DOC Compass — Offers, decoded

Bonus has expired, but there is a better offer now available for $150/$200, click here to view that.

Bonus is expiring soon, as it’s one of the best savings accounts we are reposting. Make sure you regularly check the deals calendar so you can view what deals are expiring soon.

Offer at a glance

Maximum bonus amount: $100
Availability: Nationwide
Direct deposit required: None
Additional requirements: Deposit $15,000
APY: 1.10%
Initial Deposit: None
Hard/soft pull: Soft
ChexSystems: Checking does have Chex inquiry
Credit card funding: None
Monthly fees: None
Early account termination fee: None mentioned
Expiration date: ~~May 15, 2017~~ ~~July 17th, 2017~~ August 21st, 2017
Insured: FDIC

The Offer

Direct link to offer

Get $100 bonus when opening a Discover Savings account by 8/21/17 and fund it with $15,000 by 9/5/17 Use promo code S717.

There’s no landing page for this offer, but on the third page of the application there’ll be a promo code box. After inputting the promo code, you’ll see the terms of the offer. APY on this account is now 1.10%

The Fine Print

Apply for your first Discover Online Savings Account (OSA) by 8/21/17
Deposit at least $15,000 by 9/5/17
Not available to existing or previous Discover savings customers.
Bank account bonuses are treated as interest and you’re required to pay taxes on them.

Avoiding Fees

There are no fees to with this account.

Discover does not have any minimum balance requirement, and you can withdraw all the funds after opening the account and fulfilling the $15,000 deposit requirement.

Early Termination Fee

There’s no mention of a fee for closing the account at any time. Note that you need to leave the account open until March 31st or whenever the bonus posts.

Our Verdict

This bonus is very often available, but usually it requires an affiliate link which we don’t use on our site; this current offer is a public one. We’ve been trying to get Discover to do a DoC only deal, but limited progress has been made.

This deal is pretty good if you can float $15,000. It doesn’t look like there is any deposit requirement length, so you should be able to deposit $15,000 and then immediately withdraw it. In the past bonus has posted around 5-15 days after the $15,000 requirement has been met.

Lots of people like the Discover bonuses since they are so easy to do, and the interest rate offered on the account is decent too (though not the best around). We will be adding this bonus to our list of the best saving account promotions.

Hat tip to Mehuk

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