Live Oak Bank is offering competitive rates on their savings accounts for consumers and businesses. See the current rates below.
- Live Oak Bank is an online bank serving small businesses and individuals nationwide.
- They offer FDIC-insured high-yield savings and CDs that pay competitive rates.
- They are the #1 SBA 7(a) lender by dollar volume in the nation and their mission is to be America’s small business bank.
- In addition to being the nation’s top SBA lender, Live Oak offers high-yield business savings accounts and small business checking accounts built for the self-employed.
- The small business savings account can be opened and managed online for free and provides human-powered customer support.
- When you deposit your money at Live Oak Bank, you’re helping to power small businesses across America.
Updates for Live Oak Bank products:
- Update 8/25/25: The rates for personal and business savings accounts decreased slightly.
- Update 8/1/25: The business savings APY decreased slightly to 3.25%.
- Update 5/1/25: The offer has changed. See the new rates below.
- Update 4/1/25: The business APY decreased slightly to 3.50%.
- Update 2/3/25: The business savings account APY is now 3.60%.
- Update 12/9/24: Earn $300 cash for personal savings or $200 for business savings for a limited time. Also the APY for the consumer savings account changed to 4.20% and business to 3.70%.
- Update 11/1/24: The Business Savings rate changed to 3.80%. See more details below.
- Update 10/2/24: Their APY rates have changed. See below. Want a $600 checking bonus? Check out this offer from BMO Bank.
- Update 1/19/24: The rates remained the same.
- Update 11/1/23: Live Oak increased the rate for Personal Savings from 4.15% to 4.40% APY.
- Update 10/17/23: Rate is still same the same.
- Update 8/18/23: Rate for Personal Savings account increased to 4.15% APY.
- Update 8/4/23: Live Oak still boasts one of the best rates in the nation for business savings accounts.
- Update 3/23/23: The APY rate for both the personal and business savings accounts have increased from 3.50% to 4.00%.
See the Posts History below for all Live Oak Bank’s offers.
Live Oak Bank Personal & Business Savings Accounts Details
Live Oak Personal Savings
Making the most of your money is easy with a savings account from Live Oak Bank. With competitive interest rates, no monthly maintenance fees or minimum balance requirements, and an easy connection to your other bank accounts, you can enjoy a simpler way to save.
- 4.00% APY (accurate as of 8/25/25)
- No minimum balance to open, but customers must have a balance of $0.01 to earn interest.
- Open account online in minutes
- Human-powered support
- FDIC insured up to $250,000
- No online banking or monthly maintenance fees
- Available to people nationwide
- Live Oak Bank CD accounts are available with terms ranging from 6 months to 5 years.
Trending Savings Account Deal:
CIT Bank Platinum Savings: Earn Up to $300 plus 3.85% APY
Looking for a safe, high-yield place to grow your savings before the year ends? With CIT Bank’s limited-time Platinum Savings offer, you can earn up to a $300 cash bonus when you...Show More
Looking for a safe, high-yield place to grow your savings before the year ends? With CIT Bank’s limited-time Platinum Savings offer, you can earn up to a $300 cash bonus when you deposit and maintain qualifying balances by December 8, 2025—plus enjoy a standout 3.85% APY on balances of $5,000 or more. That’s over nine times the national average, with no monthly fees and full FDIC insurance for peace of mind. Open your account online with as little as $100, fund it easily through transfer or mobile deposit, and start earning one of the most competitive savings rates in the country today. Show Less
READ MORE: GET TOP OFFERS FROM BMO, CIT and AXOS.
Live Oak Business Savings
Big banks offer high fees and low interest rates. Enjoy a better way to save for your business. High-yield interest. No monthly maintenance fees. No minimum balance requirements.
- 3.15% APY (accurate as of 8/25/25) – one of the best rates for business savings in the country
- No online banking or monthly maintenance fees
- No minimum balance to open, but customers must have a balance of $0.01 to earn interest.
- Open account online in minutes
- Human-powered support
- Available to businesses nationwide
- FDIC insured up to $250,000
Trending Offer
BlueVine Bonus: Earn $300 with a New Business Checking Account!
Open a Bluevine Business Checking account today and earn a $300 cash bonus! Simply apply with referral code RV300 before 12/31/2025, fund your account, and meet one of the...Show More
Open a Bluevine Business Checking account today and earn a $300 cash bonus! Simply apply with referral code RV300 before 12/31/2025, fund your account, and meet one of the qualifying activities, such as depositing $5,000 or spending $2,000 with your Bluevine debit card. Enjoy no monthly fees, unlimited transactions, and earn up to 2.0% APY on your checking balances, all with the convenience of mobile banking and FDIC insurance up to $3 million. Take control of your business finances with Bluevine—apply now and unlock your $300 bonus! Show Less
How To Open An Account
- Use the link above to start the online opening process.
- When you open an account, they will ask you for your name, address, date of birth and other information that will allow them to identify you.
- They may also ask to see your driver’s license or other identifying documents.
READ MORE: COMPARE WITH THE NATION’S BEST SAVINGS RATES
READ MORE: FIND THE BEST LIVE OAK BANK PROMOTIONS
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