Live Oak is offering a $300 savings account bonus — heres how to qualify

If you’re looking for a new home for your savings, Live Oak Bank is offering an incentive worth considering.

For a limited time, Live Oak Bank Personal Savings customers can earn a $300 cash bonus. To qualify, you’ll need to open an account between Sept. 8 and Oct. 16, 2026, and deposit at least $20,000 in new money by 5 p.m. ET on Oct. 16. You’ll then need to maintain a balance of at least $20,000 for 90 consecutive days.

The $300 bonus will be deposited into your account within 45 days after the 90-day period ends, provided the account remains open and in good standing. You can only earn the bonus once during the promotion, and the $20,000 deposit must come from an outside bank — transfers from an existing Live Oak account don’t qualify.

Here’s what to know about the Live Oak Personal Savings account.

Beyond the sign-up bonus, Live Oak Bank Personal Savings has no monthly fees or minimum balance requirements. There’s also no minimum deposit to open the account, so you can start earning interest with just $0.01.

The account currently pays 4.00% APY, well above the 0.38% national average for savings accounts. Interest compounds daily and is credited to your account monthly.

Live Oak also offers relatively flexible access to your money. There’s no limit on the number of transfers you can make, and you can transfer up to $250,000 out of the account in a single day.

If Live Oak isn’t quite what you’re looking for, here are some other savings bonuses worth checking out.

SoFi Checking and Savings offers up to $400, and it’s a bit more attainable than putting down a big lump sum. New account holders who set up direct deposit within a 31-day window can earn $50 for direct deposits totaling $1,000 to $4,999.99, or the full $400 for deposits of $5,000 or more. The bonus period kicks off once SoFi receives your first direct deposit of $1 or more and runs for 25 days, then you should get your bonus within seven business days after that.

PNC Bank Virtual Wallet also offers up to $400, split across two tiers depending on which account you choose. Open a standard Virtual Wallet account and make qualifying direct deposits of $500 or more, and you’ll earn $100. Step up to a Virtual Wallet with Performance Select and deposit $5,000 or more, and you’ll get the full $400. Your bonus should typically show up within 60 to 90 days of meeting the requirements.

Capital One 360 Performance Savings can get you well past Live Oak’s $300, but it takes a bigger deposit to do it. Open a new account with promo code BONUS1500 and deposit at least $20,000 within 15 days, and you’ll earn $300, basically matching Live Oak. But if you’re willing to put down $50,000, that jumps to $750, and $100,000 or more gets you the full $1,500. You’ll need to keep the funds in your account for 90 days after that initial 15-day window, so 105 days total, and the bonus lands within 60 days of meeting all the requirements.

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* New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit received within 25 calendar days of your first Eligible Direct Deposit of $1 or more. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 5/15/2026 and will be available through 12/31/26. See full bonus and annual percentage yield (APY) terms at sofi.com/banking/checking-offer/ *SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members with Eligible Direct Deposit can earn up to 3.10% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.10% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 5/28/26. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. *SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks. *Earn up to 4.00% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.90% APY Boost (added to the 3.10% APY as of 5/28/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#4. SoFi Bank, N.A. Member FDIC. *Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 5/28/26. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet