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Discover Savings Refer A Friend Program

September 17th, 2011 · Bank Bonus

Discover is offering a $25 Refer-A-Friend bonus that ends November 1, 2011. If you are a current customer of Discover Bank, this is a good time to make extra cash by referring a friend to open an eligible deposit account online with Discover. The bank deal is both the current customer and the new customer will receive the $25 cash bonus provided certain bank requirements are meet.

The current customer will receive the $25 bonus when the new customer is found qualified to open an eligible deposit account with the bank.

On the other hand, if you are the new customer, you must meet the following bank requirements before you get the $25 refer-a-friend bonus:

1. You must open an eligible account online which could be one of the following:

  • An online savings account, which currently is at 1.10%APY with $500 minimum initial deposit
  • A certificate of deposit, which currently is at 2.20%APY for a 5 year term CD with $2,5000 minimum initial deposit, or
  • A money market account, which currently is at 1.00%APY for a $10,000 balance. Minimum initial deposit required is $2,500

2. When you apply, you must enter your Refer-A-Friend codes in your application form. This is how you do it:

  • From the drop down menu, select “Refer-a-Friend” from “How Did You Hear About Us”
  • Enter your Referral Code, then
  • Enter your Offer Code

The referral and the offer codes are:

  • Referral Code: 0000877426
  • Offer Code: RAF911E1

3. You must maintain the minimum initial deposit for 60 days from the beginning of funding the deposit account.

If you meet the above requirements, both you and your referring friend will each receive the $25 bonus. The $25 bonus will be credited to your account within 8 weeks from the date the terms of the offer are satisfied.

Discover has a 5 star safe and sound rating and is FDIC insured up to the maximum of $250,000 per depositor and per deposit category.

 

 

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