Our Business Savings is


Earn 4.00% APY1

For a limited-time, earn a $300 bonus when you open a new business savings account with qualifying activities2. 




1. Open

Open a new Live Oak business savings account between 4/3/23 and 5/31/232.

2. Fund

Deposit at least $30,000 into the account within 15 days2.

3. Save

Maintain a balance of $30,000 or more for 90 days and grow your savings with 4.00% APY1,2.

In addition, you must be a first-time Live Oak business savings customer to be eligible for this bonus offer.

make the most of your money

At Live Oak, we reward you with remarkable service and some of the most competitive savings and CD rates. Plus, banking with us means your money fuels the growth of small businesses across the country. 



Annual Percentage Yield1

No monthly fee

Our accounts have no online banking or monthly maintenance fees

FDIC insurance3

Funds deposited are insured up to $250,000

Online account opening

Open your account in minutes and manage it completely online

Human-powered service

Our customer success team is dedicated to providing you personalized support

1. Live Oak Bank Savings Annual Percentage Yield (APY) is valid as of 3/23/2023. 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 Business Savings Bonus Offer:

Customers must meet the following requirements to be eligible for the $300 bonus:

  • The offer is only available to new business savings customers and only one bonus is available per business customer or per authorized signer of more than one business entity. Fiduciary accounts (e.g., trusts) not eligible for this offer.
  • A new Live Oak Bank business savings account must be opened and approved by 11:59 p.m. ET on 5/31/2023. The new account must be funded with at least $30,000 in new money, and funds must be collected within 15 days of account opening to be eligible towards bonus offer.
  • Funds deposited by ACH, check, transfer, or wire must be drawn from an external financial institution to qualify. Deposits transfers originating from an existing Live Oak Bank Personal or Business account via internal transfer, CD redemption, check, ACH transfer, wire, or loan proceeds do not qualify for bonus offer. 
  • A balance of $30,000 or more must be maintained for at least 90 consecutive days from the date of funding.  

Opening of a new account will be subject to approval by Live Oak Banking Company in its sole discretion. Only one bonus offer per customer, business or authorized signer, will be awarded. Eligibility will be limited based on account ownership. 

The $300 cash bonus will be deposited to your open, eligible account within 45 days of the 90-day activity period ending. Live Oak Bank reserves the right to withdraw or withhold the bonus offer from any customer, with or without, notice if fraud or gaming is suspected.  

The bonus payout may be subject to tax reporting. Offer cannot be combined with any other savings offer.    

Offer expires on 11:59 p.m. ET on 5/31/2023.  

To receive this bonus, the new account must not be closed or restricted at the time of payout. Live Oak Bank employees do not qualify. 

3. 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.

See Disclosures for details