Discover is one of my favorite online banks because they don’t charge fees on their checking or savings accounts. If you’re looking for a new savings account, now might be the perfect time. Through March 13, 2025, you can take advantage of the Discover high-yield savings bonus, which allows you to earn up to $200 based on how much you deposit into your new account.
Here’s everything you need to know to get started.
How to Earn the Discover Savings Bonus
- Sign up for a new Discover savings account by clicking the button below and using the offer code GBPE924.
- Within 45 days of opening your new account, deposit at least $15,000 to earn a $150 bonus or deposit at least $25,000 to earn a $200 bonus.
Your bonus will be deposited into your new Discover savings account within 45 days of completing the requirements.
Discover Savings Account Features
When you sign up for a Discover savings account, not only will you have the chance to earn a generous bonus, but you’ll also be able to take advantage of several other benefits that come with the account. Here’s a snapshot of the features that are included.
- 3.75% APY: You can earn a 3.75% APY on all savings account balances.
- No Fees: There are never any fees with a Discover savings account. This includes no monthly maintenance fees or insufficient funds fee.
- Interest Compounds Daily: Unlike most savings accounts that compound interest monthly, interest on the Discover savings account will compound daily and get paid out monthly.
- FDIC Insured: Your savings account includes FDIC deposit insurance of up to $250,000.
Discover Account Fees
Discover doesn’t charge any fees for their online savings account. This includes no monthly maintenance fees or fees for insufficient funds.
Discover Bank Locations
Since Discover is an online bank, it’s available to customers in all 50 states.
How Does This Discover Savings Account Bonus Stack Up?
Want to compare this Discover saving bonus to what else is available? Here are some other promotions to consider. Make sure you also check out the other Discover promotions.
Capital One 360 Performance Savings
Earn up to a $1,500 cash bonus when you make qualifying deposits.
Barclays Tiered Savings
Earn a $200 bonus when you open a Barclays Tiered Savings Account and make qualifying deposits.
TD Simple Savings
Earn a $200 bonus when you sign up for a TD Simple savings account and complete qualifying deposits.