Available nationwide, Live Oak is offering a $200 welcome bonus when you open a new business savings account and maintain a minimum deposit. The bonus amount is lower than when it was previously offered, but the deposit requirements are lower as well. With that said, it's still a solid offer and easy to earn if you have the available cash. Keep in mind this bonus is in addition to their ultra-competitive high interest rates.
What's more? This bonus is also available to existing customers and you'll need to meet certain conditions which can be found on the Live Oak Website.
Editor's Note: I am an actual customer of Live Oak and have an active Live Oak small business savings account
How To Earn The Bonus
The Live Oak business 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 offer per customer will be awarded.
- Full terms available on Live Oak's website
Open a Live Oak business savings account before the bonus expires on January 13, 2025
How does this business 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:
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 business savings
Fees
Live Oak business savings does not charge a monthly maintenance fee.
Apply now for a Live Oak business savings account to earn the $200 bonus offer
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