By Stig Editor 
Discover Bank is known for its competitive interest rates, excellent customer service, and wide range of banking products. From July to December 2023, Discover Bank is offering an exciting promotion code that can help you earn attractive bonuses and enjoy the best rates on your savings and checking accounts.
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Discover Bank Promotion Code
To take advantage of Discover Bank’s promotion, use the offer code CY623 when applying for a new account. By depositing a total of at least $15,000, you can earn a $150 bonus, or deposit a total of at least $25,000 to earn a $200 bonus. This offer is 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 Discover1. The account must be open when the bonus is credited, and the bonus will be credited to the account within 60 days of the account qualifying for the bonus. The bonus is considered interest and is subject to reporting on Form 1099-INT1. This promotion ends on September 14, 2023, at 11:59 p.m. ET.
High-Yield Savings Account
Discover Bank’s high-yield savings account offers competitive interest rates with no monthly fees. Interest is compounded daily and credited to your account monthly. There is no minimum deposit required to open a Discover Online Savings account.
Cashback Debit Account
With Discover Bank’s Cashback Debit account, you can earn 1% cashback on up to $3,000 in debit card purchases each month. This account comes with no monthly fees, and you can access over 60,000 free ATMs.
Money Market Account
Discover Bank’s Money Market account offers a 4.00% APY rate on balances up to $99,999 and a 4.05% APY for balances of $100,000 and higher. This account provides easy cash access via ATM, debit, or check, with no hidden fees.
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Certificate of Deposit (CD) and IRA CD Accounts
Discover Bank also offers CD and IRA CD accounts with various terms and competitive interest rates. These accounts allow you to lock in a fixed interest rate for a specified term, providing a secure and predictable return on your investment.
People Also Ask
Q: How long does it take to receive the bonus after meeting the requirements?
A: Discover Bank will deposit the bonus into your account within 30 days of satisfying the bonus requirements.
Q: Can I open an account online or over the phone?
A: Yes, you can open an account online by visiting Discover Bank’s website or by calling their U.S.-based Banking Specialists 24/7 at 1-800-347-70003.
Q: Are there any fees associated with Discover Bank’s accounts?
A: Discover Bank offers no monthly fees for its savings and checking accounts. However, there is a $30 service charge for each outgoing wire transfer sent from your Discover bank account.
Eligibility Requirements
To be eligible for Discover Bank’s promotion code, you must meet the following requirements:
- You must be a new Discover Bank Online Savings Account customer.
- You cannot be an existing or prior Discover savings customer or existing or prior customer with savings accounts that are co-branded or affinity accounts provided by Discover.
- Eligibility is based on the primary account owner.
- You must apply for your first Discover Online Savings Account and use the offer code CY623 when applying.
- Deposit a total of at least $15,000 into your account to earn a $150 bonus, or deposit a total of at least $25,000 to earn a $200 bonus.
- You must be a U.S. citizen and at least 18 years of age.
- You must have a valid Social Security number.
Please note that the promotion ends on September 14, 2023, at 11:59 p.m. ET.
Conclusion
Discover Bank’s promotion code, valid from July to December 2023, offers an excellent opportunity to earn attractive bonuses and enjoy competitive interest rates on your savings and checking accounts. By using the offer code CY623 and meeting the deposit requirements, you can take advantage of this promotion and grow your savings with Discover Bank. With a strong reputation for customer satisfaction and a wide range of banking products, Discover Bank is an excellent choice for your banking needs.