Live Oak Bank Savings Account

At live oak bank there s no monthly maintenance fee for savings accounts.

Live oak bank savings account.

What is the process to open a live oak bank business savings account. Live oak bank savings annual percentage yield apy is valid as of 9 10 2020. With live oak you re doing more than simply saving money your investments power progress in communities across the country. No minimum balance to open but customers must have a balance of 0 01 to earn interest.

No minimum opening balance or deposit required to open. 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. To open a business savings account we will ask for the personal information of the authorized signers business information and bank account information. Open a bank account learn more.

Brick and mortar banks by comparison can charge between 3 and 10 a month for a basic savings account. Live oak bank savings annual percentage yield apy is valid as of 9 10 2020. Rates may change at any time without prior notice before or after the account is opened. You ll be rewarded with personalized support and some of the most competitive savings and cd rates on the market.

No minimum opening balance or deposit required to open. No minimum balance to open but customers must have a balance of 0 01 to earn interest. Live oak bank does not currently offer business savings accounts for trusts.