Posted by William Charles on December 4, 2018
Savings Accounts

Published on December 4th, 2018 | by William Charles


Discover Savings Bonus $150/$200 with $15,000/$25,000 Deposit

Update 12/04/2018: There is a new working link and code. This time good for applications through January 14th, 2019.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: Nationwide
  • Direct deposit required: None
  • Additional requirements: Deposit $15,000 for $150 bonus, or $25,000 for $200 bonus
  • APY: 2%
  • Initial Deposit: None
  • Hard/soft pull: Soft
  • ChexSystemsNo for Online Savings
  • Credit card funding: None
  • Monthly fees: None
  • Early account termination fee: None mentioned
  • Expiration date: Open by 1/14/19 Deposit funds by 1/28/19
  • Insured: FDIC

The Offer

Direct link to offer




The Fine Print

  • 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 (this bit is new)
  • Account must be open when bonus is credited.
  • Bonus will be credited to the account by 2/11/19.
  • Bonus is considered interest and will be reported on IRS Form 1099-INT.
  • Offer may be modified/withdrawn.

Avoiding Fees

Discover’s Online Savings Account does not have any fees, nor any minimum balance requirement. You can withdraw any funds you wish after fulfilling the $20,000 (or $15,000) deposit requirement.

Early Termination Fee

There is no mention of an early termination fee according to the Online Savings Account Guide. You must, at minimum, leave the account open until the bonus posts, or November 30, 2017.

Deal History

Quick note: The bonus usually isn’t extended as such, but a new deal with a new promotion code comes along and we just use the verbiage ‘extended’. Obviously no guarantee they will continue to do so.

  • Update 11/03/2018: There is a new working link and code. This time good for applications through December 3rd, 2018.
  • Update 10/09/18: There is a new working link and code. This time good for applications through October 31st, 2018.
  • Update 09/10/2018: There is a new working link. This one is definitely not an affiliate link of any type.
  • Update 07/20: There is a new working link that doesn’t look like it’s a NerdWallet link, but might be an affiliate link for another site.
  • Update 07/12/18: There is a new working link that is valid until 7/31/2018. This is another NerdWallet link and they will get comission if you use it. I personally don’t like NerdWallet as they are affiliate link focused and don’t always post the best deals. That being said I want my readers to have the best choice possible so that’s why I’m adding it. If anybody finds a non NerdWallet link let us know. You might also just be able to use promo code SAVE718E1 or SAVE718E2 and it should work. We don’t receive anything if you use the NerdWallet link or any other bank account bonus or credit card link as we believe remaining independent is important.
  • Update 06/05/18: Bonus has been extended until 6/29/18
  • Update 05/18/18: Gadget & rediff found a new working code: SAVE518E1. This means NerdWallet won’t get paid when you use this code. This link should also work, but not sure if it’s one time use or not.
  • Update 05/09/18: Deal is back and valid until 6/4/18. New promo code is NW518. Sadly I think this is an exclusive offer to NerdWallet and they get paid if you use this link. Personally I hate NerdWallet because I find they suggest inferior offers on a regular basis but this Discover Savings bonus is a great deal. I’ve tried to get Discover to agree to give money to charity instead of paying out affiliate commissions but they never respond.
  • Update 03/27/18 : Deal has been extended until 05/04/2018. New promo code is SAVE318D2. Hat tip to reader Gadget.
  • The Discover savings bonus has been extended again until April 2nd, 2018.
  • Offer has been extended again. You must now open it by 02/28/18 and deposit by 03/14/18
  • Originally posted on September 19th, 2017. Reposting on November 2nd, 2017 because the offer has been extended. The $200 offer now requires a deposit of $25,000 instead of $20,000. Bonuses for AAA & AAII have not been extended yet.

Our Verdict

The deposit requirement increasing to $25,000 shouldn’t matter too much as it looks like cumulative deposits work anyway. The best part of this deal is that there is no deposit minimum length so you should be able to deposit the (or $15,000) and then immediately withdraw it. In the past the bonus has posted 5–15 days after the deposited has been received but recently it has been taking much longer. A lot of people like these Discover bonuses because they also offer a decent APY (1.85% currently), although there are better APYs available. This is one of the best savings account bonuses currently available.

Useful posts regarding bank bonuses:

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Although in the past the bonus posted pretty quickly, for me it’s yet to post approximately 20 days after date of deposit. By secure message I confirmed that the code was applied and that the bonus would be received by 10/31.

I’ve also opened the AAA one. Did that a few days after the Savings and have now moved all of the $20K over to it. Hopefully both post bonuses sooner rather than later.

So you can move the 20k out and the bonus will still post?

It should, per the post and data points. You need the 20K in there before the date noted, and then can move it out, is my understanding.

I have also completed the full $20K and let it sit there for a week before I started pulling out the funds back to my CU hub. Will see how much bonuses this $20K will harvest just transferring funds in and out the CU hub. Although some prefer to transfer directly from their Disc savings to AAA, I prefer to push funds to AAA from CU after pulling from savings.

CU hub APY? which CU? thanks

You have the wrong date in “The Offer” section above… the deadline for the $200 bonus is 11/16, not 10/16.

Sorry… 11/15.

Fixed; thanks for pointing that out!

For people who have both the regular and AAA savings account, do you use the same login or different login?


“Offer not valid for prior Discover savings customers”

Do they really enforce this? any data point please

thank you so much!

I’d like to know too.


I did the bonus on 2015, and I closed my account in late 2016. Will give it a shot and let you know

Thank you

Worked like a charm. Bonus posted even before my initial deposit cleared and was available to use.

Didn’t work for me, when I use the promo code NPBE1018 I get this message:
“Our records show that you are ineligible for this promotion because you have opened a similar account in the past.”

i just received targeted snail mails from discover and barclaycard AFTER i’ve already signed up for them. lolz
got the discover $200 SAVE917D1 mailer (signed up on 8/27) and Arrival+ 40k bonus (signed up on 9/18 for the 50k though).


Just confirmed by secure message I signed up for the bonus. They also said the following:

“Please follow up on or after 10/31/2017 to see your promotional credit.”

So we shouldn’t expect the bonus to post until around 10/31?

Deposited funds on 9/22, $200 bonus posted today (10/5)

bonus posted today ($200). now to try for the AAA.

Deposited funds on 9/1 and $200 bonus posted today.

Here too

+1 for $200 bonus posting on 10/5.

Opened account 8/29 with $20k deposit (held in account for a few weeks). Bonus posted 10/5. Thanks doc! Now just need to see the bonus for the AAA account 🙂

Deposit funds on 9/8, bonus posted on 10/5 for Discover savings account.
Still waiting for bonus on AAA savings account which funds are deposit on 9/14.

Bonus posted on 10/05, deposited 20k on 08/29. Now waiting for AAA bonus to arrive.

Deposited funds on 9/16 and $200 bonus posted 10/5. seems like every got on 10/5

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