Find the latest Live Oak Bank CD Rates, Offers, and Promotions here.
Best CD Rates: 5.00% APY 12-Month, 4.80% APY 6-Month, $2,500 Minimum, $250K Maximum.
Credit Inquiry: Unknown
About Live Oak Bank
Live Oak Bank was established in 2008 and currently has 478 employees. Live Oak Bank’s savings rates are several times the national average, and it boasts an A+ health rating.
They are one of the nation’s top originators of small business loans. However, this is not all they are limited to. Although they are known for small business loans, they also offer a wide array of products including CD rates for all your specific financial needs.
|Term||APY Rate||Minimum Deposit|
*The above rates are accurate as of 3/22/2023*
Live Oak Bank CD Rates
CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer the term, the higher APY rate you make.
Live Oak Bank’s Best CD Offer pays a great APY rate. They currently offer standard CD rates from 6-months to 60-months. If you’re interested in making a higher rate than a traditional savings account then make sure to check out Live Oak Bank’s CDs and their rates listed below.
- Minimum deposit: $2,500
- Maximum deposit: $250,000
- Early withdrawal penalty:
- Early Withdrawal of a CD with a term less than 24 months: 90 Days of Simple Interest
- Early Withdrawal of a CD with a term 24 months or greater: 180 Days of Simple Interest
|Compare to the best CDs such as Bellco Credit Union 17-Month CD (5.00% APY), Sallie Mae Bank 27-Month CD (5.15% APY), CIT Bank 18-Month CD (4.60% APY), Blue Federal Credit Union 15-Month CD (4.80% APY), Quontic Bank 12-Month CD (4.45% APY), Sallie Mae 14-Month No-Penalty CD (4.75% APY), and Western Alliance Bank 12-Month CD (5.01% APY).|
Live Oak Bank CD Features
- Extremely Easy to Open an Account
- Easy access through mobile banking
- Low Minimum Deposit
- Competitive Rate
- FDIC Insured
With a unique selection of CD lengths to choose from, you can be sure to find an account that best fits all your banking needs. Take advantage of a low required minimum balance of just $2,500.
An online account is ideal for Certificate of Deposits, which require very little maintenance. The rates are worth a look, but always compare them with the nation’s best using our guides: CD Rates | Savings Rates.
*While Live Oak does have decent rates with their launch, their product line is limited. I recommend to take a look at Discover Bank Promotions here
This is a great opportunity to invest in a high-interest CD from Live Oak Bank. However, you may want to compare them with our best CD Rates:
- Best 6-Month CD Rates
- Best 9-Month CD Rates
- Best 12-Month CD Rates
- Best 18-Month CD Rates
- Best 24-Month CD Rates
- Best 36-Month CD Rates
- Best 48-Month CD Rates
- Best 60-Month CD Rates
You might even find yourself earning more than a regular savings account. Be sure to apply as soon as you can to start your new account experience. Check back often for the latest Live Oak Bank CD rates!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
Larry Meyers says
Do you accept IRA transfer from other banks?
Lawrence J. Meyers says
Does Live Oak accept transfers of traditional IRA’s from other banks? Interested in your one year CD rate of 2.80%.