Offer at a glance
- Maximum bonus amount: $200
- Availability: Nationwide
- Direct deposit required: None
- Additional requirements: Deposit $15,000 for $150 bonus or deposit $20,000 for $200 bonus
- APY: 1.15%
- Initial Deposit: None
- Hard/soft pull: Soft
- ChexSystems: Checking does have Chex inquiry
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: None mentioned
- Expiration date: Open account by October 31st, 2017. Must deposit funds by November 15th, 2017
- Insured: FDIC
- Apply for your first AAA Online Savings Account by 10/31/17. Enter offer code AAABONUS when applying. Deposit a total of at least $15,000 into your account by 11/15/17 to earn a $150 Bonus or deposit a total of at least $20,000 into your account by 11/15/17 to earn a $200 Bonus. According to this datapoint cumulative deposits will work, YMMV as always.
The Fine Print
- To get your $150 or $200 Bonus offer: What to do: Apply for your first AAA Online Savings Account from Discover Bank by 10/31/17. Enter Offer Code AAABONUS when applying. Deposit a total of at least $15,000 into your account by 11/15/17 to earn a $150 Bonus or deposit a total of at least $20,000 into your account by 11/15/17 to earn a $200 Bonus.
- Maximum bonus eligibility is $200 per account.
- What to know: Offer not valid for existing or prior AAA savings customers.
- Account must be open when bonus is credited.
- Bonus will be credited to the account by 11/30/17. B
- onus is considered interest and will be reported on IRS Form 1099-INT.
- Offer may be modified/withdrawn without notice.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
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/$20,000 deposit requirement. You do obviously need to keep the account open until the bonus posts.
Discover is also offering the same bonus when you apply for the account with them directly. This is not the first time they have offered a bonus on the AAA savings account and people have successfully gotten the bonus from the Discover savings and this AAA discover savings bonus before as well. I don’t think the order matters, but I’d probably do the regular Discover savings account first and then this AAA account.
This is a great deal if you have $15,000/$20,000 as there is no minimum deposit length so you can deposit the $15,000/$20,000 and then immediately withdraw it. In the past the bonus has posted 5-15 days after the deposited has been received. Some people might want to keep funds in the account as they do offer a 1.15% APY, but there are higher interest savings accounts available. We will be adding this to our list of the best saving account bonuses.
Big thanks to reader, Michael G who let us know. Learn how to find bonuses and contribute to the site here.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications