Interested in banking with Discover® Bank? Find the latest Discover Bank promotions, bonuses, offers, and rates here.
Update 11/21/24:
- There is now no minimum to open a CD account.
- Rates have slightly decreased.
- Discover Online Savings is offering 3.90% APY while their Debit Cashback account gets you $360 cash back.
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.
| PROMOTIONAL LINK | OFFER | REVIEW |
| Discover® Bank Online Savings terms apply | 3.90% APY | 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 |
| Discover® Checking | $360 Cash Back | Review |
Discover® Cashback Debit – Up to $360 Bonus
The Discover Cashback Checking account is a great option if you’re looking into Online Checking accounts. You can earn 1% cash back on all debit card purchases each month(up to $3,000) to earn up to $30/month in cash back reward. See website for full details.
- Cashback – Earn 1% cash back on up to $3,000 in debit card purchases each month
- No. Fees. Period. That means you won’t be charged an account fee on our Cashback Debit account.
- Early Pay – Get your paycheck up to two days early with no charge
- No credit impact – You can apply without affecting your credit score.
- Fraud Protection – You’re never responsible for unauthorized debit card purchases. If you suspect someone else has used your debit card without your permission, let us know.
- Add Cash – Add cash into your account at Walmart stores nationwide.
- Apply in minutes – Applying for a Cashback Debit account is simple and fast.
- Fee free overdraft protection
(See advertiser website for full details.)
Discover® Bank Online Savings 3.90% APY
Open your Discover Online Savings account today and enjoy earning a competitive rate on your funds.
- What you’ll get: 3.90% 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.
| CD Term | APY Rate |
|---|---|
| 3-Month Term | 2.00% APY |
| 6-Month Term | 3.70% APY |
| 9-Month Term | 3.80% APY |
| 12-Month Term | 4.10% APY |
| 18-Month Term | 3.80% APY |
| 24-Month Term | 3.60% APY |
| 30-Month Term | 3.50% APY |
| 3-Year Term | 3.50% APY |
| 4-Year Term | 3.40% APY |
| 5-Year Term | 3.40% APY |
| 7-Year Term | 3.40% APY |
| 10-Year Term | 3.40% APY |
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.
Discover® Bank IRA CD Rate Promotion
Open a new Discover IRA CD Account online today to gather your retirement savings into one place. Select terms as short as 3 months up to 120 months and earn a competitive APY.
- Eligible Account(s): IRA Certificate of Deposit Account
- Availability: Online Nationwide
- Credit Inquiry Inquiry: Soft Pull
- Opening Deposit: None
- Monthly Service Fee: There are no monthly fees with this account.
(Visit Discover to learn more)
Choose from flexible options: Roth (pay now, save later) & Traditional IRAs (earn now, pay later).
| IRA CD Term | APY Rate |
|---|---|
| 3-Month Term | 2.00% APY |
| 6-Month Term | 3.70% APY |
| 9-Month Term | 3.80% APY |
| 12-Month Term | 4.10% APY |
| 18-Month Term | 3.80% APY |
| 24-Month Term | 3.60% APY |
| 30-Month Term | 3.50% APY |
| 3-Year Term | 3.50% APY |
| 4-Year Term | 3.40% APY |
| 5-Year Term | 3.40% APY |
| 7-Year Term | 3.40% APY |
| 10-Year Term | 3.40% APY |
This Discover Bank IRA Certificate of Deposit Account offers a phenomenal return rate on your funds. To qualify for the listed rates, simply select the respective term. 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.
Discover® Bank Money Market Promotion
Open an Money Market Account with Discover today and start earning interest.
The Discover Money Market Account allows you to earn high yields with flexible access to your cash. No hidden fees. No surprises. Get started with as little as $2,500.
- Eligible Account(s): Money Market Account
- Availability: Online Nationwide
- Hard/Soft Inquiry: Soft Pull
- Monthly Service Fee: There are no monthly fees with this account.
Earn 3.75% APY on balances $100,000 and over or earn 3.70% APY on balances under $100,000. You can get easy cash access via debit or check, or via ATM at over 60,000 no-fee ATMs.
(Visit Discover for more details)
How To Earn Rate
- Open a new Discover Money Market Account online.
- Enter your information.
- Fund your account by making a minimum opening deposit of $2,500. You can send them a check or transfer funds from an existing bank account.
- Verify your information and start earning the listed APY Rate.
- Minimum balance fees
- Withdrawals at over 60,000 ATMs nationwide
- Replacement debit card
- Standard checks
- Official bank check
- Online bill pay
- Expedited delivery for debit card replacement
There are no monthly fees with this account.
- $2,500 minimum balance to avoid the $10 Minimum Balance Fee.
- Offer may be modified or withdrawn without notice.
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
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