Live Oak Bank High-Yield Business Savings

Finally, the Rate Your Business Deserves. 3.35% APY¹

When you open a high-yield business savings account, you'll earn a consistently competitive rate to maximize your returns. Accounts are FDIC insured² with no minimums or maintenance fees.

Competitive rate earning 8x the national average³

FDIC insured² — protected, giving you peace of mind

No monthly maintenance fees or minimum balance to open

Open Account

Live Oak Bank business savings rate comparison chart to the national average % APY

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Fuel Your Growth

Maximize Your Returns

Our competitive business savings interest rates fuel your growth.

Protect Your Assets

Your deposits are FDIC-insured², safeguarding your business from financial risks.

Streamline Your Financial Management

Open your business savings account online and add authorized signers to accelerate efficiency.

Integrate with Your Accounting Software

Connect your account to QuickBooks for seamless financial tracking and reporting.

Avoid Unnecessary Costs

Benefit from no monthly maintenance fees, boosting your business' bottom line.

Your Business, Your Bank

Watch our video to learn how to choose the right business banking partner. Discover the importance of FDIC insurance, exceptional customer service, transparent fees, and seamless QuickBooks integration. Before you apply, have these ready:

Driver’s License
Six-Digit NAICS Code
EIN/Business Tax ID
Articles of Organization

*Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Live Oak requires a minimum balance of $350,000 to enroll in our Insured Cash Sweep program. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). Additionally, all deposits at a destination bank in the same ownership category will be aggregated for the SMDIA. The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. IntraFi Cash Service and the IntraFi hexagon are service marks, and IntraFi, ICS, and CDARS are registered service marks of IntraFi Network LLC.

1. Live Oak Bank Savings Annual Percentage Yield (APY) is valid as of 5/1/2025. No minimum opening balance or deposit required to open. Rates may change at any time without prior notice, before or after the account is opened. No minimum balance to open, but customers must have a balance of $0.01 to earn interest. Fees may reduce earnings.

2. Live Oak Bank is a member of the Federal Deposit Insurance Corporation (FDIC). As a Live Oak Bank customer, your Live Oak Bank deposits are insured by the FDIC up to $250,000 per depositor, for each account ownership category.

3. National savings average rate courtesy of the FDIC’s Weekly National Rates and Rate Caps, as of 3/17/2025; average rate used is for deposits under $2,500.

See disclosures for details.

Finally, the Rate Your Business Deserves. 3.35% APY¹