Interested in opening a Discover® Online Savings Account? Find the latest Discover Savings bonus, offer codes, promo codes, and promotion here! Member FDIC.
Available nationwide, the Discover Online Savings Account that offers to kick-start your savings with 3.90% APY – one of the highest rates online!
Update 11/21/24: The rate has decreased to 3.90% APY (from 4.00%).
Discover Bank is FDIC-insured. Enjoy online convenience and high interest yields while receiving a safe and secure way to save money each month.
Discover Savings Summary
 Open a Discover® Online Savings Account for all these features: • Earn high interest rate of 3.90% APY • No minimum opening deposit, no minimum balance requirement, and now no fees • Interest on Discover Online Savings Accounts is compounded daily and credited monthly • Manage your account online or with the Discover mobile app • FDIC insurance up to $250,000 • See advertiser website for full details |
Discover Savings Information
| Direct Link to Offer | |
| Account Type | Online Savings Account |
| Availability | Online nationwide |
| What’s the offer? | N/A |
| Current APY | 3.90% |
| Promo Code | N/A |
| How to open | Online or by phone (1-800-347-7000) |
| How to qualify | Must be your first Discover Online Savings Account. |
| When you’ll receive it | N/A |
| Account monthly fee | $0; There are no fees or minimum balance requirements |
| Account closure fee | None |
Account Features
- No minimum opening deposit.
- No minimum balance requirement.
- Interest is compounded daily and credited monthly.
- Now with no fees.
- Auto Savers plan which automatically transfers money from your personal checking account into your savings account each month.
- FDIC insurance up to $250,000.
- Manage your account online or with the Discover mobile banking apps. Features include checking your savings account balance, viewing recent activity, viewing earned interest, and the ability to make and set up transfers, and works on the Android, iPhone, and Blackberry devices.
Are My Deposits Safe?
Yes, Discover Bank is a member of the FDIC. FDIC deposit insurance is $250,000 per depositor, per deposit ownership category.
The FDIC provides separate insurance coverage for funds that depositors may have in different categories of legal ownership. The FDIC refers to these different categories as ownership categories.
About Discover Bank
Discover strives to be the leading digital bank and payments services company.
Their mission is to help people spend smarter, manage debt better, and save more to achieve a brighter financial future.
| PROMOTIONAL LINK | OFFER | REVIEW |
| Discover® Bank Online Savings terms apply | 3.90% APY | Review |
| Discover® Checking | $360 Cash Back | Review |
| Discover® Bank CD | Up to 4.10% APY | Review |
| Discover® Bank Money Market | Up to 3.75% APY | Review |
| Discover® Bank IRA CD | Up to 4.10% APY | Review |
Bottom Line
If you’re on the search for an account that offers a highly competitive annual percentage yield (APY) rates on your funds, and low fees, then you’re definitely looking at the right spot.
To conclude, the Discover Savings Account is the right fit for you if you’re looking for all three in one account.
See our full list of Bank Rates for all the best online banks plus more Discover Bank promotions! For more, see our list of the latest bank bonuses.
It pays to Discover
I am intrigued, someone used it? How does it work without problems? Any feedback? I want to try this!
Hi, after reading this remarkable paragraph i am too delighted to share my knowledge here with
friends.
How’s your research? Looking to open for at least 2 accounts.
Can I sign up for more than one account?
I applied for discover savings account but i didn’t get any confirmation email, did it go through?
The promo code is correct for this month. Check again.
Anthony I am in the application process through your link and it automatically populates a coupon code, however says it is expired. Does this mean the promo is no longer valid? I don’t want to apply if the promo is not valid. Any info on this? thanks!
Always takes me min 5 business days to move money into or out of Discover Bank cia ACH. Sometimes it arrives on business day 6! Ugh. So slow. Allowed me to open 2 Accra under my name with 2 different promo links. Deposits were moved in an out using 5k transfers via 2nd acct. received payout on both accts.
It’s just a cumulative transfer requirement (you can move a smaller amount of money in and out several times), not a balance requirement.
i am looking for Discover $150 or $200 bonus flyer of March 2018. Can some one help me find?
how long is my $15k or $25k need to keep in account in order to earn bonus of $150 or $250?
how long is my $15k or $25k need to keep in account in order to earn bonus of $150 or $250?
how long is my $15k or $25k need to keep in account in order to earn bonus of $150 or $250?
