Take advantage of Live Oak Bank’s Business Savings promotion from 11/12/24 to 1/13/25 and earn a $200 bonus with a minimum balance of $20,000.
Introduction: Live Oak Business Savings Bonus
If you’re a business owner looking to make your savings work harder for you, now is the perfect time to act! Live Oak Bank is offering an exciting Business Savings promotion.
With a $200 bonus on the line, this is an opportunity you don’t want to miss. This promotion is ideal for those who can maintain a $20,000 minimum balance. Let’s dive into the details so you can secure your bonus by the end of the month!
FIND MORE OF THE BEST LIVE OAK BANK PROMOTIONS HERE
Key Takeaways
From November 12, 2024 to Janauary 13, 2025, business owners who open a new Live Oak Bank Business Savings account can earn a $200 bonus. Here’s what you need to do:
- Open a new Business Savings account during the promotional period.
- Maintain a balance of at least $20,000 in the account for 60 consecutive days.
- You will receive your $200 bonus within 45 days after meeting the full terms of the promo.
- Live Oak Bank is an online bank serving small businesses and individuals nationwide.
How to Earn the $200 Live Oak Bank Business Savings Bonus
The process to earn your $200 bonus is simple:
- Open a new Live Oak Bank Business Savings account between November 12, 2024 to January 13, 2025.
- Maintain a balance of at least $20,000 for 60 consecutive days.
- You will receive your $200 bonus within 45 days after meeting the full terms of the promo.
- Bonus Limit: Only one bonus is available per tax identification number per promotional period.
With these steps, you’ll be able to earn the bonus easily while keeping your savings in a secure, high-yield account.
Why This Promotion Stands Out
Live Oak Bank consistently offers attractive opportunities for business owners, and this promotion is no exception. The combination of a generous bonus and the simple requirement to maintain a minimum balance makes it an easy way to grow your savings while earning some extra cash. Unlike some promotions that require complex steps or high fees, this one is focused purely on rewarding solid savings habits.
Who Is This Promotion Best For?
This promotion is perfect for businesses that already have significant capital on hand. If you’re able to maintain a $20,000 minimum balance for 60 days, this offer allows you to earn a bonus while keeping your money in a high-yield savings account. It’s a straightforward way to make your savings work harder.
Additionally, Live Oak Bank’s Business Savings accounts offer competitive interest rates, so even after the bonus, you’ll continue to benefit from high returns on your savings.
How to Maximize Your Earnings
To make the most of this promotion, consider these strategies:
- Transfer existing funds: If you have savings in another account that’s not earning much interest, consider transferring those funds to Live Oak Bank. This way, you can qualify for the bonus while earning better interest rates.
- Monitor your balance: Keep a close eye on your balance to ensure it doesn’t drop below the requirement.
What is Live Oak Bank?
Live Oak Bank is a digitally focused bank that specializes in providing financial solutions to small business owners across the United States. Founded in 2008, Live Oak Bank has grown into one of the largest SBA lenders in the country, offering a range of products that cater to entrepreneurs and business owners looking to grow their operations.
What sets Live Oak Bank apart is its commitment to helping businesses succeed, offering competitive rates and personalized support without the need for physical branches. With a focus on small businesses, Live Oak Bank delivers banking services designed to meet the unique needs of entrepreneurs in various industries.
In addition to their online banking platform, Live Oak Bank offers savings and loan products that help businesses maximize their financial potential, all while maintaining top-tier customer service through digital channels. Their efficient, streamlined approach to banking makes them a go-to for businesses that need flexibility and support without the hassle of traditional banking.
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Live Oak Bank’s Business Products
Live Oak Bank provides a variety of business products designed to help small businesses manage their finances and grow effectively. Here are some of the key offerings:
- Business Savings Accounts
Live Oak Bank’s Business Savings accounts are ideal for businesses looking to earn competitive interest rates on their savings while maintaining easy access to their funds. These accounts offer attractive rates compared to traditional banks, making them a great option for businesses that want to grow their savings passively. - SBA Loans
As one of the top SBA lenders in the country, Live Oak Bank offers SBA 7(a) loans and SBA 504 loans, both of which are designed to help small businesses access the capital they need to grow. These loans can be used for a variety of purposes, including purchasing real estate, refinancing debt, or funding equipment purchases. Live Oak Bank’s expertise in this area ensures that businesses receive guidance and support throughout the loan process. - Business Checking Accounts
Though Live Oak Bank doesn’t have a wide range of checking products, they offer simple and streamlined business checking options designed to meet the everyday needs of small business owners. With no physical branches, all banking services are available online, making it easy for business owners to manage their funds from anywhere. - Business CDs (Certificates of Deposit)
Live Oak Bank also offers Business CDs, which provide a fixed interest rate for a set term, allowing businesses to earn more on their deposits. These are great for businesses with extra cash reserves that they don’t need immediate access to but want to see grow with minimal risk. - Business Lending Solutions
Aside from SBA loans, Live Oak Bank also provides other lending options such as equipment financing and loans for various industries. Their expertise allows them to cater to niche markets, ensuring businesses across sectors can find financial products tailored to their needs.
Whether you’re looking to maximize your business’s savings, take out a loan, or invest in long-term CDs, Live Oak Bank offers products to help your business grow efficiently and effectively. Their commitment to small businesses shines through in every product they offer, ensuring you have the financial tools to succeed.
Our Take on the Live Oak Bank Business Savings Promotion
This Live Oak Bank promotion is an excellent opportunity for businesses with substantial cash reserves to earn a little extra. The $200 bonus is a great reward for maintaining a balance you might already have in savings. Plus, Live Oak Bank’s competitive interest rates ensure that your money continues to grow even after you receive your bonus. Don’t miss out—this promotion ends on January 13, 2025, so take action soon!
READ MORE: FIND MORE BUSINESS & PERSONAL BANK BONUSES HERE
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