Offer Details
Written by: RJ
Requirements
- Open a new business savings account
- Deposit $30k by 10/31/24
- Maintain balance for 90 days
- Bonus posts within 45 days of completion
Eligibility
- Nationwide
- In addition to the other requirements for the bonus offer, existing Live Oak Bank customers must maintain their existing account balances (not included interest accrued but not credited to the account) at or above the end of day balance as of September 30th 2024 11:59:59pm (ET) across their existing business savings in order to be eligible for the bonus offer.
Fees
- Business checking is fee free
Account Closure
- No rule listed
Chex
- No
Valid through: 10/31/24
First reported by DoC
Thoughts
I read this as existing customer can open a new savings account for this offer. However if you have funds on deposit with Live Oak already, those can’t move. Additionally, this account pays 3.90% APY making the lockup not terrible.
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Editorial Note:
Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities.