Featured Savings Rates
Featured Accounts
Overview / Commentary
877-890-5867
1741 Tiburon Drive
Wilmington, NC 28403

Live Oak Bank is headquartered in Wilmington and is the 9th largest bank in the state of North Carolina. It is also the 368th largest bank in the nation. It was established in 2008 and as of September of 2017, it had grown to 473 employees at 1 location. Live Oak Bank's savings rates are 3X the national average, and it boasts an A+ health rating.

Related Posts

Live Oak Bank's Savings Account Is Now Top Rate Leader at 1.50% APY - 12/14/2017

Live Oak Bank raised the rate on its Savings Account to 1.50% APY, making it the top rate for nationally available savings accounts. No min deposit, capped at $250k.

CD Rates Increases - 12/14/2017

Live Oak has just increased posted CD rates --they now include a 1.80% APY 1-year CD and 2.00% APY 2-year CD, among others.

Savings Account Now Earning 1.45% APY - 12/1/2017

Live Oak has raised the rate on its Savings Account to 1.45% APY.

View all posts from:


Good Rate!

Posted by: renatl | Dec 14, 2017

They have raised their rate twice now! It was 1.40% when I signed up like (2) months ago, now it is 1.50%. Good customer service and nice website. I highly recommend this account for savings!

Amazing Bank

Posted by: RandyP | Oct 12, 2017

I opened an account less than a month ago and needed (unexpectedly) to pull most of my money out. I called and got personal EXCELLENT help and they exceeded their promises. I have accounts with several other banks and had to call all of them for the same help. LiveOakBank was TOPS in responsiveness and help. I will continue to do business (and recommend them to everyone) due to their amazing website, ease of use, helpfulness, and delivery. I can't say enough good about them!

Five Day Hold With No Interest For Transfers!

Posted by: Tekka | Jun 23, 2017

I opened a Savings account with this bank this past week. I already had a CD there. The CD provides no statements, just an online list of transactions and a 1099-Int. The interest rate was good at the time I opened it, so no big deal.

However, it turns out that there is a 5 day hold on the money I deposited in my savings account. The money came out of my other bank account on Thursday but the CSR says I won't see it in my account until the next Wednesday. Meanwhile, the CSR confirmed and that I am NOT going to earning any interest on that money during that hold period.

There will also be a five day hold on any withdrawals. The CSR said this is because they use an "intermediary bank" for transfer transactions.

This was not made clear in any way before I opened the account. Despite the nice interest rate I won't be moving in any more money. That hold coming and going effectively lowers the interest rate paid.

Deal Breaker (Update)

Posted by: redfarm | Aug 11, 2017

As folks have posted, losing 3-4 days or more of interest when transferring money to Live Oak either through a push or pull is a deal breaker. It effectively lowers the interest earned. When transferring money for example into Pure Point Bank from an external bank it posts the transaction the same day and you're earning interest immediately.

UPDATE - Learning that Live Oak had changed the firm handling their ACH transfers I decided to try them. The posting of deposits is much longer than other banks. So bad that it appears to be intentional in order to hold your money interest free.

Opening the savings account meant uploading my driver’s license, my tax return (or social security card), and my utility bill.

Pushing in deposits from an external bank appears to take a few days. When the money finally appears in the account balance it still does not appear in the transaction activities until another day has passed.

Pulling in a deposit from an external bank also takes a few days to post.

Only three external banks may be linked.

The web site does not show a changing balance along side each transaction activity therefore making it more work to determine whether it's accurate.

Customer service by messaging, or email, is attentive, helpful, and timely.

VIEW MORE REVIEWS

Health
A+

Health Grade Components

Overall
FDIC Certificate #58665
Year Established2008
Employees473
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.88%
Return on Equity - YTD20.56%
Annual Interest Income$75.5MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$2.35B$1.60B
LoansQ3 2017vs Q3 2016$1.86B$1.10B
DepositsQ3 2017vs Q3 2016$2.08B$1.42B
Equity CapitalQ3 2017vs Q3 2016$222.4MM$137.9MM
Loan Loss AllowanceQ3 2017vs Q3 2016$21.3MM$15.2MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$0$16.00K
Real Estate OwnedQ3 2017vs Q3 2016$2.2MM$2.2MM
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

CD Rates Increases

ChasR   |  
Live Oak has just increased posted CD rates --they now include a 1.80% APY 1-year CD and 2.00% APY 2-year CD, among others.

Savings Account Now Earning 1.45% APY

Carpline   |  
Live Oak has raised the rate on its Savings Account to 1.45% APY.

CD Rates Increases

ChasR   |  
Live Oak increased its posted CD rates today--they now include a 1.65% APY 1-year CD and 2.30% APY 5-year CD, among others.

Rates
Skip to rates for:
Report an Issue

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
1.50%-$5mSavings Account
1.05%-$5mBusiness Savings

Live Oak Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.40%$2,500$250k5 Year CD
2.40%$2,500$250k5 Year Business CD
2.20%$2,500$250k4 Year CD
2.20%$2,500$250k4 Year Business CD
2.10%$2,500$250k3 Year CD
2.10%$2,500$250k3 Year Business CD
2.00%$2,500$250k2 Year CD
2.00%$2,500$250k2 Year Business CD
1.85%$2,500$250k18 Month CD
1.85%$2,500$250k18 Month Business CD
1.80%$2,500$250k1 Year CD
1.80%$2,500$250k1 Year Business CD
1.40%$2,500$250k6 Month CD
1.40%$2,500$250k6 Month Business CD
Locations


Live Oak Bank Locations
Live Oak Banking Company1757 Tiburon DriveWilmington, NC 28403