Live Oak Bank Personal Savings 2026 Review

Mika L.
Written by Mika L.
Financial Content Writer

Live Oak Bank Personal Savings4.3/5

Live Oak Bank

Annual Percentage Yield (APY)
3.80% APY
Monthly Fee
$0
Welcome Bonus
$200
Apply Now →on Live Oak Bank's website
Transaction limit:Unlimited transfers, maximum of $250,000 per transfer day.
Minimum Deposit:$20,000

Annual Percentage Yield (APY):

3.80% APY

Welcome Bonus: $200

Open a new personal high-yield savings account and deposit at least $20,000 to earn a $200 bonus.

Monthly Fee:

$0

Minimum Deposit:

$20,000

Transaction Limits:

Unlimited transfers, maximum of $250,000 per transfer day.

Live Oak Bank offers a compelling combination of a $200 bonus and a competitive APY of 3.80%. This account is particularly attractive for those who can meet the higher deposit requirement, allowing them to earn significant interest without monthly fees.

Pros:

  • High APY
  • No monthly fees

Cons:

  • High minimum deposit requirement
learn more about this bank account on Live Oak Bank's website →

In summary, the Live Oak Bank Personal Savings account is an excellent choice for individuals looking to maximize their savings with a competitive 3.80% APY and a $200 welcome bonus, especially if they can comfortably meet the higher deposit requirement. This account is ideal for those seeking a fee-free option to grow their savings effectively.

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