The Live Oak Bank savings account earns a solid 4.00% APY. The $300 bonus offer has expired, so if you’re not in a hurry, you can wait for another offer.
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About Live Oak Bank
Live Oak Bank is a subsidiary of Live Oak Bancshares, Inc. and a U.S. bank. Headquartered in Wilmington, North Carolina, the bank serves small business owners in all 50 states. It is also a member of the FDIC, and deposits are insured up to $250,000.
Live Oak Bank is a member of the Federal Deposit Insurance Corporation (FDIC) . As a Live Oak Bank customer, your Live Oak Bank deposits are insured by the FDIC up to $250,000 per depositor, for each account ownership category.
This promotion gives you a chance to earn a bonus of up to $300 when you open a new savings account. Both new and existing customers can participate.
- Application link
- Maximum bonus: $300
- Availability: Nationwide
- Direct deposit requirement: None
- Credit inquiry: SoFi pull
- ️ChexSystems: None
- Credit card funding: None
- Monthly fee: None
- Early account termination fee: None
- Household restriction: None
- Deadline: October 16, 2026
Signup bonus
See the beginning of the article for details.
- Each taxpayer ID is limited to one bonus per promotion period.
- Only personal savings accounts are eligible for this offer. Checking accounts, certificates of deposit, and trust accounts (such as custodial accounts) are not eligible.
- New accounts are subject to approval by Live Oak Banking Company.
- Your new account must be fully funded by 5:00 PM ET on October 16, 2026, to qualify for the bonus.
- All funds must come from an external financial institution. Transfers from existing Live Oak Bank accounts do not qualify.
- After depositing at least $20,000, you must maintain a balance of at least $20,000 for 90 consecutive days.
- Existing Live Oak Bank customers can also participate, but they must keep the total balance in their existing personal savings accounts at or above the balance on September 7, 2026, while also depositing at least $20,000 in new money into the newly opened savings account and maintaining that balance for 90 days.
- If all requirements are met, the bonus will be deposited into your account within 45 days after the 90-day period ends.
- The new account must not be closed or restricted when the bonus is paid. Live Oak Bank reserves the right to cancel or suspend the bonus.
- The bonus may be taxable.
Interest rate
This savings account is still a pretty good deal, with a 4.00% interest rate that puts it among the top offerings right now. So keeping your money here for 90 days shouldn’t be a bad move!
Account fees
- Monthly fee: None.
- Early account termination fee: None.
Bottom line
This Live Oak Bank offer is a good one, letting you earn a substantial bonus while enjoying a relatively high interest rate. If you have idle cash, this account may be worth considering. It’s FDIC-insured, and you can move on after just 90 days.
About bank account signup bonuses
Bank accounts, such as savings and checking accounts, can also offer generous signup bonuses. Opening these accounts generally does not affect your credit history, so it can feel like getting money for free. We’ve also rounded up some of the best bank account bonuses available now:
Unlike credit cards, which require you to meet a welcome-spending requirement, bank account bonuses can be earned in various ways, such as depositing money, setting up direct deposit, meeting a transaction requirement, or enrolling in online banking. You’ll need to complete the required steps for each bank. For more details, see:
