Discover Bank is offering a $100 bonus when you open a Discover Online Savings Account by May 31, 2017, deposit $15,000 by June 15, 2017, and maintain your $15,000 balance until June 30, 2017, when the $100 bonus will be credited to your account.
You can earn a $100 bonus when you open a Discover Savings Account with the Promotional Code NW217 and deposit at least $15,000 and maintain that balance for as little as 15 days.
You may also be interested in this Chase Savings Account $150 Bonus for another savings account promotion.
Discover Online Savings Account Bonus for $100 Cash Reward
1. You must open your account by May 31 2017, using Offer/Invitation Code NW217.
2. You must deposit $15,000 by June 15, 2017, and maintain that balance until June 30, 2017.
3. The $100 bonus will be credited to your account by June 30, 2017, and your account must be open when the bonus is credited.
Just visit DiscoverBank.com to open a Discover Savings Account and enter Offer/Invitation Code NW217 to qualify for a $100 bonus when you deposit at least $15,000 and maintain that balance for as little as 15 days.
Discover Savings Account Promotional Details
When you apply Offer/Invitation Code NW217 on the “Opening Deposit” page during your Discover Savings Account application, you will see a confirmation message indicating that the bonus will be applied.
If you open your account by phone, which you can do by calling 1-800-347-7000, then your initial funding is limited to $5,000, but you can add additional funds online after your account has been opened.
This offer is limited to new customers only (not available for existing or prior Discover Savings Account customers), and there is a limit of 1 bonus per customer.
The bonus will be credited to your Discover Bank account by June 30, 2017, and your account must be open at the time of the bonus posting to your account.
The $100 bonus is considered interest and will be reported on IRS Form 1099-INT.
How To Apply Promo Code for Discover Online Savings Account Application
1. Click on DiscoverBank.com to access the offer.
2. Click the “Open an Account” button on the top right corner of the application page.
3. Select the Discover Online Savings Account and enter your initial deposit amount.
4. During the application process, specifically on the “Opening Deposit” page, enter and apply Offer Code NW217 to see the confirmation details appear.
“To get your $100 Bonus: What to do: Apply for your first Discover Online Savings Account (OSA) by 5/31/17. Enter Offer Code NW217 when applying. Deposit at least $15,000 by 6/15/17. What to know: Offer not valid for existing or prior Discover savings customers. Account must be open when bonus is credited. Bonus will be credited to the account by 6/30/17. Bonus is considered interest and will be reported on IRS Form 1099-INT. Offer may be modified/ withdrawn without notice.”
5. Then simply complete the online application, and the bonus offer will be applied.
Discover Bank Online Savings Account Details
The Discover Bank Savings Account has no monthly fees and no monthly minimum balance requirement.
In addition, you’ll earn a 1.01% APY on all of your deposited balances with an online Savings Account from Discover Bank, on top of the $100 bonus.
To open an account, you must be a U.S. citizen or other U.S. person, be at least 18 years old, have a valid Taxpayer Identification Number, have a valid physical U.S. address, and provide an electronic consent and signature.
Just open a Discover Savings Account with a minimum opening balance of only $500 to get started and earn a 1.01% APY on all balances.
Plus, if you’ve got $15,000 to move around, you can take advantage of this Discover Savings Account bonus to earn an extra $100 cash reward.
Discover Online Savings Account Features
- 1.01% APY on All Balances.
- $500 Minimum Opening Deposit (send a check or transfer funds from an existing bank account).
- No Monthly Fee.
- No Minimum Balance Required.
- $0 Official Bank Checks.
- $0 Expedited Delivery for Official Bank Checks.
- $0 Incoming Wire Transfers.
- Interest Compounded Daily and Paid Monthly.
- View Savings Account Balance and Activity Online or in Mobile App.
- Deposit Checks on the Go or Grow Your Savings with Automatic Transfers.
- Move Money In and Out of Your Savings Account Easily and Securely.
- Open a Discover Savings Account in Minutes with Your Address, Phone, Email, and Social Security Number (or other taxpayer ID).
- Funds on Deposit at Discover Bank are FDIC-Insured up to the Maximum Allowed by Law.
Open a Discover Savings Account to earn a higher interest rate compared to the national average for a regular savings account.
Discover Savings Account Review
I personally have multiple online deposit accounts with Discover Bank, including Savings, Cashback Checking, and Certificate of Deposits.
I find their online account system to be extremely simple to use, especially when it comes to moving money around between Discover accounts and outside banks.
They are also one of the most responsive banks around when it comes to their actual human customer support, as you can easily get help when you need it by phone or email.
Overall, Discover Bank is a great online banking service for your everyday deposit account needs, allowing you to earn high interest rates and enjoy simple banking services.
You can also compare interest rates from 360 Savings for other online banking account options.
A special thank you goes out to NerdWallet for posting about this latest Discover Online Savings Account bonus code.