High-Yield Savings Account

A Savings account that works for you

Your bank should pay you. That's why Live Oak pays a top rate and pairs it with exceptional service and security.

Open Account
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Maximize your savings.

Minimize your worries.

Earn 4.20% APY1

With our competitive interest rate, the more you save, the more you earn.

No Robots

Talk to a real person when you call our US-based support team.

Peace of Mind

FDIC insurance2 means your hard-earned money is protected.

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the perks of saving


Keep More of Your Money

Benefit from no monthly maintenance fees, and watch your money grow faster with a competitive savings rate.

Peace of Mind

Your deposits are FDIC-insured2  up to the maximum allowed by law, ensuring your money is safe and secure.

Personalized Service, Online Convenience

Open and manage your account online. Need help? Our US-based team is just a call away.

You Can Start Small

There are no minimum balance requirements, so you can start growing your savings no matter how small your initial deposit.

Plan for the Future

Easily manage beneficiaries online to ensure your savings are passed on according to your wishes.

meet live oak bank

Hi, we're Live Oak. Founded in 2008, our founders set out to revolutionize banking. Want to learn about our fresh approach to finance? Let's dive in. 

Ready to Earn 4.20% APY?1

Submit your online savings account application in minutes.

Get Started

1. Live Oak Bank Savings Annual Percentage Yield (APY) is valid as of 1/13/2025. 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.

See disclosures for details.