Advertiser Disclosure

Discover Savings Bonus: $150 or $200 Promotion

April 2, 2019
Banking, Banks & Credit Unions, Savings Accounts
Discover Savings Bonus: $150 or $200 Promotion
At NerdWallet, we adhere to strict standards of editorial integrity to help you make decisions with confidence. Many or all of the products featured here are from our partners. Here’s how we make money.

The Discover savings bonus could land you $150 or $200.

Discover

at Discover,

Member, FDIC

You’ll have to open a new 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.

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.
Expiration dateMay 6, 2019.
How to get itFirst-time savings customers can open a Discover Online Savings Account using offer code NW419 by May 6, 2019. Deposit at least $15,000 by May 20, 2019, for a $150 bonus, or $25,000 for $200.
Where to openOnline or by phone.
How to qualifyYou cannot have previously opened a Discover savings account, or any savings account that is co-branded or is an affinity account provided by Discover.
When you'll get itYou’ll get your bonus by June 3, 2019.
Account monthly fee$0.
Account APY2.10% (the current national average is just 0.10%).

See how other banks compare

This is how Discover’s savings offer stacks up to two checking bonuses. Browse our list of this month’s best bank promotions for more options.


NerdWallet bank rating:


Learn more
at Chase Bank

NerdWallet bank rating:


at Discover Bank

NerdWallet bank rating:


at HSBC Bank

Chase Total Checking® Bonus

$200





Minimum qualifying deposit

$0





When you'll get it

Within 10 business days of first direct deposit
(Expires 7/15/2019)


Discover Savings Bonus

$200






Minimum qualifying deposit

$25,000





When you'll get it

By June 3, 2019
(Expires 5/6/2019)



HSBC Advance Checking Bonus

$350






Minimum qualifying deposit

$10,000





When you'll get it

Around 8 weeks after requirements met
(Expires 6/2/2019)



Get more details on how to qualify for this bonus.
Get more details on how to qualify for this bonus.
Get more details on how to qualify for this bonus.

» Curious about Discover’s checking account and other services? Read NerdWallet’s full Discover Bank review.

The verdict

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.

» For other strong savings options, check out NerdWallet’s best high-yield online savings accounts.

About the author