Live Oak Bank Savings Account

No minimum balance to open but customers must have a balance of 0 01 to earn interest.

Live oak bank savings account.

No minimum balance to open but customers must have a balance of 0 01 to earn interest. To open a business savings account we will ask for the personal information of the authorized signers business information and bank account information. Live oak bank savings annual percentage yield apy is valid as of 9 10 2020. As a live oak bank customer your live oak bank deposits are insured by the fdic up to 250 000 per depositor for each account ownership category.

No minimum opening balance or deposit required to open. National savings average rate courtesy of the fdic s weekly national rates and rate caps as of. No minimum opening balance or deposit required to open. You ll be rewarded with personalized support and some of the most competitive savings and cd rates on the market.

At live oak bank there s no monthly maintenance fee for savings accounts. Open a bank account learn more. Rates may change at any time without prior notice before or after the account is opened. Live oak bank savings annual percentage yield apy is valid as of 9 10 2020.

Brick and mortar banks by comparison can charge between 3 and 10 a month for a basic savings account. Average rate used is for deposits under 100 000. Rates may change at any time without prior notice before or after the account is opened.