Live Oak Bank Personal & Business Savings Accounts Earn Cash & 3.35% – 4.10% APY (Nationwide)

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 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.

• 4.10% APY (accurate as of 5/1/25)
• 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.

READ MORE: GET TOP OFFERS FROM CHASE, AXOS, AND BMO.

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.

• 3.35% APY (accurate as of 5/1/25) – 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

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