New Discover Savings Bonus, Get $500 With $50K Deposit

August 1, 2022

New Discover Savings Bonus, Get $500 With $50K Deposit

Discover has long offered a $200 bonus for its Savings account. But now there’s a new promo code that can get you a $500 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. Check out the details of the offer below.

Offer

To get your Bonus:

Apply for your first Discover Online Savings Account by 9/15/22
Enter offer code BONUS722E1 when applying.
Within 30 days, deposit a total of at least $50,000 into your account to earn a $500 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.

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 the highest bonus we have seen foe a Discover savings account. 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 $50K. 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 $500 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 your every application step so have proof in case things don’t work out as expected.

If this bonus is not for you, then you can check our full list of available bank bonuses. If you’re new to bank account bonuses, you can learn more about churning bank accounts here. Bank bonuses are a great way to generate some extra income, so it is worth looking into them. You can can definitely bring a few thousands of dollars annually, and most requirements can be easily completed from home.