Available nationwide, Live Oak Bank Business Savings is offering 3.35% APY Rate on your funds.
Update 5/1/25: The rate has decreased to 3.35% APY from 3.50%.
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 Review
Live Oak Bank offers one of the best business savings accounts in the country.
This FDIC-insured savings account makes it easier to grow your money with a great interest rate and simple online banking.
Live Oak makes it easier to save for your business with it’s high-yield, FDIC-insured account.
I’ll review Live Oak Bank High Yield Online Savings below.
Live Oak Bank Business Savings Rate
- What you’ll get: 3.35% APY
- Eligible account: Business Savings
- Where it’s available: Nationwide
- Opening Deposit: None
- Monthly fee: None
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
How to Earn Live Oak Bank Rate
- Apply to open your business savings account in minutes. You’ll need both business and personal information to verify your identity and contact information.
- To fund your account, you simply link an existing bank account and transfer funds.
- Earn 3.35% APY on your funds.
Live Oak Bank Account Features
- Service. Their North Carolina-based customer success team is dedicated to providing you personalized support.
- FDIC Insurance. Funds deposited with Live Oak Bank are insured up to the maximum allowed by law, which is currently $250,000.
- No maintenance fees. Their accounts have no online banking or monthly maintenance fees.
- Online account opening. Open and manage your account without leaving your house. Download their mobile app to access your account on the go.
Are My Deposits Safe In This Account?
Yes, funds deposited with Live Oak Bank are insured up to the maximum allowed by law, which is currently $250,000.
Live Oak Bank Business Savings $200 Bonus (Expired)
Growing your savings just got easier! Open a new Live Oak Bank business savings account with qualifying activities to receive a $200 cash bonus.
- High interest rate
- 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 01/13/25.
- Fund Your Account. Deposit at least $20,000 into your account by 01/13/25.
- 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 business savings account must consist of funds originating from an external financial institution to qualify.
(FDIC Insured)
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Conclusion
Live Oak Bank is offering a great rate for its Business Savings Account.
In addition to the rate from Live Oak Bank, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, Bank of America, Fifth Third Bank, and more.
Let us know about your experience with this bank and comment below.
Check back often to see the latest info on Live Oak Bank Business Savings Account and our other Live Oak Bank bonuses.
