New Discover Savings Bonus, Earn Up to $400
Discover has long offered a $200 bonus for its Savings account. But now there’s a new promo code that can get you up to a $400 bonus instead. This offer is available nationwide to those who haven’t had an account in the past. But, unlike the $200 offer, there’s no landing page for this better bonus. You just have to apply the code during your application. This account also earns 4.25% APY. Check out the details of the offer below.
Offer
To get your Bonus:
- Apply for your first Discover Online Savings Account online or by phone by 6/12/2024.
- Enter offer code BONUS524E1 when applying.
- Within 45 days, deposit a total of at least $45,000 into your account to earn a $400 Bonus.
Bonus will be credited to the account within 30 days of the account qualifying for the bonus. Bonus is considered interest and will be reported on IRS Form 1099-INT.
Eligibility
- Offer is available nationwide.
- 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.
- Eligibility is based on primary account owner.
Account Fees
Discover Online Savings Account doesn’t have any monthly fees or early closing fees, but you need to have the account open when bonus posts.
Guru’s Wrap-Up
This is a better bonus that the usual $200. It is also an easy bonus if you have the required amounts to deposit. It doesn’t have to be a direct deposit, and it doesn’t have to be deposited in one lump sum of $45K. But you need to deposit that total amount into your new account. Once you do, then you can pull the money out, since it doesn’t have any requirements to keep the money there.
There’s one issue with this $400 bonus. There’s no offer page. You just add the code during the application and you’ll see the bonus details. I strongly recommend taking screenshots of every step during your application, so have proof in case things don’t work out as expected. You can also call in to apply to make sure that you are eligible and will receive the bonus.
Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
Link & Key Details
- OFFER PAGE (shows $150/$200 bonus)
- Maximum Bonus: $400
- Promo Code: BONUS524E1
- Account Type: Online Savings Account
- Availability: Nationwide
- Inquiry Type: Soft pull
- Credit Card Funding: No
- Direct Deposit Requirement: No
- Other Requirements: Deposit $45K within 45 days
- Monthly Fee: None
- Closing Account Fee: Must be open to get the bonus
- Expiration Date: 6/12/24
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