Take these three simple steps to earn a $200 cash bonus.2
Stop begging for your
bank’s attention.
Get the service and rate you deserve.
For a limited-time, earn $2002 and APY1 when you open a new account.
Earn What You Deserve (And Then Some)
1. Open a New Account
Open a Live Oak Bank personal savings account by 11/30/25.
2. Fund Your Account
Deposit at least $20,000 into your account by 11/30/25.
3. Maintain Your Balance
Maintain a balance of at least $20,000 for 60 days.
Earn and save more with & APY1
Earn &x the national average.3
We’re proud to offer a competitive interest rate so you can build your savings faster.
THE PERKS OF SAVING WITH LIVE OAK
Keep More of Your Money
Benefit from no monthly maintenance fees, and watch your money grow faster with a competitive savings rate.
Real People, Real Answers
Get your questions answered quickly by our US-based support team.
Peace of Mind
Your deposits are FDIC-insured4 up to the maximum allowed by law, ensuring your money is safe and secure.
Start Small, Grow Big
No minimum balance required, so you can start saving today, no matter how much you have.
Plan for the Future
Easily manage beneficiaries online to ensure your savings are passed on according to your wishes.
Personal Savings Account FAQ
There is no longer a limit to the number of transfers you can make from your Live Oak Bank savings account. You can move up to $250,000 per transfer day.
You can transfer funds electronically through an ACH transaction. To do this, log on to the Live Oak Portal, select Transfer Funds, then select the ‘from’ account, ‘to’ account and amount of the transfer. Your ACH should post to your external account within 1-2 business days. The ACH cutoff time is 5:00 p.m. ET.
The Live Oak Savings account does not include checks or a debit card.
Deposits begin earning interest on the day the deposit is posted to your account. Please allow 1-2 business days for an incoming ACH transfer initiated through the Live Oak Bank Portal to post to your account. Check deposits are posted to the account on the day we receive them. Interest is compounded daily and posted to your account on the last business day of the month. You must have a balance of $.01 to earn interest.
You may initiate an ACH transfer from your external bank account through the Live Oak Bank Portal. The cutoff time for incoming and outgoing ACH transfers is 5:00 p.m. ET. Please allow 1-2 business days for the funds transfer to process. For security and verification purposes, incoming transfers initiated through the Live Oak Bank Portal are held for five business days once posted to your Live Oak account.
ACH transfers initiated from an external account and sent to your Live Oak account are available immediately upon receipt.
Deposits made by check or mobile deposit will be held for up to five business days once posted to your account.
Funds sent to an external account are available at that bank within 1-2 business days. The transfer must be initiated before 5:00 p.m. ET.
- You can transfer funds electronically through an ACH transaction. To do this, log on to the Live Oak Bank Portal and choose the ‘Transfer Funds’ option. You may transfer funds between your Live Oak accounts and your linked external accounts. Please allow 1-2 business days for the transfer to process.
- Mail your check to our Headquarters:
Live Oak Bank
Attention: Deposits
1757 Tiburon Drive
Wilmington, NC 28403
* Please note we do not accept checks drawn on foreign banks, third-party checks or cash deposits. (A third-party check is a check that is signed over to an individual not named on the front of the check - Deposit a check with the Live Oak Bank Mobile App. Deposit limits apply. The mobile deposit cutoff time is 4:00 p.m. ET. Deposits received after 4:00 p.m. ET will be processed on the following business day.
- Wire funds into your account. Log on to the Live Oak Bank Portal for wire instructions. You must have an open account to deposit by wire. A new account cannot be opened by wire. (please click here to see our fee schedule for applicable fees).