Is this still available. I cannot find the promo code
This bonus is instantaneous. Posted damn near quicker than the 25k did!
I have a Discover credit card and CDs, but not an online savings account. Am I eligible for the $200 bonus? What are savings accounts that are co-branded or affinity accounts?
Is the Discover savings account available to a business?
I closed an online savings account with Discover in early April, 2017. If I ant to use this promotion and open an account, will I be eligible for the bonus? Will I be considered a new customer?
I used the promo code but forgot to click u provided. Will I get 200$ or not?
how long does one have to keep 15K or 25K in the account?
This offer is for new customers only.
Is this offer for new customer only? Or for current customer as well?
Discover is having the promotion and will provide the bonus after you meet the requirements. We do not need any of your personal information/nor did we request it. Please click the Discover Online Savings link to open your new savings account today!
Who pays the $150/$200 bonus – Discover or HMB? Why do I have to give you my SSN when I should only give that to Discover Bank where I would be opening the account(s).
The APY is significantly higher – the account can be closed the day after the bonus posts with no penalty whatsoever. Whoever the other poster was provided you with incorrect information.
You don’t have to keep the $20k there any longer than the day they deposit the $200 bonus.
I just did this – my bonus was posted Oct 20, my monthly interest posted Oct 31, I initiated the transfer out of the entire balance a day later and a week after that it was in my external bank account.
What is the promo code?
I didn’t see what the promo codes were
How long do you need to keep the $20k in the account to get the $200 bonus? Other people are saying 1 year. Do you need to have at least $20k in the account for 1 year or you just need to have the account open for 1 year?
440 dollars total benefit. Sorry.
2.2% APY would be the benefit of this with depositing 20,000 dollars. According to other poster, we have to keep money there for 1 year. In quick simple calculation, Deposit 20,000 dollars, wait a short time, get Bonus of 200 dollars, wait 1 year at 1.2 percent, get Interest of $240 means Net Benefits of 240 dollars.
240 dollars from 20,000 dollars will give us effective rate of 2.2 percent a year. That’s way better than CD 1 year (quick search found currently at 1.5% as of 10-20-2017). Please correct me if I am wrong. Thank you.
The current promotion would need the necessary deposit by 11/15/2017.
could you comfirm it needs to be in by 10/16 or by 11/15??
I have an awful time viewing my savings account. Why can’t I get it after I give all the info you need? I keep getting the credit card account. This happens every time I want tosee it. I’m very upset over this. Mrs. G
After depositing the $20K, may I withdraw most of it?
It can be cumulative as long as the 20k is within the account by 10/16/2017.
Can someone please clarify if you must deposit 20k all at once to qualify or can it also be cummulative??
I have opened online savings account. if I don’t deposit money by the deadline, could I open one more time and use new bonus code and get bonus credited to my account.
Phone is not working..for them..
Unless Discover changed the rules it’s 90 days. I’d call them to be sure.
How long do you need to keep the account open for?
Took 8 days after money hit for me to get my bonus
I was just checking this out too…. my paperwork says the $100 can be in your account by 9/19/17 but you must keep the account open for at least one year.
how long did it take for the bonus to kick in?
This was a soft credit inquiry from what I remember!
This is absolutely exceptional. Even though variety of article on this topic, this article carries a number of the treasured points which had been never be read in other articles.
Many people will get lot of benefits by reading this kind of informational stuff .Thank you so much for this .
Hello ba tran,
I just spoke with Garrett, a Discover CSR. With the current offer, simply open the account by 05/31/2017 and fund the account with at least $15K by 06/15/2017. Garrett confirmed that all you would need to do is fund the account, wait until you receive the bonus, and wait a day to relocate the funds.
Thanks for supporting HMB and I hope this helped! -Danny
I open discover saving $15000 .
will i get $100 bonus if next month I withdraw $5000…?
Or I have to keep $15000 in saving ,if yes how long ?
Thank you.
Hello Nhi,
I don’t think you would qualify for this bonus since you currently have an account. In the terms, it states that “Offer not valid for existing or prior Discover savings customers.” However, you could call and check with a customer service representative in the case that you can!
Hope this helps! -Danny
Currently I have a Discover saving account so if I open up another one and deposit $15,000 from elsewhere I would still be qualify for this bonus?
