Discover Bank Promotions: Earn Up to 4.00% APY Savings, CD for 2025

Interested in banking with Discover® Bank? Find the latest Discover Bank promotions, bonuses, offers, and rates here.

Update 10/10/25:

• The 12, 24, 60 month term CD rates have decreased.
• There is no minimum to open a CD account.
• Discover Online Savings is offering 3.40% APY.

Take advantage of the latest rates and offers of $150, $200, or $360 bonus for Checking, Savings, CD, Money Market, and IRA promotions.

Continue reading to find out more about Discover Bank promotions. Member FDIC.

Discover® Bank Online Savings 3.40% APY 

Open your Discover Online Savings account today and enjoy earning a competitive rate on your funds.

• What you’ll get: 3.40% APY
• Eligible Account(s): Discover Online Savings Account
• Availability: Nationwide
• Monthly Service Fee: $0; There are no fees or minimum balance requirements

(Visit Discover to learn more)

With this online savings account, there is no minimum opening deposit, no minimum balance requirement, and no monthly fees. In addition, you can manage your account online or with the Discover mobile app. However keep in mind that your Discover Online Savings Account is also FDIC insured, up to $250,000.

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.

Discover® Certificate of Deposit

Earn a competitive APY when opening a new CD account.

Easily open a new Discover CD Account and get some of the highest and most competitive rates! Select terms as short as 3 months up to 120 months.

• Eligible Account(s): Discover Bank CD Account
• Availability: Nationwide
• Hard/Soft Inquiry: Soft Pull
• Opening Deposit: None
• Monthly Service Fee: There are no monthly fees with this account.

(Visit Discover to learn more)

The interest rates have been consistently competitive with terms as short as 3 months to 120 months long.

This Discover Bank CD Account offers a phenomenal return rate. To qualify for any of the listed rates, simply select the respective terms. Discover Bank’s rates have been consistently competitive with terms as short as 3-months up to 120-months.

Definitely the route you would want to take for a guaranteed risk-free income as the rate on traditional savings accounts can fluctuate.

Author’s Verdict

Here you will always find an updated list of Discover Bank promotions. In fact, Discover Bank Promotions are some of the best available whatsoever. By signing up to bank with Discover you will also receive services and perks that cannot be met by smaller banks.

Alternatively, you should definitely compare Discover bonuses to some from our full list of  Bank Promotions.

Discover Bank is an online-only bank with no retail branches. However, they are still able to offer Checking, Savings, Money Market, CD, and IRA CD accounts. On the other hand be sure to compare Discover account rates to some of the nation’s best Savings Rates and CD Rates.

*Finally, bookmark this page for the latest Discover Bank bonuses and promotions