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$300 Bonus and 4% APY with Live Oak Bank
Live Oak Bank has launched a new bonus of $300 for new business savings accounts. This bonus requires a deposit of $30,000, and you need to maintain that balance for 90 days. But you will also earn 4.00% APY, which makes this a good deal. The offer is available nationwide. Let’s see the details.
The Offer
How to earn the bonus:
- Open a new Live Oak business savings account by 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.
The $300 cash bonus will be deposited to your open, eligible account within 45 days of the 90-day activity period ending.
Key Terms
- Offer available nationwide.
- Business savings account has no monthly fees.
- 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.
- 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.
Conclusion
If you deposit exactly $30,000 into this account and keep that balance for 90 days, you would earn a total of $600 with the bonus and interest. That’s an annualized rate of 8%, which is better than what you can currently get elsewhere.
HT: Doctor of Credit
