Discover Bank Promotions

About Discover Bank

Discover Bank offers some of the highest interest rates for its savings products. In addition, Discover offers cashback checking. There are no fees for checking and savings accounts.

How to Get the Best Bonus at Discover Bank

Discover Bank frequently offers cash bonuses. Keep your eye out on our page for coupons. If you see one, be aware of when the offer expires and open an account quick.

Discover sign up bonuses are available to residents nationwide.

Discover Online Savings - $150 Cash Bonus
To get your $150 or $200 Bonus offer: What to do: Apply for your first Discover Online Savings Account by 11/4/19, 11:59 PM ET, online or by phone. Enter Offer Code CY1019 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted by 11/18/19, 11:59 PM ET. Maximum bonus eligibility is $200.
What to know: 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. Account must be open when bonus is credited. Bonus will be credited to the account by 12/2/19. Bonus is considered interest and will be reported on IRS Form 1099-INT. Offer may be modified/withdrawn without notice. See advertiser website for full details.
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Expires 11/4/2019

Discover Online Savings - $200 Cash Bonus
To get your $150 or $200 Bonus offer: What to do: Apply for your first Discover Online Savings Account by 11/4/19, 11:59 PM ET, online or by phone. Enter Offer Code CY1019 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted by 11/18/19, 11:59 PM ET. Maximum bonus eligibility is $200.
What to know: 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. Account must be open when bonus is credited. Bonus will be credited to the account by 12/2/19. Bonus is considered interest and will be reported on IRS Form 1099-INT. Offer may be modified/withdrawn without notice. See advertiser website for full details.
Get Deal
Expires 11/4/2019

What to Open at Discover Bank

• Cashback Checking. You earn 1% cash back on up to $3,000 in debit card purchases each month (up to $30/month). There is no minimum balance requirement. Discover Bank has no fees. That includes no fee to reorder checks or replace debit card. There are over 60,000 no-fee ATMs.

• Online Savings Account. Discover online savings account offers a high APY with no fees or minimum opening deposit.

• Money Market Account. The Money Market account offers a high, competitive APY and more money flexibility. You get a free debit card and checks. You can write checks, pay bills, and make debit card purchases (up to 6 of these types of transactions per month). You can make unlimited ATM withdrawals. The minimum to open is $2,500.

• 12-month CD. Discover offers one of the best APYs for a 12-month CD. The minimum deposit to open is $2,500. If you can commit to not touching that money for a year, then you'll get a higher APY than with the regular savings account.

What Not to Open at Discover Bank

• Short term CDs. For CD terms less than 12 months, the interest rate isn't great. In this case, it's much better to just save your money into the Discover Online Savings Account.

What You Need to Apply

• Social Security number or taxpayer ID
  
• Name and address
  
• Date of birth
  
• Email and phone number
  
• Account information to fund your new account

Details You Need to Know

• Discover Savings Bonus Offer is not valid for existing or prior Discover savings customers (or those with co-branded savings accounts or affinity accounts provided Discover).
  
• Account must be open when bonus is credited.
  
• Bonus is considered interest and will be reported on IRS Form 1099-INT.
  
• Discover will conduct a soft pull on your credit. This does not affect your credit.

Monthly Fees

Discover Bank has no fees at all.

Cashback Checking:

• $0 monthly service fee
  
• $0 ATM fee at over 60,000 ATMs in the US
  
• $0 for online bill pay
  
• $0 for check order
  
• $0 for replacement debit card
  
• $0 for official bank check
  
• $0 for outbound ACH transfers
  
• $0 for deposited item returned
  
• $0 for incoming wire
  
• $0 for stop payment
  
• $0 insufficient funds fee

Online Savings:

• $0 monthly service fee
  
• $0 for official bank check & expedited delivery
  
• $0 for deposited item returned
  
• $0 for incoming wire
  
• $0 for each excessive withdrawal
  
• $0 for stop payment order
  
• $0 insufficient funds fee

Money Market:

• $0 minimum balance fee
  
• $0 ATM fee at over 60,000 ATMs in the US
  
• $0 for check order
  
• $0 for replacement debit card
  
• $0 for deposited item returned
  
• $0 for incoming wire
  
• $0 for each excessive withdrawal
  
• $0 for stop payment
  
• $0 insufficient funds fee

Certificate of Deposits:

• $0 monthly service fee
  
• $0 for official bank check
  
• $0 for incoming wire

Common Questions

• Is Discover a bank?
  Discover is an online bank based in Greenwood, Delaware. It was originally established in 1911 as Greenwood Trust Company and was acquired by Discover in 1985. Discover offers a full range of services, including online banking, loans, and Discover credit cards.

