New Discover Savings Bonus, Get Up To $200 With $25K Deposit

Discover has a savings account bonus that can earn you either $150 or $200. It is available nationwide to those who haven’t had an account in the past. This Discover savings bonus has been extended until 6/1/20.

Offer

To get your Bonus:

• Apply for your first Discover Online Savings Account by 6/1/20
• Enter offer code MJ20 when applying.
• Deposit by 6/15/20 a total of at least:
  • $15,000 into your account to earn a $150 Bonus
  • $25,000 into your account to earn a $200 Bonus.

Maximum bonus eligibility is $200 per account. Bonus will be credited to the account by 6/29/20. 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.

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 good bonus that we have seen in the past. These bonuses require a large amount of money to be deposited in the account. It doesn’t have to be a direct deposit, and it doesn’t have to be deposited in one lump sum of $15K or $25K, but you need to deposit that total amount into the account. Once you do, then you can pull the money out, since it doesn’t have any requirements to keep the money there. You also earn 1.75% APY if you do leave the money there.

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.

Offer Details

• Promo Page
• Bonus: $150/$200
• Promo Code: MJ20
• Account Type: Online Savings Account
• Availability: Nationwide
• Expiration Date: 6/1/20
• Inquiry Type: Soft pull
• Credit Card Funding: No
• Direct Deposit Requirement: No
• Other Requirements: Deposit $15K/$25K by 6/15/20
• Monthly Fee: None
• Closing Account Fee: Must be open to get the bonus

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