Available nationwide with the ability to open online, Live Oak Bank is offering a $200 welcome bonus when you open a new personal savings account and meet the minimum deposit requirement of $20,000. This is higher than the last time Live Oak offered this bonus.
It's an easy bonus, but the initial capital required may be a steep barrier of entry.
What's more? This bonus is also available to existing customers. If you already have an existing Live Oak Bank personal savings account, just deposit $20,000 in new money from outside Live Oak Bank and maintain it for the 60 day holding period.
How To Earn The Bonus
The Live Oak personal savings promotion requires you to deposit and maintain a minimum balance in order to earn the $200 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- Only one bonus is available per Tax Identification Number per promotional period.
- Only personal savings accounts are eligible for the bonus offer. Checking accounts, certificates of deposit (CD) accounts and fiduciary accounts (e.g., trusts) are not eligible for this offer.
- Opening of a new account will be subject to approval by Live Oak Banking Company in its Sole Discretion.
- All funding of the new personal savings account must consist of funds originating from an external financial institution to qualify; deposits or transfers originating from an existing Live Oak Bank account (whether personal or business) via internal transfer, CD redemption, check, ACH transfer, wire, or loan proceeds do not qualify for bonus offer.
- Full terms available on Live Oak's website
Open a Live Oak personal savings account before the bonus expires on November 30, 2025
How does this personal savings offer from Live Oak compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
Raisin
High Yield Savings
- Bonus
- up to $1000
- Account Type
- Personal Savings
- Expires In
- Limited Time
- Requires
- Min Balance
TD Bank
Personal Savings
- Bonus
- $200
- Account Type
- Personal Savings
- Expires In
- 16 days
- Requires
- Min Balance
CIT
Platinum Savings
- Bonus
- up to $300
- Account Type
- Personal Savings
- Expires In
- 24 days
- Requires
- Min Balance
Why Live Oak Bank?
Live Oak is an FDIC-insured bank built to serve small businesses. In addition to being the nation’s top SBA lender, Live Oak offers high-yield business savings accounts built for the self-employed. They continuously invest in technology solutions that will reinvent the banking experience.Live Oak personal savings
Fees
Live Oak personal savings does not charge a monthly maintenance fee.
Apply now for a Live Oak personal savings account to earn the $200 bonus offer
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