Live Oak Bank is offering great rates for their online certificate of deposit (CD) accounts for consumers and businesses. Secure your financial future with competitive rates and FDIC insurance. Learn more!
Key Takeaways
- High Returns: Earn up to 5.00% APY on a 1-year CD.
- Security: FDIC insured accounts, ensuring safety and reliability.
- Flexibility: Terms range from 6 months to 5 years, tailored to your financial goals.
- Accessibility: Easy online account setup and management via a mobile app.
- Minimum Investment: Start investing with as little as $2,500.
Introduction
Searching for an exceptional way to grow your savings? Look no further than Live Oak Bank’s CD accounts, offering a standout 5.00% APY on 1-year terms.
With a robust history of competitive rates and a solid reputation, Live Oak Bank proves to be a dependable choice for savvy savers. Ready to secure your financial future? Let’s get started with a Live Oak CD account today!
Recent Updates
- Update 4/12/2024: The 1-year CD rates for both personal and business accounts is now 5.00% APY
- Update 1/19/2024: No changes this week. Compare this to the CDs offered by CIT Bank.
- Update 10/4/2023: Rate increases across all term lengths. Up to 5.40% APY.
- Update 8/24/2023: Highest rate is now 5.20% APY.
- Update 7/27/2023: 1 year term gets rate increase.
- Update 7/3/2023: Top rate has slight decrease.
- Update 3/22/2023: The APY rates for their 6-month and 1-year CDs have increased.
- Update 3/9/2023: The APY rates for their 6-month and 1-year CDs have increased.
- Update 2/17/2023: The APY rates for their 6-month and 1-year CDs have decreased.
- Update 12/27/2022: The APY rates for several term lengths increased.
See the Posts History below for all Live Oak Bank’s offers.
READ MORE: GET TOP OFFERS FROM CHASE, AXOS, BANK OF AMERICA AND BMO.
Live Oak Bank CD Account Details
Live Oak Bank CD accounts are available with terms ranging from 6 months to 5 years.
Here is a table with the current rates for the most popular CD terms offered by Live Oak.
Term | APY |
---|---|
6 Month CD | 4.80% |
9 Month CD | 4.90% |
1 Year CD | 5.00% |
- Available nationwide
- Minimum for APY: $2,500
- Maximum for APY: $250,000
TRENDING DEAL:
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 CD RATES
Posts History for Live Oak:
- Live Oak Bank Promotions: $300 Business Savings Account Bonus (Nationwide) – Ends 4/30/24
- Live Oak Bank Personal & Business Savings Accounts Earn 4.00% – 4.40% APY (Nationwide)
- Live Oak Bank Promotions: Up to $300 Business Checking & Business Savings Bonuses (Nationwide) – Ended
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.