April 27, 2025

Best Discover Bank Bonus for April 2025

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Want to get cash bonuses on a Discover® Bank Online Savings Account? Read on to learn about the promotions currently available.

Online banks like Discover® Bank typically offer higher interest rates for your savings. But more than that, Discover offers limited-time bonuses, which can be a sweet cherry-on-top.

If you're interested in opening with Discover, learn how to qualify for the bonuses and maximize your earnings below.

What is Discover® Bank Online Savings?

The Discover® Bank Online Savings account allows you to earn a higher interest rate than traditional banks at 3.60% APY, beating the national savings average.[1]

Here are the other features you'll get:

  • No monthly fees.
  • No minimum opening deposit.
  • No monthly balance requirements.
  • 100% US-based customer service available 24/7.
  • FDIC-insurance.

However, to earn bonus cash, you'd need to meet the minimum initial deposit requirement.

What is Discover Bank?
Discover® Bank is an online bank owned by Discover Financial Services, the company behind the Discover credit card. It offers traditional banking products like checking, savings, and CD accounts, plus various loans, including home equity.

It offers high APY, no fees, and good customer service. You can read our full review to learn more.

How to Claim the Bonus

Terms and conditions may be specific for each limited-time promotion. But here's how to earn a Discover® Bank Online Savings bonus:

If you're looking for bonuses beyond what Discover® Bank offers, check out these savings account promotions to find other great deals.

How to Open an Account

You can open an online savings account with Discover (and potentially earn the bonus) in four steps:

  1. Start your application using the links provided, so the promo code will be applied.
  2. Fill out the form by providing basic personal information (name, SSN or EIN, contact details, etc.)
  3. Enter the offer code if needed. But this should be automatically populated when you apply through the links.
  4. Deposit your money.

You can deposit your money in multiple instances based on the allotted timeline to deposit the qualifying amount.

How to Deposit Money in Your Account
You can deposit money by using a mobile check deposit, transferring funds from another bank account, mailing a check, or setting up direct deposit.

Bonus Terms

Here are the most important items to remember regarding the bonus terms:

  • You must deposit at least $15,000 for a $150 bonus and $25,000 for a $200 bonus. Qualifying deposit(s) may consist of multiple deposits and must be made within 45 days of opening the account.
  • Offer is not valid for existing or prior Discover savings customers.
  • Bonus eligibility is based on the primary account owner.
  • The bonus cash will be added to your account within 60 days of qualifying for it. Your account must still be open by then.
  • Your bonus is considered taxable income.

Be sure to still check the fine print of any offer you're eyeing.

What is the Discover $15,000 deposit bonus?
If you're a first-time customer at Discover, you can earn $150 in bonus cash just by depositing at least $15,000. Just make sure to use the promo links in this article to take advantage of the offer.

Are Discover Bonuses Worth It?

Yes, Discover bonuses are worth it, especially if you qualify. Discover® Bank already offers competitive interest rates and no monthly fees.

So, if you have the cash to meet the deposit requirement, the bonus can be a great deal.

How to get a 200 bonus from Discover?
To get a $200 bonus from Discover, deposit at least $25,000 as a first-time customer. The promo links in this article can help you get started.

Discover Locations

Discover is an online bank, which means you can't really walk into a neighborhood branch to do business and ask questions.

However, Discover has 2 physical locations in Delaware:

  • A full-service bank at 502 E. Market Street, Greenwood, DE
  • An administration office at 800 Prides Xing, Ste 100, Newark, DE

If you need cash, you can withdraw cash surcharge-free at any of the 60,000+ Allpoint® or MoneyPass® ATMs. In the US, Allpoint® ATMs can be found in popular stores like Target, Costco, Speedway, Safeway, and drugstores.

While there is no longer a federally imposed limit on withdrawals, Discover may still recommend limiting certain transactions. If you need to withdraw money from your Discover® Savings Account, your options include internal Discover transfers, external transfers to another bank, wire transfers (with a fee), and mailed checks.

Discover® Bank Online Savings Bonus Alternatives

If you're uncertain about Discover's bonuses, check out its alternatives. You can also choose from the best online savings accounts for more options.

