If you’re looking for new savings account available nationwide, Live Oak Bank Savings Account is offering you a $200 bonus + 4.00% APY on your funds.
Update 9/16/25: There’s currently a $200 bonus available on top of a competitive 4.00% APY.
Live Oak Bank $200 Savings Bonus
Earn $200 plus 4.00% APY with a Live Oak Bank personal savings account.
The perks of saving:
- Keep More of Your Money. Benefit from no monthly maintenance fees, and watch your money grow faster with a competitive savings rate.
- Peace of Mind. Your deposits are FDIC-insured up to the maximum allowed by law, ensuring your money is safe and secure.
- Personalized Service, Online Convenience. Open and manage your account online. Need help? Our North-Carolina-based team is just a call away.
- You Can Start Small. The minimum balance requirement to earn interest is $0.01, so you can start growing your savings no matter how small your initial deposit.
- Plan for the Future. Easily manage beneficiaries online to ensure your savings are passed on according to your wishes.
How to earn bonus:
- Open a New Account. Open a Live Oak Bank personal savings account by 9/30/25.
- Fund Your Account. Deposit at least $20,000 into your account by 9/30/25
- Maintain Your Balance. Maintain a balance of at least $20,000 for 60 days.
- If all eligibility criteria are met, the $200 cash bonus will be deposited to your open, eligible account within 45 days following the expiration of the 60-day period.
- All funding of the new personal savings account must consist of funds originating from an external financial institution to qualify.
- In addition to the other requirements for the bonus offer, existing Live Oak Bank customers must maintain their existing account balances (not including interest accrued but not credited to the account) at or above the end of day balance as of September 1st 2025 11:59:59pm (ET) across their existing personal savings in order to be eligible for the bonus offer.
(FDIC Insured)
About Live Oak Bank
Live Oak Bank, was founded in 2008 and offers savings rates that are many times the national average, and they boast an A+ health rating.
This FDIC-insured savings account makes it easier to grow your money with a great interest rate and simple online banking
Live Oak Bank Savings Account
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!
- Account Type: Savings Account
- Interest Rate: 4.00% APY
- Availability: Nationwide
- Minimum Balance to Earn Interest: $0.01
- Maximum Balance: None
- Credit Funding: Unknown
- Opening Deposit: None
- Monthly Maintenance Fee: None
- Early Termination Fee: None listed
(FDIC Insured)
Live Oak Bank ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | $250,000 | ? | |
| Pull | ? | $250,000 | ? |
Account Rates
| Balance | APY |
| $0.01+ | 4.00% APY |
Account Benefits
- Opening an account is simple and quick online
- No hidden fees or monthly requirements to maintain
- Online and mobile banking for on the go access 24/7
- FDIC insurance up to the maximum of $250,000 allowed by law
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Author’s Verdict
In addition to the current rate from Live Oak Bank, you can also take advantage of a range of great promotions from banks such as U.S. Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, Fifth Third Bank, or CIT Bank.
Let us know about your thoughts and experience with this account! Be sure to check back on BankDealGuy for more bank rates!
See our favorite Bank Rates to earn high interest!
- 1. Live Oak Bank Savings Annual Percentage Yield (APY) is valid as of 8/25/2025. No minimum opening balance or deposit required to open. Rates may change at any time without prior notice, before or after the account is opened. No minimum balance to open, but customers must have a balance of $0.01 to earn interest. Fees may reduce earnings.
- 2. Important Information about this Personal Savings Bonus Offer:
- Customers must meet all of the following requirements to be eligible for the $200 bonus:
- New and Existing Customers:
- The promotion begins on September 2nd, 2025.
- 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.
- A new account must be opened between September 2, 2025 and September 30, 2025 to be eligible.
- A new Live Oak Bank personal savings account must be fully funded with at least $20,000 by 11:59 p.m. Eastern Time on 09/30/2025 to be eligible for the bonus. If the account is not fully funded by September 30th, then the account is not eligible for the bonus offer.
- 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.
- Beginning on the date in September 2025 that the new account attains a balance of at least $20,000, if the balance remains equal to or exceeding $20,000 for 60 consecutive days, then the account will be eligible for the bonus if all other conditions are met. If all eligibility criteria are met, the $200 cash bonus will be deposited to your open, eligible account within 45 days following the expiration of the 60-day period.
- Your new account must not be closed or restricted at the time of payout in order to receive the bonus. Live Oak Bank reserves the right to withdraw or withhold the bonus offer from any customer, with or without notice, if fraud or other suspicious activity is suspected.
- Any promotional amounts received may be subject to taxation.
- Existing Customers:
- In addition to the other requirements for the bonus offer, existing Live Oak Bank customers must maintain their existing account balances (not including interest accrued but not credited to the account) at or above the end of day balance as of September 1st 2025 11:59:59pm (ET) across their existing personal savings in order to be eligible for the bonus offer.
- 3. National savings average rate courtesy of the FDIC’s Weekly National Rates and Rate Caps, as of 3/17/2025; average rate used is for deposits under $2,500.
- 4. 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.
Editor Rating
Hey, this is all great info. I need to make a decision very quickly like immediately. If you could reach out right away I would so very much appreciate it…… I’d be so thankful!!!