Live Oak Bank $200 Savings Bonus

Offer at a glance

Maximum bonus amount: $200
Availability: Nationwide
Direct deposit required: None
Additional requirements: See below
Hard/soft pull: Soft pull
ChexSystems: No
Credit card funding: No
Monthly fees: None
Early account termination fee: None
Household limit: No
Expiration date: 9/30/25

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
- 3.1 Monthly Fees
- 3.2 Early Account Termination Fee
4 Our Verdict

The Offer

Direct link to offer

Live Oak Bank is offering a $200 bonus when you open a personal savings account and complete the following requirements:
- Open and fund account by 9/30/25 with at least $20,000
- Maintain that balance for 60 days
Existing customers must increase their balance by at least $20,000 and maintain that for 60 days

The Fine Print

Customers must meet all of the following requirements to be eligible for the $200 bonus:
- New and Existing Customers:
  - The promotion begins on September 2^nd, 2025.
- Only one bonus is available per Tax Identification Number per promotional period.
- - Only personal savings accounts are eligible for the bonus offer. Checking accounts, certificates of deposit (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 account must be opened between September 2, 2025 and September 30, 2025 to be eligible.
  - 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 09/30/2025 to be eligible for the bonus. If the account is not fully funded by September 30th, 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 September 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 $200 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 September 1^st 2025 11:59:59pm (ET) across their existing personal savings in order to be eligible for the bonus offer.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees.

Early Account Termination Fee

There is no EATF.

Our Verdict

This account also currently earns 4% APY, this is somewhat competitive with the top savings rates. This bonus works out to be 6% annualized for a total of 10% APY. We will add this to our list of the best savings bonuses.

Hat tip tom 767

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