$150 or $200 bonus for new Discover Bank customers

By | February 19, 2020 3:29 am EST

I found this on CreditDonkey. Either use the link, or enter promo code CY220 when signing up. What’s slick about this deal:
1) Earns 1.60% APY, compounded daily, paid monthly
2) No fees, no early termination
3) The minimum time the funds must be in the account is 14 days (yes, that’s right!) They must be new to Discover, and arrive by midnight 3/16, and they will give you the bonus ($150 for $15k, $200 for $25k) on 03/30/2020, and the only stipulation is your account must be open at the time the bonus is awarded.
By my math, this is an effective APY of 25% on $25k (you will yield ~$215.23 in the two weeks), or 31.67% on $15k (you will yield ~$159.14).
Note, must be a new account holder. Cannot confirm 100% if a joint account holder is eligible, although I *have* seen verbiage on prior deals that indicated for the purposes of determining eligibility, only the primary account holder was considered a customer.
https://www.discover.com/online-b…lXhT1KZWg0

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