Thank you so much for the wonderful information .This is really important for me .I am searching this kind of information from a long time and finally got it.
It’s a great rate so I wouldn’t mind keeping my money in the account.
However, if you must withdraw, I would think after the bonus show up. However, check with the CSR before doing so without a clawback.
Hi HMB,
I opened the account with the code, thanks.
However, you dont mention how long shall I keep it to qualify the bonus, may you confirm and check?
Thanks,
I noticed if you click on the “Sign Up” link in the post the code is automatically pre-populated but you have to click “apply” next to the code for the code to actually go through. It could be easy to overlook that if you see the code in the box already.
Thank you for the blog post. It’s a great deal and made me choose Discover over Ally. I set mine up a few months ago and got the $100 no problem.
I waited 90 days. Got the bonus and closed it. Everything was fine.
How long does the account need to remain open once the bonus is received?
I applied last weekend ……did everything as instructed and entered the HMB1016 code and transferred $1000 over to Discover Bank. They sent me an email that deposit was accepted today ……But I had received no email confirming the bonus code was accepted on account opening.
So I called the 800-number and they said there was no bonus code on their screen for my account. I gave them the bonus code and ask them to verify that it was a good bonus code and could he enter it online.
He took five minutes and then came back and said yes it was a good bonus code but no they could not apply it to my account over the phone… only on account opening online.
He said he could make a note in the file that I called and that I could transfer the $15,000 and meet the other conditions and then call Discover Bank again at the end of February and they would run it up the flagpole to see if I could get the bonus but there was no guarantee.
He sounded a bit doubtful so I guess I will just have to close the account. No bonus for me.
Bottom line be careful to enter the code but even if you do it may not go through.
I am about to close account opened in 2015.
However I can not find information on how many months (if any) I need to wait in order to reapply and get the bonus again. Any thoughts? Thanks,Nina
You can use your wife’s name,too.
Wow. I put in $15,000 and 9 days later got the bonus. That enabled me to sign up for and relocate the $15,000 into the $400 Citibank offer. Thanks, guys!
It has been updated.
Hi HMB,
Why does it say this right now when the expiration is 10/15?
“Additional Requirements: Use promo code HMB916 at the OFFER CODE BOX. Must deposit $15,000 by 9/15/2016 to receive the maximum $100 bonus”
Not sure. I deposited $15,000 and got the bonus in about 2 weeks.
Does the initial $500 deposit count towards the $15,000 deposit by 9/15/2016?
Thanks
Does anyone know the Bank of America Promo code for the $300 bonus?
Link is working fine.
Offer expired. Tried to use on 7/17
That wasn’t true for me. I was able to open a Discover savings account online without having a Discover credit card.
John, you have to have a discover credit card in order to open any accounts with discover, I know because I experienced the same thing you did and when I called discover they informed me that you have to have a discover credit card in order to open any accounts.
The links don’t work.
When you click on the link to apply it doesn’t do any thing but go back to the same page, what’s that all about??
I am a long time Capitalone360 (formerly ING) customer tired to the long hold times that they offer. Figured I will go with DiscoverBank instead since I liked the experience with Discover Credit Card. Tried to open a checking and a savings account on Friday 5/27. They couldn’t open the account right away as “some people are on vacation due to the long weekend”.
5 phone calls to customer service, got shuttled multiple people for no apparent reason, and finally got told on Tuesday 5/31, that there was “an error” that cannot be resolved, so I need to apply again. Won’t be opening an account with Discover Bank! What a waste of time and energy! Hey Discover Bank – have you guys heard of the concept of “great first impression”? All your advertised features sound great – if only you guys get your act together and actually open an account!
Will stick with Capitalone360 or go to Ally Bank.
When I spoke with the lady at discover she said no. But to play it safe I left it in there for 90 days. The interest on $15,000 is decent.
Does the minimum $15,000 deposit have to remain in the account for any length of time in order to receive the bonus?
Sign Up Now button is disabled…
I called Discover and talked to a live person gave them the code: HMB216. Got my $100 in about 30 days.
I called Discover Card and the code is valid. But I was told that I must go through the Hustler Money Blog to open the account and then I would be eligible for the $100 bonus. The link does not work on the site.
Sign up link is not working. Will entering the promo code HMB216 in discover bank gives $100 ?
what is the waiting period before you can open the saving account again and get the promotion. 3 months, 6 months,1 year???
