Live Oak Bank Personal Savings Review: $300 Bonus + 4.00% APY (Nationwide)

Available nationwide, Live Oak Bank Savings is offering 4.00% APY Rate + $300 bonus. Definitely continue reading below for everything you would need to know about the attractive account and rate!

Update 9/8/26: The rate has increased to 4.00% APY from 3.90%. You can currently earn a competitive rate on your funds along with a $300 bonus after meeting the requirements.

Live Oak Bank $300 Savings Bonus 

Earn a $300 bonus* when completing the qualifying activities along with a competitive rate.

The perks of saving:

• Competitive APY: Earn a top-tier APY that is consistently higher than the national average.
• No Hidden Fees or Minimum to Open: Keep more of what you earn with no monthly maintenance fees and earn our high-yield APY with as little as a $0.01 deposit.
• Built-In Security: Two-factor authentication and real-time fraud monitoring work behind the scenes, while FDIC insurance protects your deposits up to $250,000 per depositor.
• Dedicated U.S.-Based Support: Get help from real, U.S.-based representatives. Live Oak proudly resolves over 90% of issues on the first call.

How to earn bonus:

• Open a New Account. Open a Live Oak Bank personal savings account by 5:00 p.m. ET on 10/16/26.
• Fund Your Account. Deposit at least $20,000 into your account by 5:00 p.m. ET on 10/16/26.
• Maintain Your Balance. Maintain a balance of at least $20,000 for 90 days.
• If all eligibility criteria are met, the $300 cash bonus will be deposited to your open, eligible account within 45 days following the expiration of the 90-day period.
• 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.

(FDIC Insured)

Live Oak Bank Savings Review

I’ll review Live Oak Bank High Yield Online Savings below.

Live Oak Bank Savings Rate

• What you’ll get: 4.00% APY
• Eligible account: Savings
• Where it’s available: Nationwide
• Opening Deposit: None
• Monthly Maintenance Fee: None
• Early Termination Fee: None listed, check with CSR

(FDIC Insured)

How to Earn Live Oak Bank Rate

1. Visit the Live Oak Bank page and select “Open Account” button
2. Fill in all requested information and submit your application.”
3. Once your account is funded, enjoy earning 4.00% APY Rate

Live Oak Bank Account Features

• No Monthly Maintenance Fees
• No Direct Deposit Required
• FDIC Insurance Up to Maximum Allowed by Law
• Interest Compounded Daily

Is This Account FDIC Insured?

Yes, your funds deposited with Live Oak Bank are insured up to the maximum allowed by law, which is currently $250,000.

Conclusion

Live Oak Bank is offering a great APY Rate for its Online Savings Account. Check out the link above for more information on the account.

They even compare this rate to other notable bank names. Check out more Savings Rates here on BCS so you can find an account that fits your needs.

In addition to the rate from Live Oak Bank, check out our list of best rates Savings, Money Market, and CD accounts.

• Best Savings/Money Market rates
• Best CD Account rates

If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers.

Some popular bank offers include U.S. Bank, Chase Bank, Discover Bank, TD Bank, Huntington Bank, Bank of America, Fifth Third Bank, and many 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 Savings Account and our other Live Oak Bank bonuses.

*Click here for full terms and conditions.