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Live Oak Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Overview / Commentary
www.liveoakbank.com
866-518-0286
1757 Tiburon Drive
Wilmington, NC 28403

Live Oak Bank is the 140th largest bank in the nation. It was established in 2008 and as of September of 2024, it had grown to 976 employees. Live Oak Bank's savings rates are 8X the national average, and it has an A health rating.

Related Posts

Still Available: Live Oak Bank's 60 Day, $20K, 13.20% CD - 1/9/2025

Open a savings acct w/ Live Oak, deposit $20k, park it there for 60 days, and you'll receive a $300 bonus. The acct pays 4.20%, so in 60 days you'll receive $140 interest, for a total of $440, which is an APY of slightly more than 13.20%. Note that the acct must be open AND FUNDED by Mon. in order to receive the bonus. https://www.liveoakbank.com/personal-savings/

Live Oak Bank $300 Savings Account Bonus - 11/15/2024

For a limited time, Live Oak Bank is offering a $300 Cash Bonus when opening a new Personal Savings Account (4.30% APY, $0 min/$5m max). Deposit at least $20,000 into your account by 1/13/25.

View all posts from:

12/28/22 - Live Oak Bank Increases Savings Rate To 3.50% APY
11/22/22 - Live Oak Bank Raises Savings To 3.10% APY
11/11/22 - Live Oak Bank 1-Year CD Rate Jumps Upward
11/10/22 - Live Oak Raises One Yr CD To 4.5% With $2,500 Minimum
11/10/22 - Rate Change
10/25/22 - Live Oak Bank Increases Savings Rate To 2.75% APY
10/4/22 - Live Oak Bank Increases Savings Rate To 2.30% APY
8/30/22 - Live Oak Bank Savings Account Earns 2.00% APY Eff. 8/30/22
8/5/22 - Live Oak Bank To 1.75% APY
7/11/22 - Live Oak Bank Savings From 1.05% To 1.40% (APY)
6/9/22 - Savings Increase To 1.05% APY Effective 6/10/22
5/10/22 - Live Oak Bank Online Savings From 0.60 To 0.80
5/6/22 - Live Oak Bank Substantially Boosts Rates On All CDs
4/14/22 - Live Oak Bank Substantially Increases All CD Rates
3/4/22 - Live Oak Bank Offers $200 Bonus For New Savings Accounts
3/1/22 - Earn A $200 Bonus When You Deposit $25,000 In A New Live Oak Savings Account.
2/5/22 - Live Oak Bank Ups Rates On All CDs To Market-Leading Levels
1/19/22 - Live Oak Bank Increases Rates On All CDs
9/30/21 - Live Oak Bank Increases Rates On Three CDs
7/21/21 - Live Oak Plans To Restrict Online Access To Text Authentication Only
6/8/21 - Savings Rate Lowered
4/23/21 - Live Oak Bank Savings Rate Drops To 0.55%
11/24/20 - Rate Reduced To 0.60% APY For Savings
11/13/20 - Live Oak Bank Increases 5-Year CD Rate
9/9/20 - Live Oak Bank Personal Savings Rate Falls To 0.70% APY Eff. 9/10/2020
8/6/20 - Early Withdrawal Penalty Waived On CD Accounts
8/5/20 - Rate Drops To .85% APY Starting On 6 Aug 2020
7/7/20 - Live Oak Savings Rate Drops To 1% From 1.15%
6/17/20 - Live Oak Joins The Pack
5/14/20 - Live Oak Drops Savings Rate To 1.35% APY Effective 5/15/20
4/23/20 - Live Oak Drops 1-Year CD To 1.60% From 1.90%.
4/22/20 - Savings Rate Dropping To 1.55% Effective 4/23/20.
4/22/20 - Live Oak Savings Drops To 1.55%
4/10/20 - Live Oak Bank 1-Year and 18-Month CDs Offer Top Rates
