I’ve been looking for places to open up a HYSA and Discover seemed like the best fit out all the banks I researched. I strictly want to use Discover for my HYSA. I plan keeping my checking account with my current bank for the time being.

For the people in a similar boat (or anyone wanting to chime in) : What is your experience like? Any issues or complains? Is there any hassle moving money between banks / accounts?

Did anyone get any notification that their HYSA dipped from 3.6% APY to 3.5%? Seems like Discover did this quietly, which I do not appreciate. Will be moving my funds to my other HYSA purely because I know that account will let me know of interest changes as they happen, instead of surprising me when I log into the app like Discover.

I want to signup for Discover HYSA. There is a signup bonus, but it seems unclear if I need to keep my deposit for a period of time to get the bonus. Has anyone done this offer? How'd it go?

link - https://www.discover.com/online-banking/savings-lng-04/?TPR=090

Hi all, first timer opening a HYSA here.

Hypothetically, if I wanted to open a HYSA with Discover to obtain the $200 bonus, how long would I have to keep the funds in there before I can transfer everything out and open a separate HYSA such as Ally?

I know this has been asked but haven't seen any concrete answer, so hoping someone who was in the same situation as me may have an idea. Thanks!

I've had a Discover HYSA for a couple years now. I recently saw the "BONUS1500" offer for the Capital One HYSA. I signed up for an account on 5/17/25 and initiated a transfer of $20,000 from my Discover account to my new Capital One account that same day. The transfer shows it was deposited on 5/19/25.

I see the merger completed on 5/18/25. Do you all think I'll be eligible for the $300 bonus since the transfer was from Discover which is no longer an "external bank?"

Looking at opening a high yield savings account and the % looks very good on discover but what’s the catch? At like SoFi you need to add $5k every month to get 4% but I don’t see anything like that at discover

Planning on opening their HYSA with the bonus promotion this week - for those who opened a HYSA with them, why did you choose discover?

I’m leaning towards discover HYSA due to that I want experience ‘investing’ with having a competitive APY savings and I’m familiar with discover having one of their cards.

hello everyone, I was thinking about a high-yield savings account. I have around $25,000 that I would like to deposit.

I heard that some people had issues with getting their account frozen so I want to know if anybody else has experienced this with discover?

Also, would it be possible to deposit the 25,000 directly without any issues since it is a larger amount. I would like to just deposit all of it at once to hit the sign up bonus. Sorry if this is a noob question, it’s all very new to me.

I know this subreddit is mainly focused on credit cards, but I posted this here since it's from discover. I myself have the discover it credit card, and I realized they have a HYSA with 4.30% APY.

Could anyone recommend it? Or are there better alternatives?

I received an email from discover indicating I can earn up to $200 for depositing $25,000 or $100 for depositing $15,000 into my discover bank account and keeping it there for a length of time. Unfortunately, I don't have the 15 or $25,000 as most of my money is caught up in CDs. I do however have $32,000 in the discover bank account. If I were to transfer $25, 000 out of my discover account to a non-discover account and then transfer it back into my discover account would that meet all of the conditions? In the terms it reads your unable to transfer between discover accounts however it does not indicate if you are able to transfer to a non-discover account and then back.

I opened my account on March 3rd deposited 15,000 then on March 6th deposited 10,000. I received $150 Bonus but was expecting $200. I thought if you deposited 25,000 cumulatively within 30 days you would receive the higher tier bonus 🤷‍♀️ Anyway I left a email inquiry and will wait to hear back. Any similar experiences with this or did I make a mistake?

Offer summary “Open a new Discover Online Savings Account, using offer code GOBP223. Then, deposit at least $15,000 into your account within 30 days to receive a $150 Discover bonus. Or, deposit at least $25,000 within 30 days to receive a $200 Discover bonus”

When are they depositing the bonus for the HYSA accounts?

Recently opened a Discover online savings account to try and collect the $200 sign up bonus. According to the fine print, the only requirement is to deposit $25,000 into the account within the first 30 days of the account being open. I deposited $15,000 the first week that I had the account open, and then withdrew all of it a few days later with the expectation that I would deposit another $10,000 later this month and collect the full $200.

Despite what the fine print says, I just got off the phone with a CS rep who said that they were told by their supervisor that the deposited money has to remain in the account until the bonus credits to the account in order to receive the bonus. This blatantly contradicts the terms and conditions, so I was hoping to get some clarity from this sub. This question seems to have been asked on reddit in the past, but with a lack of clear answers and bank policies change over time anyway.

Thank you!

Edit: Made two more separate calls to Discover CS and both reps told me that I'm good and I'll receive the $25,000. Seems likely that the first was mistaken.

Has anyone gotten this offer for $150 if you deposit $15,000 within 45 days and $400 if you deposit $45,000? I’m contemplating the offer but only if I can time it so that I can deposit $15,000 cash I have on hand in another HYS account and then have our direct deposits hit over the next 45 days to get us close to the $45,000 and figure out if I can find some more cash. My only question is - can I deposit and withdraw or does there have to be $45,000 total sitting in there at one time?

Received this promo from Discover to open their savings account to receive a $200 bonus ($25K deposit) or $150 bonus ($15K deposit).

Question: in the T&C, they mention: “Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus.”

If anyone has done this before, is it possible to deposit the money to trigger the bonus, and then pull it out next day?

Just to share Discover's promotion, their HSA is offering 3.6%, additionally a $150 bonus for a $15,000 deposit or $200 for a $25,000 deposit. (Need to use code GOBP223)

This means at the end of 1 year, considering the bonus you will have $15,713.16. Effectively 4.75% APY on your original $15,000.

Probably the best offer around imo

(if you opt to deposit $25,000, you will have $26,123.68 at the end of the year, +$1,123.68, effectively 4.49% APY)

Hey guys,

I’ve been a Discover customer for about 3 years now and started with a high yield savings account and then a credit card. The credit card experience has been good but I’ve barely contributed to my savings and here is why.

Around the time (2022) that I joined discover there were a ton of posts on here about the Savings account locking them out of due to suspicions of fraud whenever they’d try to transfer their funds via Zelle, etc., or withdraw. The posts were EXTREMELY frequent around that time and some even went as far as to say they involved the BBB or went to court over the withholding of their funds. They would all have the same story of how Discover either couldn’t or refused to resolve their issue so they had to go that route.

This made me not contribute to my HYSA for about 2+ years (only carefully withdrawing small amounts here and there). But now I want to know if I should get back into depositing even though I would feel better with a brick and mortar. The APY % is really good in comparison to many brick and mortar savings accounts and I feel like I’m passing up a great savings opportunity due to fear and anxiety.

Has it gotten better? Should I just start using it again or just close it and look for a HYSA with high APY% at a brick and mortar? Or even look for a more responsible online bank with a great HYSA.

Asking for feedback and opinions/advice.

I am constantly getting emails telling me that I can earn 5x more if I use their services for savings.

Does anyone use Discover as a bank for their savings and if so, what do you think?

Thanks!!

I'm planning to open a HYSA for the first time, I have 5k amount for now and I won't be using them for a while, I don't want to open an CD currently because I want to add monthly amount to the money + I might need to take from the money if emergency happened. However I might open CD later in the long term. Any recommendations or thoughts which one would be better?