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 4.20% APY on a 1-year CD.
- Security: FDIC insured accounts, ensuring safety and reliability.
- Flexibility: Terms range from 3 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 4.20% APY on 12 Month 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!
- Update 2/3/25: The 12M CD has changed. See new rates below.
- Update 1/12/25: Their 18M CD has increased to 4.00% APY beginning January 13, 2025.
- Update 12/19/24: Live Oak Bank has increased their 12M rates to 4.40% APY.
- Update 12/3/24: Live Oak Bank has updated their Business and Personal CDs (6M,9M and 12M) rates.
- Update 10/14/24: Their rates changed. See new rates below.
- Update 9/14/24: Live Oak’s CD APY will change on Monday, September 16, 2024. See new rates below.
See the Posts History below for all Live Oak Bank’s offers.
READ MORE: GET TOP OFFERS FROM CHASE, AXOS, AND BMO.
Live Oak Bank Personal & Business CD Account Details
Live Oak Bank CD accounts are available with terms ranging from 3 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 | 4.00% |
| 9 Month CD | 4.10% |
| 12 Month CD | 4.20% |
| 18 Month CD | 4.00% |
Here’s a table showing the features of both the Business CD and Personal CD accounts from Live Oak:
| Feature | Personal & Business CD |
|---|---|
| FDIC Insurance | Up to $250,000 |
| Minimum Balance Required | $2,500 |
| Monthly Interest Disbursement Fee | $0 |
| Online Banking Fees | None |
| Monthly Maintenance Fees | None |
| Availability | Nationwide |
| Interest Disbursement | Can be automatically disbursed monthly |
| Account Management | Manage renewal preferences online |
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 Promotion: Earn a $300 Personal Savings Account Bonus (Nationwide) – Ends 5/16/25
- Live Oak Bank Personal & Business Savings Accounts Earn Cash & 3.50% – 4.20% APY (Nationwide)
- Live Oak Bank Business Savings Promotion: Earn a $200 Bonus (Nationwide) – Ended
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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