Discover Bank is offering either a $150 or $200 bonus when you open a Discover Online Savings Account, deposit either $15,000 or $25,000, and maintain your $15,000 or $25,000 balance until the $150 or $200 bonus is credited to your account in about 15 days.
You can earn a $150 or $200 bonus when you open a Discover Savings Account with the Promotional Code OBD120 and deposit at least $15,000 or $25,000 and maintain that balance for as little as 15 days.
Discover Online Savings Account Bonus $150/$200 Cash Reward
1. You must open your account by February 3, 2020, using Offer/Invitation Code OBD120.
2. You must deposit $15,000 or $25,000 by February 17, 2020, and maintain that balance for about 15 days.
3. The $150 or $200 bonus will be credited to your account by March 2, 2020, and your account must be open when the bonus is credited.
Just visit this $150/$200 Discover Promotional Link to open a Discover Savings Account and enter Offer/Invitation Code OBD120 to qualify for a $150 or $200 bonus when you deposit at least $15,000 or $25,000 and maintain that balance for as little as 15 days.
Discover Bank Promotional Codes
The following Discover Bank Promo Code works for this special $150/$200 offer:
- Promo Code – OBD120 (This promo code and the promotional links in this article are provided by the Discover Bank Marketing Team, and they DO NOT monetarily benefit Maximizing Money when you use them, but have been provided for free to allow our readers to get the $150 or $200 bonus).
Discover Savings Account Promotional Details
When you apply Offer/Invitation Code OBD120 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, and your account must be open at the time of the bonus posting to your account.
The $150/$200 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 the Offer Code OBD120 to see the confirmation details appear.
“TO GET YOUR $150 OR $200 BONUS OFFER: WHAT TO DO: APPLY FOR YOUR FIRST DISCOVER ONLINE SAVINGS ACCOUNT BY 2/3/20, ONLINE OR BY PHONE. ENTER OFFER CODE OBD120 WHEN APPLYING. DEPOSIT A TOTAL OF AT LEAST $15,000 TO EARN A $150 BONUS OR DEPOSIT A TOTAL OF AT LEAST $25,000 TO EARN A $200 BONUS BY 2/17/20. MAXIMUM BONUS ELIGIBILITY IS $200. WHAT TO KNOW: OFFER NOT VALID FOR EXISTING OR PRIOR DISCOVER SAVINGS CUSTOMERS OR EXISTING OR PRIOR CUSTOMERS WITH SAVINGS ACCOUNTS THAT ARE CO-BRANDED OR AFFINITY ACCOUNTS PROVIDED BY DISCOVER. ACCOUNT MUST BE OPEN WHEN BONUS IS CREDITED. BONUS WILL BE CREDITED TO THE ACCOUNT BY 3/2/20. 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 1.70% APY on all of your deposited balances with an online Savings Account from Discover Bank, on top of the $150 or $200 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 1.70% APY on all balances.
Plus, if you’ve got $15,000 or $25,000 to move around, you can take advantage of this Discover Savings Account bonus to earn an extra $150 or $200 cash reward.
Discover Online Savings Account Features
- 1.70% APY on All Balances.
- No Monthly Fee.
- No Minimum Balance Required.
- $0 Minimum Opening Deposit Requirement.
- $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.