11/26/19 - Live Oak Bank Online Savings Cuts To 1.85% APY
11/8/19 - CD Rate Cut 15 Basis
10/2/19 - Savings Account Rates Drop From 2.15% To 2.00%
9/26/19 - CD Rate Drops At Live Oak Bank
9/18/19 - CD Rates Drop Again
9/11/19 - Savings Drops To 2.15% APY
3/20/19 - CD Rate Drops
2/23/19 - Live Oak Bank Savings Account Now Earns 2.30% APY
2/22/19 - Savings Account Increase
2/15/19 - Downward CD Movement
1/11/19 - Live Oak Bank Savings Account Rises to 2.25% APY
1/9/19 - Live Oak Savings Moves Up To 2.25%
11/30/18 - Live Oak Bank 1-Year Nears The Top With New APY
11/28/18 - Live Oak Ups Saving Rate To 2.10
11/16/18 - Live Oak Bank Nudges 1-Year CD Rate Again
11/8/18 - Live Oak Bank Nudges 1-Year CD Rate
10/24/18 - Live Oak Bank's Savings Account Reaches 2.00% APY
10/24/18 - Live Oak Ups Savings Rate
10/10/18 - Live Oak Bank 1-Year CD Has A New APY
10/10/18 - Minor Increases
8/24/18 - Live Oak Lowers CD Rates
8/11/18 - Live Oak Bank (Internet Bank) 1-Year CD Rate Raised
8/9/18 - Slight CD Increase
7/18/18 - Live Oak Bank Increased Savings Account Rate To 1.80%
7/6/18 - Live Oak Bank (Internet Bank) 1-Year CD Rate Jumps
7/4/18 - Higher CD Rates
5/9/18 - Live Oak Bank - Confirm Your Account Info Is Correct
5/9/18 - 2-Year CD Rate Cut
4/26/18 - Live Oak Bank Lowers Rates On 2 Year And 18 Month CD's
4/18/18 - Increase In 1-Year CD Rate
3/22/18 - Live Oak Bank Savings Account APY Climbs
3/21/18 - Savings Now At 1.70%
3/15/18 - Live Oak Bank Once Again Pulls Ahead In The Rates Race
3/15/18 - Another Bump Up At Live Oak
3/7/18 - CD Rates Up As Of 3/7/18
1/31/18 - Live Oak Bank Pushes CD Rates Upward
1/17/18 - Live Oak Bank Takes The Lead In One Year CD Rate 2.10%
1/17/18 - Live Oak Bank Ups 1-Year CD And Savings Account Rates
1/11/18 - Live Oak Bank's 1-Year CD Joins The 2% APY Club
1/10/18 - CD Rate Increases
12/14/17 - Live Oak Bank's Savings Account Is Now Top Rate Leader
12/1/17 - Savings Account Now Earning 1.45% APY
11/1/17 - CD Rates Increases
8/8/17 - Live Oak Bank Ups Savings Account Rate
7/7/17 - Live Oak Bank (Internet Bank) Ups Savings Account Rate
7/6/17 - Savings Account APY Increased To 1.35%
6/22/17 - CD Rate Increases
6/13/17 - Live Oak Bank (Internet Bank) Adds Savings Account
6/12/17 - Savings Account
3/22/17 - Live Oak Brokered CDs
3/15/17 - 1-Year CD Rate Increase
1/25/17 - Live Oak Bank (Internet Bank) Increases Short-Term CD Rates
8/3/16 - Competitive 12 Month CD At Live Oak, 1.30% APY.
8/1/16 - Live Oak Drops 4- And 5-Year CD Rates
2/25/16 - 6-Month CD Added
2/1/16 - Live Oak Bank (Internet Bank) Raises Rates On All Its CDs
2/1/16 - Live Oak Bank 1Yr CD 1.3%APY More Terms Available
6/2/15 - End Date Extended On 24-Month CD, 1.50% APY
5/19/15 - Live Oak Bank Offers Limited-Time, Top Rate 24-Month CD - Online Only
4/22/15 - Live Oak Bank Has Limited-Time, Top Rate 12-Month CD
4/20/15 - Top Rate 1.40% APY 1 Year CD, Live Oak Bank. Quick Look.
4/2/15 - Live Oak Bank Offers Limited Time, Top-Rate 24-Month CD
4/1/15 - 1.50% APY 24 Month CD At Live Oak. Quick Look.
2/19/15 - Top 5-Year CD Rate at Live Oak Bank
2/28/13 - Top Money Market and CD Rates at Live Oak Bank - North Carolina Only

