Apply in minutes. We’ll request business & personal information to verify your identity.
To fund your account, simply link an existing bank account and transfer funds.
Congratulations! You've opened a high-yield savings account for your business.
At Live Oak, we reward you with remarkable service and some of the most competitive savings and CD rates. Plus, banking with us means your money fuels the growth of small businesses across the country.
Our accounts have no online banking or monthly maintenance fees
Funds deposited are insured up to $250,000
Open your account in minutes and manage it completely online
Our customer success team is dedicated to providing you personalized support
1. Live Oak Bank Savings Annual Percentage Yield (APY) is valid as of 3/23/2023. 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.