[Expired] Discover Savings $100 Bonus with $15,000 Deposit

This deal has expired, you can view the current deal here.

Offer at a glance

Maximum bonus amount: $100
Availability: Nationwide
Direct deposit required: None
Additional requirements: Deposit $15,000
APY: 0.95%
Initial Deposit: $500
Hard/soft pull: Soft
ChexSystems: Checking does, not sure if another pull will be done for savings.
Credit card funding: None
Monthly fees: None
Early account termination fee: None mentioned
Expiration date:January 31st, 2017
Insured: FDIC

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
- 3.1 Early Termination Fee
4 Our Verdict

The Offer

Get $100 bonus when opening a Discover Savings account and funding it with $15,000 by 2/15/17. Use promo code SAVE12D3.

There’s no landing page for this offer (and it probably doesn’t matter if you use the Direct Link above or not), but on the third page of the application there’ll be a promo code box. After inputting the promo code, you’ll see the terms of the offer.

The Fine Print

Account must be opened by January 31st, 2017
$15,000 deposit requirement must be met by February 15th, 2017
Account must be open when bonus is credited. Bonus will be credited to the account by February 28th, 2017.
Not available to existing or previous Discover savings customers
Bank account bonuses are treated as interest and you’re required to pay taxes on them.

Avoiding Fees

There are no fees to with this account.

Discover does not have any minimum balance requirement, and you can withdraw all the funds after opening the account and fulfilling the $15,000 deposit requirement.

Early Termination Fee

There’s no mention of a fee for closing the account at any time. Note that you need to leave the account open until February 27th when the bonus posts (although it might post sooner).

Our Verdict

This bonus is actually almost always available, but usually it requires an affiliate link (and we refuse to use these for bank account bonuses) this is a public offer. We’ve been trying to get Discover to do a DoC only deal, but limited progress has been made. This deal is pretty good if you can float $15,000, it doesn’t look like there is any deposit requirement length so you should be able to deposit $15,000 and then immediately withdraw it. In the past bonus has posted around 5-15 days after the $15,000 requirement has been met.

You can read through the comments on a previous deal for more information. We will be adding this bonus to our list of the best saving account promotions.

Hat tip to reader PT & Frequent Miler

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