(Replace: Provide is again. Once more accessible to current prospects depositing new funds. Hat tip to reader David.)
Stay Oak Financial institution is an FDIC-insured web financial institution that’s targeted on lending to small companies. Their private financial savings account has a limited-time provide of a $200 bonus for those who deposit $20,000+ in new funds into their on-line financial savings account by 1/30/26 by way of this particular provide web page and preserve it there for 60 days. The present rate of interest is 3.80% APY. Direct deposit shouldn’t be required. Legitimate for each new and current prospects, so long as you’re including new cash (lookback date is 1/4/26).
Chosen fantastic print:
New and Current Prospects:
The promotion begins on January 5, 2026.
Just one bonus is accessible per Tax Identification Quantity per promotional interval.
Solely private financial savings accounts are eligible for the bonus provide. Checking accounts, certificates of deposit (CD) accounts, and fiduciary accounts (e.g., trusts) should not eligible for this provide.
Opening of a brand new account will likely be topic to approval by Stay Oak Banking Firm in its sole discretion.
A brand new account have to be opened between January 5, 2026 and January 30, 2026 to be eligible.
A brand new Stay Oak Financial institution private financial savings account have to be totally funded with at the very least $20,000 by 11:59 p.m. Japanese Time on January 30, 2026 to be eligible. If the account shouldn’t be totally funded by January 30, then it’s not eligible for the bonus provide.All funding of the brand new private financial savings account should encompass funds originating from an exterior monetary establishment to qualify; deposits or transfers originating from an current Stay Oak Checking account (private or enterprise) by way of inner switch, CD redemption, verify, ACH switch, wire, or mortgage proceeds don’t qualify for the bonus provide.
Starting on the date in January 2026 that the brand new account attains a steadiness of at the very least $20,000, if the steadiness stays equal to or exceeding $20,000 for 60 consecutive days, then the account will likely be eligible for the bonus if all different situations are met. If all eligibility standards are met, the $200 money bonus will likely be deposited to your open, eligible account inside 45 days following the expiration of the 60-day interval.
Your new account should not be closed or restricted on the time of payout with a purpose to obtain the bonus. Stay Oak Financial institution reserves the proper to withdraw or withhold the bonus provide from any buyer, with or with out discover, if fraud or different suspicious exercise is suspected.
Any promotional quantities acquired could also be topic to taxation.
Current Prospects:
Along with the opposite necessities for the bonus provide, current Stay Oak Financial institution prospects should keep their current account balances (not together with curiosity accrued however not credited to the account) at or above the end-of-day steadiness as of January 4, 2026 at 11:59:59 p.m. ET throughout their current private financial savings with a purpose to be eligible for the bonus provide.
Bonus math. This can be a 1% bonus on $20,000 for those who preserve it there for 60 days, which makes it the equal of 6% APY annualized. Bonus will likely be paid round Day 105 and the account have to be open at the moment, however you solely want to take care of full steadiness via Day 60. The bonus is on high of the usual rate of interest, at the moment a aggressive 3.80% APY as of 1/6/26.
This equal of roughly 9.80% whole APY over 60 days makes it a stable provide for these with suitable balances in search of short-term place to carry their money for a couple of months. Stay Oak Financial institution appears to return and go along with the competitiveness of their charges, however it’s good that that is accessible to current prospects.