Live oak bank savings annual percentage yield apy is valid as of 9 10 2020.
Live oak bank savings account.
No minimum opening balance or deposit required to open.
What is the process to open a live oak bank business savings account.
National savings average rate courtesy of the fdic s weekly national rates and rate caps as of.
No minimum opening balance or deposit required to open.
To open a business savings account we will ask for the personal information of the authorized signers business information and bank account information.
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.
At live oak bank there s no monthly maintenance fee for savings accounts.
No minimum balance to open but customers must have a balance of 0 01 to earn interest.
Brick and mortar banks by comparison can charge between 3 and 10 a month for a basic savings account.
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.
Open a bank account learn more.
Rates may change at any time without prior notice before or after the account is opened.
Live oak bank does not currently offer business savings accounts for trusts.
No minimum balance to open but customers must have a balance of 0 01 to earn interest.