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Kick-start your savings with a $150 or $450 with Discover when you deposit $15000 to $35,000

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Discover bank is offering $150 - $450 First-time savings customers when you deposit $15,000 to $35,000

*To get your $150 or $450 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code BONUS1022E 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 $35,000 to earn a $450 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $450.
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 11/8/2022, 11:59 PM ET. Offer may be modified or withdrawn without notice.

https://www.discover.com/online-b...k_loc=BODY
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Kick-start your savings with a $150 or $450 with Discover when you deposit $15000 to $35,000
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Joined Nov 2013
L6: Expert
> bubble2 1,637 Posts
47 Reputation
ndj123
10-23-2022 at 10:28 AM.
10-23-2022 at 10:28 AM.
Quote from dealseeker50 :
This deal is inferior to Citi's deal. $30k yields $500.
Good luck with CITI. Never received account pin.
Reply
Joined Jun 2019
L4: Apprentice
> bubble2 419 Posts
94 Reputation
CleverChicken951
10-23-2022 at 10:33 AM.
10-23-2022 at 10:33 AM.
Quote from NeedBargain :
Does anyone know the maximum amount of transfer out of Discover acct they permit and how often they let you do that ?

My response doesn't answer your question directly but:
Wellsfargo has incoming fund limitation of 10k in a month for personal checking/savings, which means if you were to move funds from discover to WF more than 10k in a month, transfer will likely fail and funds return to discover.
FYI
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Joined Apr 2006
L6: Expert
> bubble2 1,204 Posts
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typesdragon
10-23-2022 at 10:34 AM.
10-23-2022 at 10:34 AM.
Only 30 days to earn the $450, too bad I have discover saving already but have a zero balance for years. They should really open this to all existing as long as it is new money transfering in.
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Joined Nov 2013
L6: Expert
> bubble2 1,637 Posts
47 Reputation
ndj123
10-23-2022 at 10:37 AM.
10-23-2022 at 10:37 AM.
Quote from Dealer_Of_Slickness :
But $450 in 30 days > $500 in 60 imo..

Edit: IF you have $35k vs the $30k for Citi..
Its not really clear how long we need to keep cash there "Bonus will be credited to the account within 30 days of the account qualifying for the bonus" - this could mean within 30 days AFTER account qualifies, i.e. AFTER holding cash there for x days.

Anybody has link to more precise offer terms?
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Joined Oct 2011
L3: Novice
> bubble2 289 Posts
428 Reputation
rcp1981
10-23-2022 at 10:46 AM.
10-23-2022 at 10:46 AM.
Quote from Dealer_Of_Slickness :
But $450 in 30 days > $500 in 60 imo..

Edit: IF you have $35k vs the $30k for Citi..
Plus you earn $68.54/mo interest at 2.35% compared to $0 on the Citi checking account. So you'll get over $500 ($518.54) in 30 days.
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Joined Jun 2015
L4: Apprentice
> bubble2 408 Posts
141 Reputation
badger1440
10-23-2022 at 11:07 AM.
10-23-2022 at 11:07 AM.
Quote from dealseeker50 :
This deal is inferior to Citi's deal. $30k yields $500.

https://banking.citi.com/cbol/pri...63DBBBFA6A
Since Citi goes into Jan 2023, theres no need to choose, Do the Discover now, and the Citi after the bonus hits your account.

Remember to figure in the 2.35% for Discover, vs Citi
1
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Joined Apr 2006
L7: Teacher
> bubble2 2,850 Posts
316 Reputation
aqan
10-23-2022 at 11:18 AM.
10-23-2022 at 11:18 AM.
Quote from dealseeker50 :
This deal is inferior to Citi's deal. $30k yields $500.

https://banking.citi.com/cbol/pri...63DBBBFA6A
Does citi offer any good CDs? I'm afraid their Interest rate will be pretty crappy.
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Joined Oct 2022
L2: Beginner
> bubble2 65 Posts
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CoralRose466
10-23-2022 at 11:20 AM.
10-23-2022 at 11:20 AM.
It seems if you have a IRA account, then this will not qualify. My friends father when called, then he was told having an IRA saving account disqualify for this promotion.
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Joined Jan 2006
L6: Expert
> bubble2 1,665 Posts
331 Reputation
Pro
jmandawg
10-23-2022 at 03:00 PM.
10-23-2022 at 03:00 PM.
Quote from CoralRose466 :
It seems if you have a IRA account, then this will not qualify. My friends father when called, then he was told having an IRA saving account disqualify for this promotion.
Rule #1 of slickdeals, never call.
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Joined Oct 2009
L6: Expert
> bubble2 1,063 Posts
258 Reputation
enforcer2133
10-23-2022 at 03:18 PM.
10-23-2022 at 03:18 PM.
The Discover is much easier to setup, work with, transfer, etc. Plus, the bonus posts way faster.
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Joined Nov 2021
L2: Beginner
> bubble2 41 Posts
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SmilingBanana1125
10-23-2022 at 03:21 PM.
10-23-2022 at 03:21 PM.
I can't personally vouch for this, but supposedly the Discover savings promotions are based on cumulative deposits unlike most other accounts.

i.e. You can deposit 5k, withdraw it, then deposit again until you hit 35k total deposits to achieve the bonus. There are even DPs saying that you can move money between other Discover accounts like checking/money market to do this.
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Joined Dec 2007
L5: Journeyman
> bubble2 711 Posts
69 Reputation
wolfpac
10-23-2022 at 10:46 PM.
10-23-2022 at 10:46 PM.
Quote from dealseeker50 :
This deal is inferior to Citi's deal. $30k yields $500.

https://banking.citi.com/cbol/pri...63DBBBFA6A
I trust Discover more than citi which has horrible customer service and reputation. Citi also known to steal money from customers, i had close to 3k stolen by them when they close my cc without my consent and remove all my thankyou points
1
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Joined Feb 2007
L6: Expert
> bubble2 1,666 Posts
186 Reputation
techie333
10-23-2022 at 11:01 PM.
10-23-2022 at 11:01 PM.
Discover is way better than 95% of the other banks in pretty much every department. I'm a bonus churner and use them as my base primary account. This 450 bonus at discover is rare for them. They will likely pay out in a few days of the transfer and you can pull out the funds right away as there's no hold in account requirement but I'd keep it in
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Joined Oct 2013
L6: Expert
> bubble2 1,234 Posts
299 Reputation
Boz1
10-24-2022 at 05:35 AM.
10-24-2022 at 05:35 AM.
Quote from CoralRose466 :
It seems if you have a IRA account, then this will not qualify. My friends father when called, then he was told having an IRA saving account disqualify for this promotion.
Yeah. This is a big problem. I also called, and was told having an IRA does NOT disqualify me from getting the $450 bonus on a new $35,000 savings account! But I don't want to go to the trouble of opening an account if I won't get the $450.

I wish the CSRs knew better what they are talking about, or at the very least don't give different answers to the same questions.
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Joined Nov 2010
HA
> bubble2 873 Posts
256 Reputation
luniz97
10-24-2022 at 08:16 AM.
10-24-2022 at 08:16 AM.
Quote from CleverChicken951 :
My response doesn't answer your question directly but:
Wellsfargo has incoming fund limitation of 10k in a month for personal checking/savings, which means if you were to move funds from discover to WF more than 10k in a month, transfer will likely fail and funds return to discover.
FYI
What do you mean an incoming fund limitation of 10k in a month? Do you have a link to this? I have transferred 6 figures plus into my checking account without any issues.
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