Discover Savings: Grab $500 Bonus with $50K Deposit!
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Discover Bank is offering a lucrative promotion for its online savings account: a bonus of up to $500 for new customers. To qualify for the maximum $500 bonus, you need to deposit $50,000 within 45 days of opening the account using the promo code BONUS525D2. A lower deposit of $15,000 will earn a $150 bonus. The account boasts a competitive 3.60% APY. This promotion is available nationwide, but existing or former Discover savings account holders are ineligible. The offer is valid until June 11, 2025. There are no monthly fees or early closing fees; however, the account must remain open until the bonus is credited (within 60 days of qualification). Importantly, the $50,000 deposit doesn't need to be a lump sum; it can be made in installments within the 45-day timeframe. Once the bonus is earned, the deposited funds can be withdrawn. This promotion presents a significant opportunity for those with substantial funds to earn a considerable return. While the high deposit requirement might limit eligibility, the substantial bonus and competitive interest rate make it appealing to those who qualify. This bonus is tax reportable. The article further suggests that exploring bank bonuses like this can be a fruitful way to supplement income, with the author claiming to have earned over $6,000 in 2022 from similar offers. The author also provides links to additional bank bonus resources for those interested in learning more or finding alternative offers.
(Source: https://dannydealguru.com/discover-savings-500-bonus/)
