New Discover Savings $100 Sign-Up Bonus & Why it is a Great Deal! Open by 7/29/16.
Since it only pays .95% and I already have a 1% savings, I figure the forgone interest is about $6.25 for a month. So its +$93.75 net. If anyone knows of a reason why I shouldn't, please let me know.
This is a copy & paste :
New Discover Savings $100 Sign-Up Bonus & Why it is a Great Deal!
by Shawn Coomer Discover has a new $100 sign-up bonus for their savings account. It is simple, easy and probably worth doing for most people!
Discover Savings Bonus 2016
Discover Bank is offering a $100 bonus for signing up for their online savings account. I personally received this offer in the mail, however I do not believe that it is targeted. Let's take a look and see if it is worth pursuing.The Offer$100 bonus when you open a new account with at least $15,000. Use offer code SAVE616B. Offer LinkKey Terms
•Open by 7/29/16.
•Fund by 8/12/16.
•Offer not valid for existing or prior Discover savings customers.
•Account must be open when bonus is credited.
•Bonus will be credited by 9/12/16.
•Bonus is considered interest and will be reported on IRS form 1099-INT.
Right off the top I should mention that Discover has had a similar bonus in the past with only a $5K deposit requirement. In fact, I opened an account last year with such an offer. With that said, considering you only need to park the $15K in the account for 30 days, this is still a very good deal if you only keep the money in the account for the minimum required time.gs has a $100 sign up bonus.