Featured Savings Rates
Featured Accounts

Live Oak Bank

Popular Accounts at this Bank

1.40%SavingsSavings Account
1.40%1-year CD1 Year CD
1.50%18-month CD18 Month CD

Overview / Commentary
1741 Tiburon Drive
Wilmington, NC 28403

Live Oak Bank is headquartered in Wilmington and is the 9th largest bank in the state of North Carolina. It is also the 393rd largest bank in the nation. It was established in 2008 and as of June of 2017, it had grown to 434 employees at 1 location. Live Oak Bank's savings rates are 3X the national average, and it has an A health rating.

Related Posts

Live Oak Bank Ups Savings Account Rate - 8/8/2017

Today Live Oak Bank increased its Savings account rate to 1.40% APY. This is the highest rate on a nationally available savings account.

Savings APY Increased To 1.40% - 8/8/2017

Live Oak Bank increased the APY TO 1.40% effective today.

Live Oak Bank (Internet Bank) Ups Savings Account Rate - 7/7/2017

Live Oak Bank (internet bank) has raised the rate on its new Savings Account to 1.35% APY. There is no minimum opening deposit, but the maximum balance is capped at $5m.

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Simple Process, Best Rate

Posted by: jasonsv | Aug 30, 2017

The setup and transfer process was very easy, and you can get up with someone immediately if you have a question; A real, live person, that speaks English at that. Savings account rate is the highest in the country, so, since they're FDIC insured for up to $250K, it's a no-brainer.

Five Day Hold With No Interest For Transfers!

Posted by: Tekka | Jun 23, 2017

I opened a Savings account with this bank this past week. I already had a CD there. The CD provides no statements, just an online list of transactions and a 1099-Int. The interest rate was good at the time I opened it, so no big deal.

However, it turns out that there is a 5 day hold on the money I deposited in my savings account. The money came out of my other bank account on Thursday but the CSR says I won't see it in my account until the next Wednesday. Meanwhile, the CSR confirmed and that I am NOT going to earning any interest on that money during that hold period.

There will also be a five day hold on any withdrawals. The CSR said this is because they use an "intermediary bank" for transfer transactions.

This was not made clear in any way before I opened the account. Despite the nice interest rate I won't be moving in any more money. That hold coming and going effectively lowers the interest rate paid.

Annoying Deposit Holds

Posted by: tvdjr40 | Aug 23, 2017

Been using this bank for 2 months because of the higher interest, but it does come at a price. Like several reviewers have posted, they sit on your deposits. Claim that they use a 3rd party to process your ACH deposit. They say it posts in 4 days, and then will start earning interest. They additionally say that deposit funds are held an additional 2 days for security and verification. My deposits status have sat in a "in process" for 5-7 days always, so I'm not sure about earning in 4 days. They almost act like they are not a regular bank


Posted by: muthuk | Jul 12, 2017

They are very unprofessional. Below is my experience to qualify why,
1. Account opening doesn't mention clearly that they accept applications ONLY from citizens & green card holders & that people waiting for green card & other legal resident aliens would not be accepted, yet they ask & take in your address, email address, social security number, driving license number, etc.
2. While processing they ask you to email soft copies of all these important documents (social security card, driving license, address proofs, etc) to service representative email address before finally saying we do not accept applications without green card..very suspicious practice..be careful dealing with them.



Health Grade Components

FDIC Certificate #58665
Year Established2008
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.93%
Return on Equity - YTD21.39%
Annual Interest Income$47.1MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$2.12B$1.33B
LoansQ2 2017vs Q2 2016$1.69B$1.01B
DepositsQ2 2017vs Q2 2016$1.89B$1.17B
Equity CapitalQ2 2017vs Q2 2016$182.5MM$131.4MM
Loan Loss AllowanceQ2 2017vs Q2 2016$19.8MM$12.3MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$0$16.00K
Real Estate OwnedQ2 2017vs Q2 2016$2.1MM$3.0MM
User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Savings APY Increased To 1.40%

FrankSavage |
Live Oak Bank increased the APY TO 1.40% effective today.

Savings Account APY Increased To 1.35%

FrankSavage |
Live Oak Bank has increased their Savings Account APY to 1.35%.

CD Rate Increases

ChasR |
Live Oak just increased its posted CD rates. There's nothing earth-shattering, but the most competitive new rates seem to be 1.70% APY for 2-year CDs and 1.80% APY for 3-year CDs.

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Always verify rates and promotions with the bank or credit union. We are not Live Oak Bank; we are a rate comparison website and cannot provide official rates or promotions.

Live Oak Bank Savings Account Rates

1.40%-$5mSavings Account
0.80%-$5mBusiness Savings

Live Oak Bank CD Rates

2.00%$2,500$250k5 Year CD
2.00%$2,500$250k5 Year Business CD
1.90%$2,500$250k4 Year CD
1.90%$2,500$250k4 Year Business CD
1.80%$2,500$250k3 Year CD
1.80%$2,500$250k3 Year Business CD
1.70%$2,500$250k2 Year CD
1.70%$2,500$250k2 Year Business CD
1.50%$2,500$250k18 Month CD
1.50%$2,500$250k18 Month Business CD
1.40%$2,500$250k1 Year CD
1.40%$2,500$250k1 Year Business CD
1.25%$2,500$250k6 Month CD
1.25%$2,500$250k6 Month Business CD

Live Oak Bank Locations
Live Oak Banking Company1757 Tiburon DriveWilmington, NC 28403