(Offer Extended!) Earn up to $200 with your First Discover Online Savings Account

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discover savings bonus

Earn up to $200 with your First Discover Online Savings Account

Discover Bank is once again offering a signup bonus for their online savings account. This offer is available to anyone who has never had a Discover Savings account in the past.

The Offer has been extended until 5/11/20.

The Offer

Note: Discover has had some issues, so this offer may not be currently working.

Earn up to $200 when you apply for your first Discover Online Savings Account by 5/11/20 with promo code OBC420.

To get the bonus you need to deposit a total of at least:

  • $15,000 into your account by 5/25/20 to earn a $150 Bonus OR
  • $25,000 into your account by 5/25/20 to earn a $200 Bonus.

Promotion Page

Key Terms

  • This must be your first Discover Online Savings Account
  • Maximum bonus eligibility is $200 per account.
  • Account must be open when bonus is credited.
  • Bonus will be credited to the account by 6/8/20.
  • Bonus is considered interest and will be reported on IRS Form 1099-INT.

Analysis

Discover has run a similar promotion in the past. Yes, this money is taxable, but considering that you don’t have to keep the money in the account, you are earning a good interest in a very short period of time. But the account also has a decent 1.5% APY.

The total of $15K or $25K doesn’t have to be completed in one deposit. It’s pretty straightforward and worth it in my opinion if you have the money available.

Conclusion

We see this bonus extended continuously. This is a good bonus if you have $25K to deposit into your new account. The bonus is available nationwide and can be easily opened online. Make sure the promo code is entered. Only those who have never had an account will be eligible.

DDG
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last two years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

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5 COMMENTS

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

5 COMMENTS

  1. For Discover, if you had an account, are you forever barred from opening another account and obtaining a bonus?

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