Live Oak Bank, $300 Bonus and 4% APY with Business Savings Account
Live Oak Bank has an offer that can earn you a $300 bonus when you open a new business savings account. This offer is available nationwide and you can open the account online. You must deposit at least $30,000 into the account, but you will earn 4.00% APY, which makes it worthwhile. Let’s see the details of this Live Oak Bank bonus.
Offer
Here are the details on how to earn this bonus:
- Open a new Live Oak business savings account between 4/3/23 and 5/31/23.
- Deposit at least $30,000 into the account within 15 days.
- Maintain a balance of $30,000 or more for 90 days and grow your savings with 4.00% APY.
Live Oak Bank Savings Annual Percentage Yield (APY) is valid as of 3/23/2023. 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.
The $300 cash bonus will be deposited to your open, eligible account within 45 days of the 90-day activity period ending. Live Oak Bank reserves the right to withdraw or withhold the bonus offer from any customer, with or without, notice if fraud or gaming is suspected.
Are You Eligible?
- Available nationwide.
- The offer is only available to new business savings customers and only one bonus is available per business customer or per authorized signer of more than one business entity. Fiduciary accounts (e.g., trusts) not eligible for this offer.
Fees
- This account has no monthly fees.
Guru’s Wrap-Up
This bonus requires a deposit of $30,000 so this is not an offer for everyone. But if you have that money on hand, then you can earn the $300 bonus and 4.00% APY for three months. That would give you an annualized rate of 8% for that period, which is better than what you can earn with other high yield accounts.
Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
Offer Details
- OFFER PAGE
- Bonus: $300
- Account Type: Business Savings
- Availability: Nationwide
- Type of Inquiry: Soft pull
- Direct Deposit Requirement: No
- Other Requirements: $30K balance for 90 days
- Credit Card Funding: No
- Early Account Closing Fee: Unknown
- Expiration Date: 5/31/23
HT: Doctor of Credit
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