Update 2/13/25: Back again. Subject line is ‘<Name>, how’s an extra $200 sound?’ Reach your savings goals sooner—keep a minimum of your Account balance as of 2/11/25, plus $15,000 or $25,000 in New Funds (Hold Amount) from 3/12/25 to 5/11/25
Offer at a glance
- Maximum bonus amount: $200
- Availability: Nationwide, see targeted email
- Additional requirements: Deposit $15,000 for $100 bonus, or $25,000 for $200 bonus
- Expiration date: Fund by 9/16/24, hold through 10/31/24
The Offer
Check your email for the following deal for current Discover savings account holders:
- Add $15,000/$25,000 in New Funds from an external source directly to your Account ending in (xxxx) by 9/16/24. You can make one or more deposits between 8/29/24 and 9/16/24. Internal transfers are ineligible.
- Maintain the balance until the end of the Hold Period on 10/31/24.
- Enjoy your bonus – your $100/$200 bonus will be automatically credited to your account by 11/30/24.
No enrollment necessary for those who received this email offer.
The Fine Print
- To qualify for a Savings Boost Bonus, deposit directly to Account ending xxxx (Account) a Required Deposit Amount (RDA) of $15,000 in New Funds (i.e., not currently on deposit at Discover) to earn $100 Bonus OR $25,000 in New Funds to earn $200 Bonus between 08/29/2024 and 09/16/2024 11:59 PM ET (Funding Period). Additionally, maintain a minimum of your Account balance as of 08/27/2024 11:59 PM ET plus RDA (Hold Amount) from 09/16/2024 11:59 PM ET to 10/31/2024 11:59 PM ET. RDA may consist of multiple deposits made during Funding Period. RDA funds must be credited to Account by end of Funding Period. Any funds added over qualifying Hold Amount are excluded from Hold Period requirements. Maximum Bonus eligibility is $200. Offer available only for Account ending xxxx and is non-transferable. Account must be open when Bonus is credited by 11/30/2024.
- Bonus is considered interest and will be reported on IRS Form 1099-INT.
- Offer may be modified/withdrawn.
Our Verdict
This offer was sent out to many/most of us via email (subject: <your name> how’s an extra $200 sound?), but not to everyone. (I’m not aware of any signup bonus from Discover for new accounts available at the moment.) I love these kinds of offers for accounts I already own since it’s an easy transfer to get the bonus.
Discover always offers a pretty decent savings APY rate on their savings account and so there isn’t any downside to tying up your funds in the account for 1.5 months. Easy win for someone with the $15k/$25k cash.
