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Discover Savings Deposit $15,000/25,000 to earn $150/200

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Google "discover savings promo", and the very top should be the offer, which states:
Quote :
*To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account (online, by phone or Discover App) Enter Offer Code GOBR622 when applying. 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. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.
Quote :
What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 30 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 09/15/22, 11:59 PM ET. Offer may be modified or withdrawn without notice.
I am not able to get a clean URL, but it is easy enough to get the offer. The deposit does not need to be direct deposit from employer. An external transfer from other banks or internal transfer from Discover Checking will do. The offer states the bonus will be deposited in 30 days, but in my and my friend's experience, the money was credited the second day my ACH went through.

The APY is low, but it is much better than other big banks. I am actually keeping my money there.





https://www.discover.com/online-b...s-account/
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Created 06-21-2022 at 05:36 PM by sunjayw
in Finance Discover.com
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Joined Feb 2006
Hide da Poke
> bubble2 2,729 Posts
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Neurotic1
07-28-2022 at 02:43 AM.
07-28-2022 at 02:43 AM.
Quote from CleverChicken951 :
Comments are poring in Reddit: after you send money to discover bank, when you try withdrawal (as minimum as $2000), they are locking out the account and canceling transfer, citing fraud prevention.
On top of that, their phone lines have longer wait times, into 3+ hours.
I would guess they are short-staffed.
For all above reasons, I would stay away, and move out funds sooner than later.
How about a link to the Reddit?
Reply
Joined Jan 2007
Natural Bunny Killer
> bubble2 12,356 Posts
MadPup
07-28-2022 at 03:11 AM.
07-28-2022 at 03:11 AM.
Quote from Neurotic1 :
How about a link to the Reddit?
r/churning
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Joined Apr 2005
L10: Grand Master
> bubble2 13,065 Posts
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TidalWaveOne
08-05-2022 at 01:15 PM.
08-05-2022 at 01:15 PM.
Just opened one of these accounts and transferred funds. Had to call them before opening... maybe because there's a fraud alert on my credit profile. Anyway, got the money transferred and the bonus was in the account the next day. Also, they just raised the APY from 1.30% to 1.50% as of August 4th or so.
Reply
Joined Jun 2019
L4: Apprentice
> bubble2 419 Posts
94 Reputation
CleverChicken951
08-05-2022 at 02:00 PM.
08-05-2022 at 02:00 PM.
Quote from TidalWaveOne :
Just opened one of these accounts and transferred funds. Had to call them before opening... maybe because there's a fraud alert on my credit profile. Anyway, got the money transferred and the bonus was in the account the next day. Also, they just raised the APY from 1.30% to 1.50% as of August 4th or so.

Not the best rate so far. 2.3% or so elsewhere, but bonus is bonus.
You may have trouble moving funds out, be prepared.
Reply
Joined Apr 2005
L10: Grand Master
> bubble2 13,065 Posts
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TidalWaveOne
08-05-2022 at 02:07 PM.
08-05-2022 at 02:07 PM.
Quote from CleverChicken951 :
Not the best rate so far. 2.3% or so elsewhere, but bonus is bonus.
You may have trouble moving funds out, be prepared.
Yes, I read the warning.

I just opened a new E*TRADE savings account and will close my citi savings account (1.40% APY). E*TRADE is 2.00%... not the best but higher than most and I already have other E*TRADE accounts.
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Joined Apr 2013
L1: Learner
> bubble2 6 Posts
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Ross183
08-20-2022 at 01:44 PM.
08-20-2022 at 01:44 PM.
Quote from looktar :
In addition to the ibonds, treasurydirect also has notes for 52 weeks that I think offered more than 3% last auction, but there is no way to redeem those early I think.

I just got 3% for a 26 week bill. close to that for 13 weeks
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