- Editor Rating
- Rated 3.5 stars
- Very Good
- Discover Online Savings Promotions
- Reviewed by:
- Published on:
- Last modified:
- PopularityEditor: 90%
- Worthwhile?Editor: 85%
- AvailabilityEditor: 75%
- FeaturesEditor: 90%
Discover Bank Online Savings has a $100 promotion available for new customers.
This Savings Account from Discover is gaining a lot of popularity and offers a great rate: 0.95% APY currently.
Discover Savings review highlights:
- Current promotional offers
- Savings account rates and features
- See all my Discover Bank reviews
- See my Best Bank Promotions List
$100 Bonus For Discover Savings:
This $100 bonus may not last long so take advantage of it while you can.
- Promotion Link: $100 Discover Savings Promotion
- Expiration: 03/31/2016
- Bonus Amount: $100
- Related Bonus/Account: Discover Checking
- Competitor Bonus: Chase Savings Coupon, Capital One 360 Savings
- Account(s) Eligible: Discover Online Savings Account
- Availability: Nationwide
- Direct Deposit Requirement: None
- Monthly Service Fee: None
- Other Requirements:
- New Discover Savings customers only
- Must use offer code shown on offer page
- A minimum deposit of $15,000 must be received by 04/15/2016
- Bonus will be issued by 05/15/2016 as a credit to the account, which must be open at issue.
- Bonus is considered interest and will be reported on IRS form 1099-INT
Discover Online Savings Account Features:
- Current Rate: 0.95% APY for all balances. This is typically higher than rates you can get with your local big bank.
- Minimum Opening Deposit: $500
- Monthly Fee: Free, with no minimum balance required.
- Interest Compounded/Paid: Daily/Monthly
- Always Free: Official bank checks and expedited delivery for them, incoming wire transfers.
- Important Fees:
- Deposited item returned: $15 per item
- Excessive withdrawal fees: $15 per item (Federal law limits certain types of withdrawal and transfers to a combined total of 6 per calendar month per account)
- Stop payment order for 6 months: $15
- Insufficient funds: $30(1 fee max per day)
- Online Management: Manage your account online or via the mobile app.
Discover Savings account promotions aren’t always available, so take advantage of them while they’re available.
- Great free Online Savings account from a major, reputable bank.
- Higher rate for all balances than most major local banks.
- Sign-up bonus a good incentive when available.
- No access to a physical branch if that’s your preference