Bottom Line

Discover Bank is an online bank that offers one of the best interest rates in the country. By qualifying for a bonus, you can even make more out of your money. It's a great deal if you're already leaning towards Discover.

However, if you find the requirements a little out of reach, or if you're looking for other banking features, you can always check out its alternatives. Some banks offer $1,000 to $2,000 bonuses.

References

  1. ^ Discover Bank. Online Savings Account, Retrieved 03/22/2025
Discover Bank
Member FDIC

Discover® Online Savings - $200 Cash Bonus

Expires 9/11/2025

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY325 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.

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. See advertiser website for full details.

Chase
Member FDIC

Chase Total Checking® - $300 Bonus

Expires 7/16/2025
  • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
  • Chase Mobile® app - Manage accounts, pay bills, send money to friends with Zelle® and deposit checks from almost anywhere.
  • Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
  • Help keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock.
  • Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law.
  • With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs.
  • Open your account online now
  • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
Bank of America
Member FDIC

Bank of America Advantage Banking - $300 Bonus Offer

Expires 5/31/2025
  • The $300 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
  • The offer is for new checking customers only.
  • Offer expires 05/31/2025.
  • To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
  • Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
  • Additional terms and conditions apply. See offer page for more details.
  • *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
  • Bank of America, N.A. Member FDIC.
U.S. Bank
Member FDIC

U.S. Bank Business Essentials - $500 Bonus

Expires 6/30/2025

Promo code Q2AFL25 MUST be used when opening a U.S. Bank Business Essentials, Silver, or Platinum Business Checking account. Limit of one bonus per business. A $100 minimum deposit is required to open one of the referenced accounts.

Earn your $500 Business Checking bonus by opening a new U.S. Bank Business Essentials or Silver Business Checking account between 4/3/2025 and 6/30/2025. You must make deposit(s) of at least $5,000 in new money within 30 days of account opening and thereafter maintain a daily balance of at least $5,000 until the 60th day after account opening. You must also complete 5 qualifying transactions within 60 days of account opening.

Qualifying transactions include debit card purchases, ACH credits, Wire Transfer credits and debits, Zelle credits and debits, U.S. Bank Mobile Check Deposit or Bill Pay. Other transactions such as (but not limited to) other Person to Person payments, transfers to credit card or transfers between U.S. Bank accounts are not eligible.

New money is considered money that is new to U.S. Bank. Funds must come from outside U.S. Bank and cannot be transferred from another U.S. Bank product or a U.S. Bank Affiliate. For accounts opened on non-business days, weekends or federal holidays, the open date is considered the next business day. Account fees (e.g., monthly maintenance, paper statement fee, etc.) could reduce the qualifying daily balance, therefore you must make deposit(s) to cover the fees to maintain the daily balance during the qualifying period to be awarded the bonus. Refer to the Business Pricing Information or Business Essentials® Pricing Information Document for a list of fees.

Bonus will be deposited into your new eligible U.S. Bank Business Checking account within 30 days following the last calendar day of the month you complete all of the offer requirements, as long as the account is open and has a positive available balance.

Offer may not be combined with any other business checking account bonus offers. Existing customers (businesses) with a business checking account or customers (businesses) who had an account in the last 12 months, do not qualify.

All regular account-opening procedures apply. For a comprehensive list of checking account pricing, terms and policies, reference your Business Pricing Information or Business Essentials® Pricing Information and YDAA disclosure. These documents can be obtained by contacting a U.S. Bank branch or calling 800.872.2657.

Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. Current U.S. Bank employees are not eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice. Member FDIC

CIT Bank
Member FDIC

CIT Bank Platinum Savings - $300 Bonus

  • Transfer a one-time deposit of $50,000+ for a Bonus of $300
  • 4.10% APY with a balance of $5,000 or more
  • 0.25% APY with a balance of less than $5,000
  • No monthly maintenance fee
  • Member FDIC
Terms and Conditions

Stella Magay is a research analyst at CreditDonkey, a bank comparison and reviews website. Write to Stella Magay at stella.magay@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

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About Discover Bank

Discover® Bank offers some of the highest interest rates for its savings account. In addition, Discover offers cashback checking. There are no fees for checking and savings accounts.

About CreditDonkey
CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

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