Discover Savings Account $150/$200 Bonus

Update 3/17/25: Extended to 9/11/2025 with code NW325

Update 9/21/24: Deal is back at this link. Valid through 3/13/2025

Update 9/5/24: Offer is back at this new link with Code GBPP624. Valid through 9/12/24. (ht matt f)

Update 5/24/24: Deal is back $150/$200/$400 bonus available this time. Although apparently the $400 bonus is a mistake? $400 bonus not showing anymore

Update 12/27/23: Deal is back, this time $150/$200 only.

Update 11/2/23: Reader Wires2K reports that promo code BONUS1023D works for $400 bonus with a lower $30,000 deposit.

Update 10/28/23: Added new link with additional option for $400 bonus with $45,000 deposit. This link expires earlier on 11/16/23. (ht Stanley)

Update 10/27/23: Deal is back and valid until 12/14/23.

Offer at a glance

  • Maximum bonus amount: $400
  • Availability: Nationwide
  • Direct deposit required: None
  • Additional requirements: Deposit $15,000 for $150 bonus, or $25,000 for $200 bonus
  • APY: 3.60%
  • Initial Deposit: None
  • Hard/soft pull: Soft
  • ChexSystems: No for Online Savings
  • Credit card funding: None
  • Monthly fees: None
  • Early account termination fee: None mentioned
  • Expiration date: Open by 06/15/2023
  • Insured: FDIC

The Offer

Direct link to offer | $400 link | new link

  • Apply for your first Discover Online Savings Account, AND
  • Enter offer code GOBP623 when applying, AND
  • Deposit a total of at least $15,000 into your account within 30 days to earn a $150 Bonus, OR
  • Deposit a total of at least $25,000 into your account  within 30 days to earn a $200 Bonus.
  • Deposit at least $45,000 within 45 days of account open date to earn a $400 bonus
  • According to this datapoint cumulative deposits will work, YMMV as always. Lots of DP suggesting this works now.

 

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 11/4/19.
  • 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  • Offer may be modified/withdrawn.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 $25,000 (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.

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 (0.40% currently), although there are better APYs available. This is one of the best savings account bonuses currently available.

Useful posts regarding bank bonuses:

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 7/21/23: Deal is back and valid until 09/14/2023.
  • Update 3/23/23: Offer is back at this link through 6/15/23. Use Offer Code NW223.
  • Update 12/21/22: Deal is back. Offer ends 03/15/2023, 11:59 PM ET.
  • Update 10/23/22: There’s a new, better version which offers up to $450 bonus. Valid through November 8, 2022.
  • Update 9/21/22: Deal is back through 12/15/22 (ht alopez14)
  • Update 8/13/22: Looks like the $500 option has now expired. If anybody finds a working offer let us know.
  • Update 7/28/22: Looks like there is a new $500 option with promo code BONUS722E1. Requires a $50,000 deposit, code seems to apply for anybody but no landing page so possibly YMMV. Hat tip to usccstrategy
  • Update 6/21/22: Deal is back and valid until 9/15/22. New promo code is GOBR622
  • Update 1/3/22: There is also a direct link working again. Promo code OR222. Hat tip to chooseyourusername17
  • Update 12/30/21: Direct link is no longer working, but promo code SAVEQ122E2 should work until 3/30/22. Hat tip to reader Celia.
  • Update 10/23/21: Deal is showing again.
  • 10/19/21: Cumulative deposits seem to still be working, as always still a risk.
  • Update 9/24/21: Hello old friend…this deal is finally back again. Unknown if cumulative deposits will still work or not. Hat tip to reader Gadget & Dev
  • Update 4/7/20: Extended until 5/11/20.
  • Update 3/2/20: Deal has been extended until 4/6/20 (hat tip to reader Pat)
  • Update 2/4/2020: Deal has been extended until 3/2/20
  • Update 1/7/20: Deal has been extended until 2/3/20.
  • Update 12/3/19: Deal has been extended until 1/20/20
  • Update 11/6/19: Deal has been extended until 12/2/19
  • Update 10/8/19: Deal has been extended until 11/4/19.
  • Update 9/10/19: Deal extended until 10/7/19
  • Update 8/6/19: Deal extended until 9/9/19
  • Update 7/2/19: Deal extended until 8/5/19
  • Update 6/5/19: Deal has been extended until July 1st, 2019. I’ve updated the promo code and expiration dates below.
  • Update 6/5/19: Deal has been extended until July 1st, 2019. Updated the promo code.
  • Update 4/2/19: Deal has been extended until June 5th, 2019.
  • Update 3/5/19: New code and now valid until April 1st, 2019.
  • Update 2/5/19: New code and valid until 3/4/19 now.
  • Update 1/16/19: Yesterday there was a small issue with the promo code, that has now been resolved.Update 01/15/2019: There is a new working link and code. This time good for applications through February 4th, 2019.
  • Update 12/04/2018: There is a new working link and code. This time good for applications through January 14th, 2019.
  • 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.
    William Charles
  • On March 17, 2025, 19:15
Tags: bank bonusbigdiscovernationwide bank bonuses

