The Live Oak Bank savings account signup bonus is back, with a $300 bonus and a solid 4.00% APY. The offer expires on October 16, 2026, so you’ll need to open the account before then, deposit $20,000+, and keep it for 90 days. Simply put: if you have the cash, it’s straightforward.
Deposit $20k for 90 days and earn $300, which is equivalent to a 6% annualized return. Add the account’s own 4% APY, and for those 90 days, that works out to about a 10% risk-free annualized return on $20k, which is quite good. I’ve added it to the rankings:
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About Live Oak Bank
Live Oak Bank is a subsidiary of Live Oak Bancshares, Inc. and is a U.S. bank. Headquartered in Wilmington, North Carolina, the bank serves small business owners in all 50 states. It is also a member of the FDIC, so deposits are insured up to $250,000.
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.
This promotion gives you a chance to earn up to a $300 bonus after opening a new savings account! Both new and existing customers can participate.
- Application link
- Maximum bonus amount: $300
- Availability: Nationwide
- Direct deposit requirement: None
- Credit inquiry: SoFi pull
- ️ChexSystems: None
- Credit card funding: None
- Monthly fee: None
- Early account termination fee: None
- Household restriction: None
- Deadline: October 16, 2026
Signup bonus
See the top of the article for details. Additional terms:
- Each taxpayer ID is limited to one bonus per promotion period.
- Only personal savings accounts are eligible for this offer; checking accounts, CDs, and trust accounts (such as escrow accounts) are not eligible.
- New accounts are subject to approval by Live Oak Banking Company.
- Your new account must be fully funded by 5:00 PM ET on October 16, 2026, to qualify for the bonus.
- Each deposit must come from an external financial institution; transfers from existing Live Oak Bank accounts do not qualify.
- After depositing at least $20,000, you must maintain a balance of at least $20,000 for 90 consecutive days.
- Existing Live Oak Bank customers can also participate, but they must maintain a total balance in their existing personal savings accounts that is no lower than their balance on September 7, 2026, while also depositing at least $20,000 in new money into the newly opened savings account and maintaining it for 90 days.
- If all requirements are met, the bonus will be deposited into your account within 45 days after the 90-day period ends.
- The new account must not be closed or restricted when the bonus is paid, and Live Oak Bank reserves the right to cancel or suspend the bonus.
- The bonus may be taxable.
Interest rate
This savings account is still a pretty good deal. The interest rate is 4.00%, which is among the top tier right now. So parking your money here for 90 days shouldn’t be a bad move at all!
Account fees
- Monthly fee: None.
- Early account termination fee: None.
Bottom line
This Live Oak Bank offer is pretty good, letting you earn a solid bonus while also enjoying a relatively high interest rate. If you have idle cash, this account may be worth considering. Since it’s FDIC-insured, you can move on after just 90 days.
About bank account signup bonuses
Bank accounts such as savings accounts and checking accounts can also offer generous signup bonuses. And opening these bank accounts generally does not affect your personal credit history, so it’s basically free money. We’ve also summarized some of the better bank account bonuses available right now:
Unlike credit cards, which require you to meet a welcome-spending requirement, bank account bonuses can be earned in different ways, such as depositing money, making direct deposits, meeting a transaction requirement, or enrolling in online banking. You’ll need to complete the required steps according to each bank’s rules. For more details, see:
