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Begging for your
bank's attention?

We see you. We'll pay you what you deserve. We'll answer your call.
For a limited-time, earn $3001 when you open a new personal savings account.

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Experience a Better Way
To Grow Your Money

We offer competitive interest rates and no monthly maintenance fees.

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High-Yield Savings

Make the most of your money with & APY.2

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High-Yield Certificates of Deposit (CDs)

Lock in your rate for predictable returns.

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Save Smarter
With Us

Earn &x the national average APY.3

We’re committed to offering high-yield interest rates and reliable digital service so that your savings can grow.

1. Important Information about this Personal Savings Bonus Offer:

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

  • New and Existing Customers:
    • Only one bonus is available per Tax Identification Number per promotional period.
    • Only personal savings accounts are eligible for the bonus offer. Checking 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 personal savings account must be fully funded with at least $20,000 by 11:59 p.m. Eastern Time on 03/31/2025 to be eligible for the bonus.  If the account is not fully funded by March 31st, then the account is not eligible for the bonus offer.
    • 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.
    • Beginning on the date in February or March 2025 that the new account attains a balance of at least $20,000, if the balance remains equal to or exceeding $20,000 for 60 consecutive days, then the account will be eligible for the bonus if all other conditions are met. 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 60-day period.
    • Your 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.
    • 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 including interest accrued but not credited to the account) at or above the end of day balance as of February 2nd 2025 11:59:59pm (ET) across their existing personal savings in order to be eligible for the bonus offer.

2. Live Oak Bank Savings Annual Percentage Yield (APY) is valid as of  . 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. National savings average rate courtesy of the FDIC’s Weekly National Rates and Rate Caps, as of  ; average rate used is for deposits under $2,500.

4. Live Oak Bank Certificate of Deposit Annual Percentage Yield (APY) is valid as of   and subject to change at any time without prior notice. The minimum deposit required to open an account is $2,500 and the maximum amount is $250,000 per account. Penalties may apply to early withdrawals. Fees may reduce earnings.