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The Discover savings bonus could land you $150 or $200.
You'll have to open an account with the bank and deposit at least $15,000. That's steep, but the online bank also offers some of the best savings rates on the market. The bank offers a high-quality online experience, too.
Here is a closer look at how to qualify for the Discover sign-up bonus.
Discover savings bonus
What you'll get
$150 or $200.
How to get it
First-time savings customers can open a Discover Online Savings Account using offer code NW323. Deposit at least $15,000 for a $150 bonus, or $25,000 for $200.
Where to open
Online, by phone or on the Discover app.
How to qualify
You cannot be an existing or prior Discover savings customer or existing or prior customer with savings accounts that are co-branded, or affinity accounts provided by Discover.
Account monthly fee
3.30% (the current national average is just 0.33%).
03/15/2023, 11:59 PM ET.
» Curious about Discover's checking account and other services? Read NerdWallet's full Discover Bank review.
The verdict: Are Discover savings bonuses worth it?
Generally speaking, savings bonuses, high annual percentage yields and low fees are rare. But Discover's savings account can get you all three.
If you're looking to sign up for a new savings account and want to score some free cash in the process, Discover could be a great fit. However, the deposit requirements to earn the Discover bonus are quite hefty. Other banks offer bonuses of the same or even greater amounts, and have smaller minimum deposit requirements. See our roundup of the best bank bonuses to compare.
» For other strong savings options, check out NerdWallet's best high-yield online savings accounts.