Reviews (45)

Great Bank

Posted by: |

This bank is always ranked as one of the best places to work. It is a one branch bank headquartered on a beautiful campus in Wilmington NC. Its niche is SBA lending. Account opening is easy as is moving money. I bought the stock a few years ago and it’s had great returns compared to most banks. Highly recommend this bank.

4

Great Service

Posted by: |

This is my favorite bank to do business with. Customer service is always friendly and accessible, and they bend over backwards to help whenever there is a problem. Very competitive rates on CD and savings as well, and the web interface is very good.

19

Dont Use This Bank

Posted by: |

Greetings, i had a savings account here and they decided to start charging me a dormant fee for not using it enough.

Who does that?

Well these guys do and they refused to remove the fees.

Closed the account and went on a negative review spree.

9

100% Satisfied - Best Biz Bank I've Ever Had

Posted by: |

Opened a Business Savings Account and 6-Month CD in January of 2023. Easy process. When rates rose, it was reflected in the Savings Account automatically. The CD funds were easily transferred into the savings account at maturity. Moving funds from Live Oak to my external biz account and vice-versa was just too easy through the web interface. Couldn't ask for more.

5
VIEW MORE REVIEWS

Health
A

Data as of Q3 2024

Capitalization grade does not factor in PPP loans and the use of the PPP Liquidity Facility.
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #58665
Year Established2008
Employees976
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD10.73%
Annual Interest Income$599.2MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$12.53B$10.87B
LoansQ3 2024vs Q3 2023$10.02B$8.65B
DepositsQ3 2024vs Q3 2023$11.47B$10.09B
Equity CapitalQ3 2024vs Q3 2023$975.3MM$710.4MM
Loan Loss AllowanceQ3 2024vs Q3 2023$168.7MM$121.3MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$17.8MM$18.2MM
Real Estate OwnedQ3 2024vs Q3 2023$8MM$6.7MM
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Rates
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Always verify rates and promotions with the bank or credit union. We are not Live Oak Bank; we are a rate comparison website and cannot provide official rates or promotions.

Live Oak Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.20%$0$5mPersonal Savings
3.70%$0$5mBusiness Savings

Live Oak Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.40%$2.5k$250k1 Year CD
4.40%$2.5k$250kBusiness 1 Year CD
4.10%$2.5k$250k9 Month CD
4.10%$2.5k$250kBusiness 9 Month CD
4.00%$2.5k$250k18 Month CD
4.00%$2.5k$250k6 Month CD
4.00%$2.5k$250kBusiness 6 Month CD
4.00%$2.5k$250kBusiness 18 Month CD
3.00%$2.5k$250k3 Month CD
3.00%$2.5k$250kBusiness 3 Month CD
2.00%$2.5k$250k2 Year CD
2.00%$2.5k$250k3 Year CD
2.00%$2.5k$250k5 Year CD
2.00%$2.5k$250k4 Year CD
2.00%$2.5k$250kBusiness 2 Year CD
2.00%$2.5k$250kBusiness 3 Year CD
2.00%$2.5k$250kBusiness 4 Year CD
2.00%$2.5k$250kBusiness 5 Year CD
Locations

Live Oak Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 1757 Tiburon Drive - Wilmington, NC 28403

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.