Wake Up Your Wallet
with a Cash Bonus

Stop counting sheep when you could be counting Benjamins.
For a limited-time, earn $200 on Business Savings1 and $300 on Personal Savings.2

Save Smarter
With us

Earn more than the national average APY.5

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

Female business owner using her laptop to explore small business banking solutions

Business Solutions

We offer business owners personal guidance through the lending process and easy-to-use banking products.

  • Customized Loans
  • Checking with Treasury Services
  • High-Yield Savings
  • High-Yield Certificates of Deposit (CDs)
Male sitting at his desk in a home office searching for personal banking products on his laptop

Personal Banking

We get that individuals like you need great rates, FDIC insurance6 and no fees.

  • High-Yield Savings Accounts
  • High-Yield CDs

Experience a different way of business lending

Our bankers connect directly with you to determine the right loan strategy for your business and offer a variety of lending options including: SBA, USDA, conventional and custom business loans tailored to your needs.

  • SBA Preferred Lender
  • #1 SBA 7(a) Lender by dollar amount for FY 20237
Small business loan customer, Dr. Manisha Geiger, owner of Optimum Vision and Eye Care

“I can’t thank you all enough for the help and support you have provided through this process. This, as you know, is our second SBA with Live Oak, and we couldn’t be happier. I feel we are truly a Live Oak success story.”

Dr. Manisha Geiger
Owner, Optimum Vision and Eye Care
Scottsdale, AZ

Small business loan customers Nikhil Dhawan and Reema Dutt

“Our experience with Live Oak Bank was extremely smooth, while maintaining a sense of detail and thoroughness. Thank you for your guidance, support, and patience throughout this acquisition.”

Nikhil Dhawan and Reema Dutt
Owners, Sweat Yoga
Playa Vista, CA

Small business loan customer, Tim Sheehy, Founder and CEO of Bridger Aerospace

“Live Oak enabled us to acquire our flagship aerial firefighting assets to protect lives, property and habitat. The bank’s innovation and dedication provided the means to secure ownership of our first two aircraft through two instrumental loans.”

Tim Sheehy
Owner, Bridger Aerospace
Belgrade, MT

Live Oak Bank mobile banking app and debit card products for small business banking customers

Excellent Rating on   Trustpilot

Our Approach
Sets Us Apart

A fully digital bank, we don’t have branches and don’t work on commission. This means our focus is entirely on you.

1. Important information about this Business Savings Bonus Offer:

Customers must meet all of the following requirements to be eligible for the $200 bonus:

New and Existing Customers:

  • Only one bonus is available per Tax Identification Number per promotional period.
  • Only business savings accounts are eligible for the bonus offer. Checking accounts, personal (consumer) 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 business savings account must be fully funded with at least $20,000 by 11:59 p.m. Eastern Time on 01/13/2025 to be eligible for the bonus.  If the account is not fully funded by January 13th, then the account is not eligible for the bonus offer.
  • All funding of the new business 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 November or December 2024 or January 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. Please note, however, that use of Bank’s ICS Sweeps Service may cause the account balance to drop below the $20,000 minimum balance as swept funds will not be deemed to be counted toward the available balance for the purposes of the promotion. 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.
  • A 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 November 11, 2024 11:59:59pm (ET) across their existing business savings in order to be eligible for the bonus offer.

2. 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 01/13/2025 to be eligible for the bonus. If the account is not fully funded by January 13th, 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 November or December 2024 or January 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 November 11, 2024 11:59:59pm (ET) across their existing personal savings in order to be eligible for the bonus offer.

3. 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.

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.

5. 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.

6. Live Oak Bank is a member of the Federal Deposit Insurance Corporation (FDIC). As a Live Oak Bank customer, your Live Oak Bank deposits are insured by the FDIC up to $250,000 per depositor, for each account ownership category.

7. The data supplied by the SBA reflects 7(a) highest dollar volume during FY 2023.