Find the latest Discover Bank promotions, bonuses, offers, and rates for January 2022.
Take advantage of the latest rates and offers of $360 bonus for Checking, Savings, CD, Money Market, and IRA 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.
Continue reading to find out more about Discover Bank promotions. Member FDIC.
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Discover Bank Online Savings $150/$200 Bonus + 0.40% APY
Open your Discover Online Savings account today and enjoy a 0.40% APY rate on your funds and a $150 or $200 bonus when meeting certain requirements.
- Promotional Rate: 0.40% APY
- Eligible Account(s): Discover Online Savings Account
- Availability: Nationwide
- Direct Deposit Requirement: None
- Monthly Service Fee: There are no monthly fees with this account.
(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.
How To Earn Bonus
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 12/15/2021 using offer code BDG21
- Fund your first savings account with a minimum deposit of $15,000 within 30 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 12/15/2021 using offer code BDG21
- Fund your first savings account with a minimum deposit of $25,000 within 30 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!
- 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.
$0; There are no fees or minimum balance requirements
Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded or affinity accounts provided by Discover. Account must be open when bonus is credited. Bonus will be credited to the account within 30 days of the account qualifying for the bonus. Bonus is considered interest and will be reported on IRS Form 1099-INT. Offer may be modified/withdrawn without notice.
Discover Cashback Debit $360 Bonus
Earn up to a $360 checking bonus through this offer from Discover Bank.
Open a Discover Cashback Debit Account online and earn 1% cash back on up to $3,000 in debit card purchases each month, which lets you earn up to a total of $360 Debit Card Cashback Bonus per year. If you’re looking into Online Checking accounts, this account is essentially considered a Free Checking account.
- Promotion Link:
- Eligible Account(s): Discover Cashback Debit Account
- Availability: Online Nationwide
- Hard/Soft Inquiry: Soft Pull
- Direct Deposit Requirement: None
- Monthly Service Fee: There are no monthly fees with this account.
(See advertiser website for full details)
There are no monthly fees or monthly balance requirements. With over 60,000 no-fee ATMs in the U.S., Discover is always nearby. Move money easily and securely with just a few clicks or taps (transfers to existing discover accounts are immediate)!
How To Earn $360 Bonus
- Open a new Discover Cashback Debit Account online.
- Enter your information.
- Fund your account. Funding can be done now or later. It’s up to you.
- Start earning 1% cash back on up to $3,000 in debit card purchases each month, up to $360 a year in Cash Back Bonuses.
- Access to over 60,000 free ATMs in the U.S. (uses the Allpoint network; the largest ATM network big online banks use)
- Earn 1% cash back on up to $3,000 in debit card purchases each month
- Free Online Bill Pay (standard with most banks)
- No Cost for Replacement Debit Card (standard with most banks)
- Free Official Bank Check (standard with most banks)
- No Cost for Expedited Delivery for your Replacement Debit Card (good perk; some banks charge for this)
- Free Outbound ACH Transfers (standard with most banks)
- Free Incoming Wire (good perk; most traditional banks charge for this)
There are no monthly fees with this account.
- ATM transactions, the purchase of money orders or other cash equivalents, cash over portions of point-of-sale transactions, Peer-to-Peer (P2P) payments (such as Apple Pay Cash), and loan payments or account funding made with your debit card are not eligible for cash back rewards.
- Purchases made using third-party payment accounts (services such as Venmo® and PayPal™, who also provide P2P payments) may not be eligible for cash back rewards.
- Account must be open at the time the rewards are applied. Offer may be modified or withdrawn without notice.
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.
- Promotional Rate: Up to 1.00% APY
- Eligible Account(s): Discover Bank CD Account
- Availability: Nationwide
- Hard/Soft Inquiry: Soft Pull
- Opening Deposit: $2,500 minimum
- Direct Deposit Requirement: None
- Monthly Service Fee: There are no monthly fees with this account.
(Visit Discover to learn more)
In order to open a CD, you need a minimum deposit is $2,500 and 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 | 0.20% APY |
| 6-Month Term | 0.25% APY |
| 9-Month Term | 0.30% APY |
| 12-Month Term | 0.55% APY |
| 18-Month Term | 0.60% APY |
| 24-Month Term | 0.65% APY |
| 30-Month Term | 0.70% APY |
| 3-Year Term | 0.75% APY |
| 4-Year Term | 0.80% APY |
| 5-Year Term | 1.00% APY |
| 7-Year Term | 1.00% APY |
| 10-Year Term | 1.00% 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.
- Promotional Rate: Up to 1.00% APY
- Eligible Account(s): IRA Certificate of Deposit Account
- Availability: Online Nationwide
- Hard/Soft Inquiry: Soft Pull
- Opening Deposit: $2,500 minimum
- Direct Deposit Requirement: None
- Monthly Service Fee: There are no monthly fees with this account.
(Visit Discover to learn more)
Start today with a minimum deposit of $2,500. Choose from flexible options: Roth (pay now, save later) & Traditional IRAs (earn now, pay later).
| IRA CD Term | APY Rate |
|---|---|
| 3-Month Term | 0.20% APY |
| 6-Month Term | 0.25% APY |
| 9-Month Term | 0.30% APY |
| 12-Month Term | 0.55% APY |
| 18-Month Term | 0.60% APY |
| 24-Month Term | 0.65% APY |
| 30-Month Term | 0.70% APY |
| 3-Year Term | 0.75% APY |
| 4-Year Term | 0.80% APY |
| 5-Year Term | 1.00% APY |
| 7-Year Term | 1.00% APY |
| 10-Year Term | 1.00% 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
- Direct Deposit Requirement: None
- Monthly Service Fee: There are no monthly fees with this account.
Earn 0.35% APY on balances $100,000 and over or earn 0.30% 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.
*Finally, bookmark this page for the latest Discover Bank bonuses and promotions
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