Discover Bank Promotions: $150/$200 Savings Bonus, Up to 4.00% APY for 2025

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

Update 8/13/25:

• Several CD term rates have increased.
• There is no minimum to open a CD account.
• Discover Online Savings is offering 3.50% 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.

Discover® Bank Online Savings $150/$200 Savings Bonus + 3.50% APY 

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

• What you’ll get: $150/$200 bonus + 3.50% 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)

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!

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.

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