Posted by William Charles on August 22, 2017
Bank Account Bonuses

Published on August 22nd, 2017 | by William Charles

179

[Expired] Discover Savings $150/$200 Bonus with $15,000/$20,000 Deposit

Bonus has been extended, click here more information here.

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
  • ChexSystemsChecking does have Chex inquiry
  • Credit card funding: None
  • Monthly fees: None
  • Early account termination fee: None mentioned
  • Expiration date: Open account by October 2nd, 2017. Must deposit funds by October 16tth, 2017
  • Insured: FDIC

The Offer

Direct link to offer

  • Apply for your first Discover Online Savings Account by 10/2/17. Enter offer code S817 when applying. Deposit a total of at least $15,000 into your account by 10/16/17 to earn a $150 Bonus or deposit a total of at least $20,000 into your account by 10/16/17 to earn a $200 Bonus.

 

The Fine Print

  • Offer not valid for existing or prior Discover savings customers.
  • Account must be open when bonus is credited.
  • Bonus will be credited to the account by 10/31/17.
  • Bonus is considered interest and will be reported on IRS Form 1099-INT.
  • Offer may be modified/withdrawn without notice.

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 October 31st or whenever the bonus posts.

Our Verdict

Previously the bonus has been $100 for depositing $15,000 so this bonus is even better because at minimum you’re getting an extra $50 for the same requirements. The best part of this deal is that there is no deposit minimum length so you should be able to 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. A lot of people like these Discover bonuses because they also offer a decent APY (1.15% currently), this is a good rate but there are better around. I will be adding this to the list of the best saving account bonuses. We aren’t sure if cumulative deposits will work, my guess is no but who knows for sure.

Big thanks to reader, Touserpandi who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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David
David

Any idea if Discover will have its checking signup bonus back in the future?

Lizzle
Lizzle

When you click on the link, the print says “What to do: Enter offer code XXXXXX when applying.” The promo code isn’t listed on the landing page.

Lizzle
Lizzle

Never mind, I see it as an ad when I google for it.

Fiby

So I’m not entirely certain….could this be a cumulative deposit of $15k/$20k? What if I deposit $2k, withdraw $2k, 10 times? It doesn’t say the balance needs to hit $20k, just that I need to deposit $20k….

Bob Newbie
Bob Newbie

Nice, i’m glad I held off on the $100 one. Would be nice to see some data points on whether cumulative deposits work or if it has to be one the entire $15k/20k at once.

Fiby

So according to the terms, we won’t get any DP from this go around in time. The deposits have to be made by 11/15, and the bonus is awarded 11/30.

The fact that the bonus is awarded 11/30 as opposed to X days after qualifying deposits made makes me think cumulative deposits will work.

Dd
Dd

Damn I opened mine not to long ago. Does discover match?

doug
doug

literally just did the $100 S717 offer yesterday because it was the last day for it before expiring…pretty annoyed now to see this be offered a day later. thought it was being proactive by securing the $100 rather than getting nothing…sending a secure message. doubt they’ll match but will be a bit aggravated if they don’t. i would’ve waited clearly if there was any indication they’d offer something better literally 24 hours of the $100 offer ending..

Avi
Avi

Feel the pain. Opened just two weeks back.

Master Allan
Master Allan

I jumped in about a month ago too certainly not expecting an increase over $100. Don’t beat yourself up on it. Like the stock market no one can predict the bonus game. You came out ahead.

Rab
Rab

I did this last month for $100… smh…a loss of $100

JT
JT

Is this 100% lifetime restricted?

SamSimon
SamSimon

Confused, William, Hi.
Your link https://www.discover.com/online-banking/savings-lng-04/
“What to do: Enter offer code XXXXXX when applying.”

Googled the promo. Seems also can get bonus faster “Open your account by 10/2/17”
[link removed]

SamSimon
Adam

damnit, I opened up a savings acct (for no bonus) just to be eligible to open up a stupid Discover checking acct for a measly $50 bonus last year or so :/ … moral of the story, never ever open bank accts without a good bonus (the $100 savings bonus wasnt available at the time I opened mine)… missed out on potential $200 of free money from this offer, plus the checking offer was doubled too.

and now due to discover’s retarded lifetime rules, cant never ever get a checking or savings bonus again. not even after closing em etc. anyone know of anyway to bypass that? if not, let that be a lesson to folks who havent jumped on any discover offers yet.

Ryan
Ryan

Added my SO as a signer on my Discover savings recently. I’m guessing even if I remove her she wouldn’t be eligible?

NBG
NBG

Sweet!. Thanks DoC. Applied for both me and SO and approved.

NBG
NBG

Note: After entering promo code, it says open by 10/2/2017 and deposit by 10/16/2017. Bonus will post by 10/31/2017.

raj
raj

with the other code mentioned above my dates are earlier 😀

TO GET YOUR BONUS: APPLY FOR YOUR FIRST DISCOVER ONLINE SAVINGS ACCOUNT BY 10/2/17. ENTER OFFER CODE S817 WHEN APPLYING. DEPOSIT A TOTAL OF AT LEAST $15,000 INTO YOUR ACCOUNT BY 10/16/17 TO EARN A $150 BONUS OR DEPOSIT A TOTAL OF AT LEAST $20,000 INTO YOUR ACCOUNT BY 10/16/17 TO EARN A $200 BONUS. MAXIMUM BONUS ELIGIBILITY IS $200 PER ACCOUNT.WHAT TO KNOW: OFFER NOT VALID FOR EXISTING OR PRIOR DISCOVER SAVINGS CUSTOMERS. ACCOUNT MUST BE OPEN WHEN BONUS IS CREDITED. BONUS WILL BE CREDITED TO THE ACCOUNT BY 10/31/17. BONUS IS CONSIDERED INTEREST AND WILL BE REPORTED ON IRS FORM 1099-INT. OFFER MAY BE MODIFIED/WITHDRAWN WITHOUT NOTICE.

Kevin
Kevin

I want to see if they will actually wait until 10/31/17 this time. If yes then I am going to wait until Oct.

raj
raj

i will give it a try …moving 20K in september and then wait 10-15 days…otherwise pull it back and deposti around oct 15.

kevin
kevin

Actually that’s what I’m planning . From what I see $200 might worth the risk.

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