Advertiser Disclosure

Discover Savings Bonus: $150 or $200 Promotion

Aug. 6, 2019
Banking, Banks & Credit Unions, Savings Accounts
Discover Savings Bonus: $150 or $200 Promotion
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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.

» Skip ahead to compare three banks’ bonuses.

Discover savings bonus

What you'll get$150 or $200.
Expiration dateSept. 9, 2019.
How to get itFirst-time savings customers can open a Discover Online Savings Account using offer code NW819 by Sept. 9, 2019. Deposit at least $15,000 by Sept. 23, 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 Oct. 7, 2019.
Account monthly fee$0.
Account APY2.00% (the current national average is just 0.09%).

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 10/14/2019)


Discover Savings Bonus

$200






Minimum qualifying deposit

$25,000





When you'll get it

By Oct. 7, 2019
(Expires 9/9/2019)



HSBC Advance Checking Bonus

$350






Minimum qualifying deposit

$5,000





When you'll get it

Around 8 weeks after requirements met
(Expires 12/31/2019)



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.

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