Interested in opening an interest bearing account such as the Discover® Online Savings Account? Available nationwide, the Discover Bank Savings Account is currently offering a $200 or $150 bonus along with 3.70% APY.

Discover Bank is FDIC-insured AND there are no monthly fees, no minimum balance requirements, and you won’t be charged for simply having an account – there really is no comparison when it comes to investing your savings with Discover.

Discover Bank Online Savings Account Summary

Open a Discover® Online Savings Account for all these features: • Earn $200/$150 Bonus with promo code LOP325 by 9/11/2025 • Earn high interest rate of 3.70% 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 To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code LOP325 at application, 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. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200. Apply Now at Discover What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank.

Discover Bank Online Savings Information

• Bonus Offer: $150 or $200
• Account Type: Discover Bank Online Savings Account
• Availability: Nationwide
• Credit Funding: None
• Opening Deposit Requirement: None
• Monthly Service Fee: None
• Early Termination Fees: None

(Visit Discover for more details)

How To Earn Discover Online Savings Bonus

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code LOP325 at application, 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. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.

To Earn $150 Bonus:

• Must be a new Discover Bank Online Savings Account customer
• Apply for your first Discover Online Savings Account through BankDealGuy.com by 9/11/2025 using offer code LOP325
• Fund your first savings account with a minimum deposit of $15,000 within 45 days of account open date.
• Finally, verify information and electronically sign your application. They may ask your to verify some information on your credit report such as old addresses or loans.
• As a result, you’ll earn your $150 Discover Savings Bonus!

To Earn $200 Bonus:

• Must be a new Discover Bank Online Savings Account customer
• Apply for your first Discover Online Savings Account through BankDealGuy.com by 9/11/2025 using offer code LOP325
• Fund your first savings account with a minimum deposit of $25,000 within 45 days of account open date.
• Finally, verify information and electronically sign your application. They may ask your to verify some information on your credit report such as old addresses or loans.
• As a result, you’ll earn your $200 Discover Savings Bonus!

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.

Fine Print

What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank.

Author’s Verdict

This Discover Bank Online Savings Account offers an outstanding return rate compared to your brick and mortar and several online institutions.

Definitely the smarter route to take if you’re stuck between opening a savings account at your local bank or an online bank.

For more, view our list of the latest Discover Bank offers or compare to other bank promotions.