The URL has moved. Offer still available?
I got in on the 100 offer for 10k deposit late last year before that deal expired. Received the 100 bonus within about a month.
Question, is there a clawback method if I close or remove funds from the account?
So no need to sign up from this site? Will it work by just putting the offer code?
Thank you for letting us know. We will make it available as soon as we can. In the mean time, you’re still able to use the offer code provided.
Sign up link doesn’t work
Number zero.
Is That promo code the letter O after the “S” or the number 0 ? Thanks….Les
Through here. Then, emailed them the code.
Thanks. Will try it.
Yes. The code should be auto-populated though.
So I just click the sign up link posted in this page, then enter the Promo code S00000FAQ, correct?
Can you deposit $5001, withdraw $5000, then deposit $5000 … so that the accumulated deposits is over the limit for the bonus?
This promotion code shows “Bonus valid through 1/31/16. Limited to new customer only. Limit one per customer. Bonus good on Discover Online Savings Account only. To get the $100 Bonus, apply through HMB by 1/31/16 and a minimum deposit of $15,000 must be received by 2/15/16. Account must be open at time the bonus is paid. $100 will be credited to your Discover Bank account within 30 days of reaching $15,000 balance. Bonus is considered interest and will be reported on IRS Form 1099-INT. Offer may be withdrawn without notice.”
There is no definition of “new customer” in the ad.
In addition, can the $15000 deposit be separated in several times? Can I deposit $5001, then withdraw $5000; then deposit $5000, then withdraw $5000; then deposit $5000, then withdraw $5000 for the bonus.
Hi did you sign up here or on Discover’s site
Confirmed. Received Bonus on 12/29/2015
Whom did you call to verify this? Last I called the rep didn’t know when I could withdraw the 10k.
I got another $50 yesterday so the promotion worked out. I got $100 bonus for my $10,000 deposit. Thank you Discover.
That’s a new one. Haven’t heard that answer before.
Same here. I only got $50 even though I deposited enough for the $100. Their reply was to wait for 12/31/2015 for the rest of the promotional credit. Sounded like a generic reply with no backing though.
I had used S00000EEL which had the following conditions
Bonus valid thru 10/31/15. Limited to new savings customers only 1 per customer per account. To receive $50 or $100 bonus: 1) Must apply through HustlerMoneyBlog.com by 10/31/15; and 2) Minimum deposit of $5,000 for $50 Bonus or $10,000 for $100 bonus must be received by 11/15/15. Bonus will be issued by 12/31/15 as credit to the account, which must be open at issue. Bonus is considered interest and will be reported on IRS Form 1099INT. Offer may be modified/withdrawn without notice.
But received $50 today. Called the banker. They were not sure why it was $50 and not $100 credited to my account. Then after taking a break, it came down to me not bringing in new money to the bank but just transferring from checking account. Asked them to put that in the reply to my secure message. I am either getting $100 or discover is advertising false information. Hopefully it will be the former
I opened the account on 10/9 with a last day of 10/31. Discover continues to contemplate whether I will get $100.
I am sorry to hear about your predicament; yet, I am glad to learn about it from your posting before opening Discover Savings that website claimed has to be open by 11/30/2015 but Discover customer service claims that 10/31/1025 is the last day to open an account. Do you know if the last day to open an account is 10/31/2015 or 11/30/2015? Thanks, Greg
I opened an account and deposited $10,000. I received a $50 bonus. When I disputed that the bonus amount should be $100, I received a memo that in 60 days I would receive a response whether they would adjust the amount to $100 or advise me why $50 is correct. Is anyone else getting the wrong bonus amount?
how to take the money out? Is there any free way?
Just spoke with CSR and verified the 10k could be withdrawn the day after deposit and it would qualify for requirements. No minimum balance and no ETF, this offer sounds like a no brainer.
Have you verified this or are you guessing.
usually 90 days
Would like to know this too!
I know T&c say 30 days, but how long is is taking in reality for people to get the 100 bonus?
Is there any current checking account bonus?
Exactly what I want to know. +1 on the question
How long does the 10k have to be in the account and still get the bonus. Can up be put in the account and taken out a day later?
Code S00000EEL is now working fine.
The link now works though looks like it is for new customers only so I guess I’m not eligible since I already have a savings account with them.