• Is Discover bank safe?
  Yes, Discover Bank is FDIC insured. That means you are protected against the loss of your deposit if the bank fails, up to $250,000. This makes Discover a good place to save and earn more interest on your savings.

• Does Discover Bank offer checking accounts?
  Yes, Discover offers a Cashback Debit checking account with no minimum balance or activity requirements and no fees. You earn 1% cash back on up to $3,000 in debit card purchases each month (up to $30/month).

• How do I withdraw money from my Discover bank account?
  You can withdraw money from your Discover checking account in these ways:
  • No-fee cash withdrawals at over 60,000 Allpoint® and MoneyPass® ATMs
    
  • Online transfers to an external bank account
    
  • Choose additional cash over when you pay for purchases with your debit card
    
  • Checks (check orders are free)
    
  • Wire transfers ($30 charge for outgoing wire transfers)

  Discover savings account does not offer an ATM card. You can withdraw by transferring funds to your Discover checking account or to an external bank account.

  Federal law limits you to 6 withdrawals and transfers per month for savings accounts. However, there are no limits on official checks mailed to you.
  

What Banks Have Sign Up Bonuses?

Discover Online Savings - $150 Cash Bonus
To get your $150 or $200 Bonus offer: What to do: Apply for your first Discover Online Savings Account by 11/4/19, 11:59 PM ET, online or by phone. Enter Offer Code CY1019 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted by 11/18/19, 11:59 PM ET. Maximum bonus eligibility is $200.
What to know: 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. Account must be open when bonus is credited. Bonus will be credited to the account by 12/2/19. Bonus is considered interest and will be reported on IRS Form 1099-INT. Offer may be modified/withdrawn without notice. See advertiser website for full details.
Get Deal
Expires 11/4/2019

Discover Online Savings - $200 Cash Bonus
To get your $150 or $200 Bonus offer: What to do: Apply for your first Discover Online Savings Account by 11/4/19, 11:59 PM ET, online or by phone. Enter Offer Code CY1019 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted by 11/18/19, 11:59 PM ET. Maximum bonus eligibility is $200.
What to know: 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. Account must be open when bonus is credited. Bonus will be credited to the account by 12/2/19. Bonus is considered interest and will be reported on IRS Form 1099-INT. Offer may be modified/withdrawn without notice. See advertiser website for full details.
Get Deal
Expires 11/4/2019

Chase Total Checking® + Chase Savings℠
• Enjoy up to $350 when you open a new Chase Total Checking® account with Direct Deposit and/or open a new Chase Savings℠ account, deposit $10,000 or more in new money and maintain a $10,000 balance for 90 days
• Enjoy a $200 bonus when you open a new Chase Total Checking® account and set up direct deposit
• Enjoy a $150 bonus when you open a new Chase Savings℠ account, deposit a total of $10,000 or more in new money within 20 days, and maintain a $10,000 balance for 90 days
• Access to 16,000 Chase ATMs and nearly 5,000 branches
• Apply online in minutes. Open your account online now.
• Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
• Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
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Chase Savings℠
• Enjoy a $150 bonus when you open a new Chase Savings℠ account, deposit a total of $10,000 or more in new money within 20 business days, and maintain a $10,000 balance for 90 days
• Access to 16,000 Chase ATMs and nearly 5,000 branches
• Link this account to your Chase checking account for Overdraft Protection.
• Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
• Apply online in minutes. Open your account online now.
• Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
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Chase Premier Plus Checking℠
• Enjoy $300 as a new Chase checking customer, when you open a Chase Premier Plus Checking℠ account and set up direct deposit.
• Enjoy $300, more benefits, and earn interest on your new Chase checking account.
• The $25 Monthly Service Fee is waived when you keep an average beginning day balance of $15,000 or more in any combination of this account and linked qualifying Chase checking, savings and other balances.
• No Chase fee on first four non-Chase ATM transactions per statement period.
• Earn interest on your checking account balance.
• Access to 16,000 Chase ATMs and nearly 5,000 branches
• Apply online in minutes. Open your account online now.
• Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
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Chase Total Checking®
• Enjoy a $200 bonus when you open a new Chase Total Checking® account and set up direct deposit
• Access to 16,000 Chase ATMs and nearly 5,000 branches
• Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
• Apply online in minutes
• Open your account online now
• Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
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Chase College Checking℠
• Enjoy $100 as a new Chase checking customer when you open a Chase College Checking℠ account, enroll in paperless statements and complete 10 qualifying transactions within 60 days of account opening.
• Access to 16,000 Chase ATMs and nearly 5,000 branches
• No Monthly Service Fee for up to 5 years if you're a student between the ages of 17-24 at account opening with proof of student status.
• Deposit checks from virtually anywhere, anytime, just by taking a photo with the Chase Mobile® app.
• Send and receive money in moments using Chase QuickPay® with Zelle®
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