Available nationwide, Live Oak Bank is offering you $400 bonus + 3.90% APY on your funds for opening a new Business Savings Account.
Update 10/2/24: The rate has decreased to 3.90% APY (from 4.00%) – on top of the rate, you can earn a $400 bonus with qualifying activity.
Editor’s Note: Interested in a personal savings account? See our review on the Live Oak Bank Savings account with a competitive rate.
Live Oak Bank Business Savings $400 Bonus
For a limited time, earn a $400 bonus when you open a new business savings account with qualifying activities.
- High interest rate at 3.90% APY
- Transparent online account opening
- FDIC insurance up to $250,000
- Maximize Your Returns. Our competitive business savings interest rates fuel your growth.
- Protect Your Assets. Your deposits are FDIC-insured, safeguarding your business from financial risks.
- Streamline Your Financial Management. Open your business savings account online and add authorized signers to accelerate efficiency.
- Integrate with Your Accounting Software. Connect your account to QuickBooks for seamless financial tracking and reporting.
- Avoid Unnecessary Costs. Benefit from no monthly maintenance fees, boosting your business’ bottom line.
Unlock the potential of your business savings.
How to earn bonus:
- Open a Live Oak Bank business savings account by 10/31/24.
- Fund Your Account. Deposit at least $30,000 into your account by 10/31/24.
- Maintain Your Balance. Maintain a balance of at least $30,000 for 90 days.
(FDIC Insured)
Live Oak Bank Business Savings Account Summary
Here is your opportunity to earn a high interest rate on your funds. Open a new account to start earning interest and get started today!
- What you’ll get: 3.90% APY Rate
- Availability: Nationwide
- Expiration: None
- Credit Inquiry: Hard Pull or Soft Pull? Let us know
- Credit Funding: Unknown
- Opening Deposit Requirement: None (Any)
- Direct Deposit Requirement: No
- Monthly Service Fee: None
- Early Termination Fees: None listed
(FDIC Insured)
Account Benefits
- FDIC Insurance Up to Maximum Allowed by Law
- No Monthly Maintenance Fees
- Interest Compounded Daily
- Open an Account in Minutes
Account Requirements
Simply open a new Live Oak Bank Business Savings Account and start earning the high interest rate!
Avoid Monthly Fees
- Live Oak Bank Business Savings Account: No monthly fees
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Author’s Verdict
No doubt that this account offers a competitive rate, but prior to opening this account, be sure that this incurs only a soft pull.
Otherwise, there are better accounts with the same rate or better without a hard pull.
If you’re unfamiliar with what hard pull and soft pulls are and how it can affect you, see our hard pull vs soft pull post here.
Let us know about your thoughts and experience with this account!
For more, see our list of the latest promotions from Live Oak Bank.
Be sure to check back on BankDealGuy for more bank deals and/or for more bank rates!
My name is Linda Faria. I am a member and Treasurer of the Woman’s Club of Lodi, California. We are looking for a bank to invest over $71,000.00, and receive the best interest rate possible. We are a Non-Profit organization and support various charitable organization in our area, plus maintain our Historical Building that was build in 1923. The interest rates here in Lodi banks are still very low, so we are inclined to do business with an online source. I have a board meeting coming up on Monday May 9th and would like to report to them my findings.
We do have a member that has banked with you for a number of years, and gave us this banks recommendation. What is your current interest rate to date. I have seen various ones posted, %.50, %.60 etc. Thank you, in advance, for any additional information we should know about banking with your company.
Sincerely, Linda Faria, Treasurer of the Woman’s Club of Lodi, California