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BONUS $150* Deposit at least $15,000 by 9/29/2023 and maintain your "Hold Amount" until 10/30/2023. See below for further details and an example of how it works.
OR
BONUS $200* Deposit at least $25,000 by 9/29/2023 and maintain your "Hold Amount" until 10/30/2023. See below for further details and an example of how it works.
OR

Here's how it works

For example, to get the $150 bonus, if your Account Balance on 9/6/2023 is $5,000, take these steps:

  • Deposit New Funds

    Add $15,000 to your Account for a total of $20,000 by 9/29/2023 11:59PM ET. You can make one or more deposits as long as new funds total $15,000 or more by the deadline. Please be mindful of and allow for deposit processing and hold times as it may result in not meeting the "deposit by" date.

  • Maintain Balance

    Keep the new balance of $20,000 ($5,000 Account Balance + $15,000 in new funds) in your Account until 10/30/2023 11:59PM ET. You can make additional deposits or withdrawals during this hold period as long as the balance remains $20,000 or more.

  • Enjoy Bonus

    If your balance is still $20,000 or more when the hold period ends, your $150 bonus will be automatically deposited into your account by 11/30/2023.

Savings Boost Bonus FAQ

To qualify for the Savings Boost Bonus, you must meet all of the following requirements:

Important: Customers with an existing Online Savings Account were selected at random to receive the offer. Only one account per customer is eligible. The offer is non-transferable. No promotion code or enrollment is needed. You do not need to use the links provided in the email or on this page to deposit funds.

  • By September 29, 2023, deposit a total of $15,000 in new money (e.g., not currently on deposit at Discover) to qualify for a $150 bonus or a total of $25,000 in new money to qualify for a $200 bonus (this amount is referred to as the “Required Deposit Amount” or “RDA”). The deposit(s) must be credited to the Account between September 8, 2023 and September 29, 2023 at 11:59 PM ET (“Funding Period”); you may make multiple deposits to fulfill the RDA requirement. 
  • Between September 29, 2023, 11:59 PM ET and October 30, 2023, at 11:59 PM ET (“Hold Period”), maintain a minimum of your Account Balance on September 6, 2023, at 11:59 PM ET plus the RDA (Account Balance as of September 6, 2023, and the RDA requirements combined are referred to as the "Hold Amount"). Please see the example above and the Savings Boost Bonus Promotion email for further details. 
  • Keep the Account open; Account must be open for the bonus to be credited. The bonus will be credited to your Account by November 30, 2023.

No. You can deposit funds into the Account using any of the deposit methods we offer (e.g., initiate a transfer in the Account Center from an external bank, transfer money from your external bank into your Online Savings Account, mail a check, send a wire transfer, etc.) during the Funding Period between September 8, 2023, and September 29, 2023, at 11:59 PM ET. You can also make multiple deposits.

Note: We don't assess a service charge for receiving domestic wire transfers or international wire transfers in U.S. dollars. Your other bank may charge you.

No. The qualifying total deposited new funds must be credited directly from an external account to the selected Account by September 29, 2023, at 11:59 PM ET to be eligible (i.e., the deposit has cleared, and funds are in the account). Please be mindful of and allow for deposit processing and hold times as it may result in not meeting the deposit by date.

No. If your Account Balance falls below the Hold Amount (a minimum of your Account Balance as of September 6, 2023 at 11:59 PM ET, plus the newly deposited funds “RDA”) during the Hold Period, no bonus will be awarded.

  • If you deposit a total of $25,000 or more in funds new to Discover, you’ll be eligible to qualify for a $200 bonus.
  • If you deposit a total between $15,000 and $24,999.99 in funds new to Discover, you’ll be eligible to qualify for a $150 bonus.
  • If you deposit a total of $14,999.99 or less, you will not be eligible for a bonus.

Remember: If your Account’s balance falls below your required Hold Amount (a minimum of your Account Balance as of September 6, 2023 at 11:59 PM ET plus the “RDA”) during the Hold Period (between September 29, 2023, at 11:59 PM ET and October 30, 2023, at 11:59 PM ET), no bonus will be awarded.

Please see the example above and the Savings Boost Bonus Promotion email for further details on your required Hold Amount. Any funds added over your qualifying Hold Amount are excluded from Hold Period requirements.

Yes—we’ll notify you via email on or around November 14, 2023. If you've met the Required Deposit Amount and fulfilled the Hold Period requirements, we'll send you an email confirming that you've qualified, and your bonus is on the way.

If you meet the bonus qualifications, the bonus will be credited to your Account on or before November 30, 2023.

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