The offer:
https://www.discover.com/online-banking/savings-account/
Overview:
Discover Bank offers 0.95% on deposit savings account with minimum deposit balance of $500. For $5,000 that's almost $50 yearly. Much more than the rest of the banks. To add a cherry on top, they give you $100 if you deposited $15,000 or more.
Pros:
Highest interest paid to savers on the market today.
$100 bonus for the heavy savers.
Easy to set up.
6 withdraw transactions for free a month (Bank check is not considered a withdraw transaction)
No hidden fees.
Cons:
If you need the money, this one isn't for you.
If you don't bank with Discover the account might feel lonely...
Bottom line:
I think it's a great offer, and I sure did take it.