View Comments (1815)

  • Mailer DP:
    4/7: Opened with $400 mailer for $40k deposits
    4/9: One $10k deposit from Chase

    4/9: Did cancel trick
    10k
    5k
    5k
    Total 20k

    04/11 Cancel trick again
    5k
    5k
    7.5k
    Total 22.5k

    04/15 Withdrew 10k bringing it down to $0

    05/11 $150 bonus posted
    05/15: $250 bonus posted

    Bonus paid out in two parts. Glad I got the cancel trick to work.

    Cancel trick so people don't ask in replies XD:
    1. Have the money settled in saving acct.
    2. Schedule a transfer out during M-F normal banking hours.
    3. Cancel that transfer out so that it shows like a credit.

    Repeat.

  • Split bonus DP:
    03/08: Opened
    03/11 - 03/31: Multiple deposits totalling $14,000
    04/04: $9700 push ($23,700)
    04/07: $2000 push ($25,700)
    04/15 $25,000 withdrawn
    05/05 $150 bonus posted
    05/08: $50 bonus posted
    Bonus paid out in two parts, 31 days after bringing the account balance above $15,000 and $25,000 respectively

  • 03/24 - Opened account and deposit $5k
    03/25 - Dep $8k
    03/25 - Did $1k transfer/cancel method which showed as money in on their "monthly money movement" tracker (this seems to only work during business hours)
    03/27 - $6k transfer/cancel
    04/01 - $6k transfer/cancel
    04/28 - $150 Account Promotion
    05/02 - $50 Account Promotion

  • 3/25-Opened account online
    3/26- $5001 Fidelity CMA push
    4/1- $20,000 Pull from Cap1 HYSA
    5/2- $200 "Account promotion"

  • Does this work if you move money from Discover checking or money market, versus an outside bank?

    I don't have language in my offer ruling it out, but don't want to take it for granted...TIA.

  • Got a targeted email that another person mentioned below for 25 bucks with 200 dollar direct deposit

    Unfortunately the DD methods for Discover I could find are pretty out of date

    Anyone had any luck lately spoofing?

    Ally, Fidelity, and Sofi especially

    I'll try anyway and report back

    • I tried Chase Biz DD for P1 & P2 a couple weeks back, but still haven't gotten payout

  • Is it worth opening discover savings account given other HYSA options with better bonus and APY

    • Two reasons I can think of - they sometimes send additional bonus offers to existing customers and the account works well as a Hub account. Often works for fake DDs.

  • I got a mailer with a code for $150 with $15,000deposit/$400 with $45,000 deposit, and during the sign-up process was shown another option I could choose (which I did): $150 for $15,000/$500 for $50,000.

  • @2 FYI Discover sent me a targeted email for $25 bonus after $200+ DD with my existing cashback debit checking account. Small beans but I'll take it.

    • I got the same email.

      1. You must set up a qualifying direct deposit (“Qualifying Deposit”) into your Cashback Debit account ending in xxxx from a payor that has never credited the account. A Qualifying Deposit is (i) funds from a salary, pension, or government benefits from a business, government entity, or other organization; (ii) initiated via Automated Clearing House (ACH) at another financial institution; (iii) processed as a Prearranged Payment and Deposit Entry (PPD) transaction – as defined by the National Automated Clearing House Association (NACHA) – which is generally associated with direct deposits (for example, most recurring payroll payments are processed as PPD transactions); and (iv) a singular deposit of at least $200. Deposits made by an individual using online banking or Peer-to-Peer (P2P) payments (such as Apple Pay Cash, Venmo®, Zelle® and PayPal®), deposits from rideshare companies, and food ordering & delivery companies do not qualify. The Qualifying Deposit must post to the account by 6/13/25 11:59 PM ET to qualify for the bonus.

      Maximum bonus eligibility is $25. Offer is valid only for account ending in xxxx and is non-transferable. Account must be open when bonus is credited; account will be credited no later than 7/14/25. Bonus is subject to reporting on Form 1099-INT. Offer ends 6/13/25 11:59 PM ET and may be modified or withdrawn without notice. Please note, it may take up to 2 payment cycles to receive a new direct deposit in your account.

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