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Slickdeals Forums Hot Deals Discover new account bonus $150/$500 with deposit of 15k/50k

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Discover new account bonus $150/$500 with deposit of 15k/50k

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Discover is offering new account bonus $150/$500 with deposit of 15k/50k. This is higher than usual $150/$200 offer.

https://www.discover.com/bonus525d2

Discover new account bonus $150/$500 with deposit of 15k/50k

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Created Yesterday at 03:12 PM by RahulG4474

in Financial Tools & Services (5) Discover.com

If you purchase something through a post on our site, Slickdeals may get a small share of the sale.

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ketamine

Joined Dec 2006

Hellspawn

7,791 Posts

1,033 Reputation

ketamine

Yesterday at 04:36 PM.

If you new to Discover, this is as good as it gets; also it's a better savings account with competitive APY not the usual crappy 0.01%.

Lilyly

Joined Nov 2019

VIP Member

14,454 Posts

720 Reputation

Lilyly

Yesterday at 04:44 PM.

Quote from ketamine

If you new to Discover, this is as good as it gets; also it's a better savings account with competitive APY not the usual crappy 0.01%.

do they send us the capital one or discover card?

ketamine

Joined Dec 2006

Hellspawn

7,791 Posts

1,033 Reputation

ketamine

Yesterday at 04:47 PM.

Quote from Lilyly

do they send us the capital one or discover card?

Discover

jaderxiii

Joined Sep 2015

L3: Novice

163 Posts

44 Reputation

jaderxiii

Yesterday at 08:01 PM.

do we have to keep the whole 50k there til bonus post? I did about similar deal with CIT and I did not need to keep the money there til bonus post. wondering if this is similar

WolfTheCat

Joined Jan 2024

Typing Cat

2,193 Posts

1,433 Reputation

Pro

WolfTheCat

Today at 09:23 AM.

This deal maths out to about 7.89% annualized rate of return under the following assumptions. These assumptions are guesses and not guaranteed, but if the assumptions are right, the math is right.

1) Savings interest rate remains 3.6%APY/0.00969% daily interest thoughout the 90 day period.
2) Deposit of $50,000 made on Day 1.
3) Bonus of $500 paid on Day 60.
4) Account closed on day 90, withdrawing the full balance of $50,934.46, which includes the bonus, the interest, and the interest on the bonus from days 60-90.