Limited-Time Offer for Business Savings

Wake Up Your Wallet with a $400 Cash Bonus1

Stop counting sheep when you could be counting Benjamins. Start earning 3.90% APY2 today, and boost your bottom line.

Start Saving

Don't Snooze on Savings

Take these three simple steps to earn a $400 cash bonus1 for your business.

1. Open a New Account

Open a Live Oak Bank business savings account by 10/31/24.

2. Fund Your Account

Deposit at least $30,000 into your account by 10/31/24.

3. Maintain Your Balance

Maintain a balance of at least $30,000 for 90 days.

Already have an account? See terms1 below to learn how you can qualify for the bonus! 

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Fuel Your Growth


Maximize Your Returns

Our competitive business savings interest rates fuel your growth.

Protect Your Assets

Your deposits are FDIC-insured3, 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.

Your Business, Your Bank

Watch our video to learn how to choose the right business banking partner. Discover the importance of FDIC insurance, exceptional customer service, transparent fees, and seamless QuickBooks integration. Before you apply, have these ready:

Insured Cash Sweep Account

Receive FDIC insurance coverage up to $10 million through the IntraFi Network.4

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Minimize Risk

Protect assets beyond $250,000 while earning a competitive savings rate.

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No Fees

Receive extended FDIC insurance coverage4 at no extra cost to you.

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Centralized Relationship

No need to work with multiple banks when you can access additional FDIC insurance through one login at a superior rate.

Ready to Earn $400?1

Submit your online savings account application in minutes.

Get Started

1. Important Information about this Business Savings Bonus Offer:

Customers must meet all of the following requirements to be eligible for the $400 bonus:

New and Existing Customers:

  • Only one bonus is available per legal entity.

  • Only business savings accounts are eligible for the bonus offer. Checking accounts, personal (consumer) accounts, 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 Live Oak Bank business savings account must be fully funded with at least $30,000 by 11:59 p.m. Eastern Time on 10/31/2024 to be eligible for the bonus. If the account is not fully funded by October 31st, then the account is not eligible for the bonus offer.

  • All funding of the new business 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 October 2024 that the new account attains a balance of at least $30,000, if the balance remains equal to or exceeding $30,000 for 90 consecutive days, then the account will be eligible for the bonus if all other conditions are met. Please note, however, that use of Bank’s ICS Sweeps Service may cause the account balance to drop below the $30,000 minimum balance as swept funds will not be deemed to be counted toward the available balance for the purposes of the promotion. If all eligibility criteria are met, the $400 cash bonus will be deposited to your open, eligible account within 45 days following the expiration of the 90-day period.

  • A 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.

  • Live Oak Bank employees do not qualify.

  • 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 included interest accrued but not credited to the account) at or above the end of day balance as of September 30th 2024 11:59:59pm (ET) across their existing business savings in order to be eligible for the bonus offer.

2. Live Oak Bank Savings Annual Percentage Yield (APY) is valid as of 10/2/2024. 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.

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.

4. Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi Cash Service and the IntraFi hexagon are service marks, and IntraFi, ICS, and CDARS are registered service marks of IntraFi Network LLC.

See disclosures for details.