Insured Cash Sweep
BOOST YOUR SAVINGS. PROTECT YOUR ASSETS.
Businesses receive 3.65% APY1 and FDIC insurance coverage2 up to $10 million with Live Oak's Insured Cash Sweep3.
maximize return, minimize risk
3.65
Annual Percentage Yield1
Safeguard Your Deposits
Access up to $10 million3 in FDIC insurance coverage.
Superior Rate and No Fees
Earn Live Oak's high rate on every dollar deposited into the network, and avoid monthly fees.
A Single Banking Relationship
Eliminate multiple bank relationships by working directly with Live Oak to access maximum FDIC coverage.
Convenient Access to Funds
Request transactions through your dedicated business banker and receive your money within 1-2 business days.
How It Works
How to Get Started
Live Oak requires a minimum balance of $350,000 to enroll in our Insured Cash Sweep program. If you are interested, please complete this form, and a member of our Business Banking Group will contact you within one business day.
FAQs
We take the safety of your money at Live Oak very seriously. Live Oak Bank is a member of the Federal Deposit Insurance Corporation (FDIC). As a customer, your deposits are insured by the FDIC up to $250,000 per depositor, for each account ownership category.
Additionally, funds placed into Live Oak's Insured Cash Sweep through IntraFi Network Deposits can be insured up to $10 million.
Live Oak participates in the IntraFi Network Deposits along with over 3,000 FDIC-insured financial institutions. Funds placed into Live Oak's Insured Cash Sweep are deposited into other participating banks in increments smaller than $250,000. As a result, you can access FDIC coverage from many institutions while working directly with Live Oak.
If you have questions about Live Oak's Insured Cash Sweep, please email businesssupport@liveoak.bank.
1. Live Oak Bank Savings Annual Percentage Yield (APY) is valid as of 11/1/2024. 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. Live Oak requires a minimum balance of $350,000 to enroll in our Insured Cash Sweep program. Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. 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). 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. IntraFi Cash Service and the IntraFi hexagon are service marks, and IntraFi, ICS, and CDARS are registered service marks of IntraFi Network LLC.