This is a an announcement to check your email for this good deal. Please refrain from the blahblah treasuries and stock market talk. We get it, but this is a great deal for savings.
Got an email as an EXISTING customer. The apy right now for their savings account is at 4.3% now. It's decent but not as good as Marcus (5.45% for me).
However, this deal is depositing 15k and get $150 after only 30 DAYS! (Or 25k for $200).
The yield is better with 15k but 25k isn't bad.
200$ for 25k is around 8.9% yield for 1 month, + 4.35% apy makes this a "no risk" 13% return.
Make sure to check your email!!
If you'd like to claim your bonus, here's how it works–you have $0.05 in your Online Savings Account. Using the $150 bonus as the example:
Deposit New Funds: Add $15,000 to your Account for a total Hold Amount of $15,000.05 by 9/29/2023. You can make one or more deposits of New Funds totaling $15,000 or more before 9/29/2023. New Funds are defined as not currently on deposit at Discover or transferred between Discover accounts. Please allow for deposit processing and hold times as it may result in not meeting the offer end date on 9/29/2023.
Maintain Your Hold Amount: Keep the new Hold Amount of $15,000.05 in your Account until 10/30/2023. You can make additional deposits or withdrawals during this Hold Period provided the Hold Amount remains $15,000.05 or more.
Enjoy Your Bonus: If your Hold Amount is still $15,000.05 or more when the Hold Period ends on 10/30/23, your $150 bonus will be automatically credited to your Account by 11/30/2023.
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If you have Multiple ACCOUNTS At discover already, you could potentially move the money out FROM the other accounts to another institution,and transfer into the specific targeted account to qualify. I did this last year and confirmed.
Just make sure the money has to go DIRECTLY from another financial institution to the specific targeted account to qualify as new money
I did 5 referrals early 2022.. each referral gives 1% bump for 3 months. So that's like 1.25 year of 1% bump...
I did 5 referrals early 2022.. each referral gives 1% bump for 3 months. So that's like 1.25 year of 1% bump...
The yield on the 15k or 25k is effectively around 16%
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But what's doable is moving money FROM another discover bank account to an outside bank, and transfer that in..
What doesn't count is if it directly transfers from that discover bank to the designated one
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