Current offer can be found here.
Deal has ended, view more bank account bonuses by clicking here.
Update 4/21/26: Deal is back and valid until 5/31/26 (other dates in fine print and offer section need updating). A new account must be opened between April 20th, 2026, and May 31st, 2026 to be eligible. Existing Live Oak Bank customers must maintain the balance across all existing Live Oak Bank Personal Savings accounts at or above the balance held as of April 19th, 2026 at 11:59:59 p.m. ET.
Update 3/3/26: Deal is back and valid until March 31st, 2026 (other dates in fine print need updating).
Update 1/5/26: Deal is back and valid until 1/30/26
Update 10/13/25: Deal is back and valid until 11/30.
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
The 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 1/30/26 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 2nd, 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 1st 2025 11:59:59pm (ET) across their existing personal savings in order to be eligible for the bonus offer.
- New and Existing Customers:
- 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 3.8% APY, this is somewhat competitive with the top savings rates. This bonus works out to be 6% annualized for a total of 9.8% APY. We will add this to our list of the best savings bonuses. There is also a business savings bonus of $200.
Hat tip tom 767
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
deal is back for $300 https://www.liveoak.bank/personal-savings/
It’s Sept 1st and no bonus announcement from Live Oak. Doesn’t look good.
Upon further review, not doing it. Comments in the E*Trade thread are way too troubling. Just not worth it to me.
Likewise…
All my accounts except for one got auto-closed today after I emptied them out on 7/1, so exactly 45 days after zero balance.
If you already had an account, you had to open a second new one to get the bonus, is that correct? I just deposited to my existing account, but they’re saying I had to open a second account and fund THAT one.
Can confirm over $600 it does report as 1099-misc.
Joey in my experience if it’s before about 5:45 PM (Central), you get “credit” for a pull into CIT the next day. That means it’s showing in your account as “current balance”, and earning interest, but not yet in your “available balance”. In my experience it takes right at a week/5 business days to be actually available.
The CIT site will (should) give you that information. They’re pretty proficient about keeping you informed of the status of incoming deposits.
James James What about pulling into CIT? I just pulled over $100k. Just wondering how long it’ll take to post and what sort of hold I can expect on the money.
Report this year shows he’s been selling shares since February.
P1/P2/P3 5/28 Opened 5/29 Deposited 20k 7/31 Withdrawn 20k 8/3 200 Bonus
Just a theory but just maybe that’s why the CEO sold shares. Knowing deposits would be moving lower if the bonuses were ending.
5/20 opened 5/28 reached $20k balance 8/3 $200 bonus
I have the same feeling. Last year they did take a similar hiatus and skipped the expected July round before resuming the typical pattern with Round 5, 09/02/25–09/30/25. Round 6 was then announced early mid-Oct (10/13/25) to “trap” more deposits. Lately they usually announce the first Monday (or Tues) of the month before the funding deadline at the end of odd-numbered months. Since they skipped what should have been a new round with a 7/31 funding deadline, I’m hoping they resume with a 9/30 funding deadline round. But if they don’t announce by 9/8, I’d say chances are slim to none.
Squeaky wheel gets the grease.
The bonus was credited to my account today on Monday 8/3 as “Customer Appreciation Credit”. Previous bonuses posted as “Promotional Credit”.
5/28 – P1 and P2 opened new savings accounts at 6pm EST, pulled in $20K –> balance credited for Thurs 5/28, funds not pulled from external account until Monday 6/1 for 4 days of double interest 7/28 – mix of pushes out and external pulls to withdraw most funds from Live Oak savings 8/3 – $200 bonuses posted as of ~5pm EST
Yes, 8/3 between 3 PM EST & 5 PM EST. Funded date was 5/28/26.
Anyone get paid today yet?
Perish the thought… but you’re probably right.
If Live Oak doesn’t announce a new deal by Labor Day, I think they’re done with frequent bonus deals.
Glad you were able to get the money out and reset. I was hoping for today but maybe they’ll go for Labor Day weekend.
I’m guessing we would’ve heard something by now? I just transferred my money out.
Opened and funded on 5/22 but still no bonus. I’m pretty sure was related to the error they made on the opening date. They opened and funded two savings accounts without telling me (I only received one confirmation email and one new account showing up when I logged in). Then they reversed the funding from my new account the next day. But my funding account showing they drafted 2x$20k and revised only one. That’s why I contacted liveoak to find out what’s going on. They couldn’t figure out why until a week later that they have another account opened on the same day but it was invisible to me and the money was sitting there. So ended up they closed the account I can see and made the invisible account visible for me. The rationale was because it has the $20k balance. I was worried that would affect the bonus posting but they insisted it shouldn’t. Yesterday I contacted them about it. They could see the note about their error made on 5/22 but insisted they will review after 45 days. Uhh
Hope so. Resetting the balances was nice, but now I’m anxious to have them start up again.
I wonder if it’ll be this Monday? I think the last one in September started on the 2nd.
Oops meant to put 7/28
Update: I contacted support through chat. They indicated that upon their review, it appears I met the terms of the bonus. They noted that I maintained existing balances and the account that closed during the 60 day period should not have affected the offer. They escalated the request and said to expect resolution within a few business days.
that was fast, paid day after you funded!