Live Oak Bank
Last Updated: 7/30/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldWe earn a commission if you open an account through some links on this page.
Quick Views
Personal Savings: 4.10% APY(Rank 37 out of 79 tracked HYSAs)
National Savings Interest Rate: 0.38% (as of 7/21/2025)
Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.
(Source: FDIC)Bank Overview
Location: Wilmington, North Carolina
Founded: 2008
Affiliation: Subsidiary of Live Oak Bancshares, Inc. (NYSE: LOB)
BBB Rating: A-
App Store Rating: 2.5/5
Google Play Rating: 3.2/5
Website: Visit Live Oak Bank
Our Take on Live Oak Bank
Highlights
- Current APY of 4.10% is competitive for a savings account.
- No maintenance fees or minimum balance requirements.
- BBB rating of A- indicates good trustworthiness.
- Online-only banking offers convenience.
Considerations
- App Store rating is only 2.5, indicating user dissatisfaction.
- Google Play rating is 3.2, suggesting mixed reviews.
- No branches available for in-person service.
- Direct deposit is not required but may limit account access.
Savings Account
Savings Account Offered by Live Oak Bank
Feature | Personal Savings |
---|---|
APY | 4.10% (as of 7/30/2025) |
APY Trend | Stable for the last quarter |
Minimum Deposit | $0 |
Minimum Balance for APY | $0.01 |
FDIC-insured | Yes |
Online Only | Yes |
Bundled Account | No |
Direct Deposit Required | No |
Compound Frequency | Daily |
Maintenance Fee | $0 |
Eligibility | United States |
Sponsored Link | |
No deposit agreement summary available for this bank. |
Calculate Savings for Live Oak Bank
Personal Savings (APY: 4.10%)
Total savings breakdown:
- Interest earned: $1,609.3 (10.31%)
- Total contributions: $13,000 (83.28%)
- Initial deposit: $1,000 (6.41%)
Your total balance
$15,609.30
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Live Oak Bank Savings Rates Over Time
Historical APY Insights
Metric | Personal Savings |
---|---|
Latest APY | 4.10 % |
Trend | Sideways |
Slope (bps/mo) | -2.4 |
Rate Changes / Mo | 0.16 |
Days Since Last Change | 90 |
High (-6 m) | 4.20 % |
Low (-6 m) | 4.10 % |
Draw-down from High | -2.4 % |
Volatility (CV) | 0.012 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-6 m)
- Highest APY in the last 189 days.
- Low (-6 m)
- Lowest APY in the last 189 days.
- Draw-down from High
- How far today sits below the 6-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Compare Live Oak Bank's Savings Account
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- Varo Bank - 2.50-5.00% APY
- Wells Fargo - 0.05-2.51% APY
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Feature | Live Oak Bank | Select a bank... |
---|---|---|
Product | Personal Savings | N/A |
APY | 4.10% (as of 7/30/2025) | N/A |
Bundled Account | No | N/A |
FDIC-insured | Yes | N/A |
Online Only | Yes | N/A |
Compound Frequency | Daily | N/A |
Minimum Deposit | $0 | N/A |
Minimum Balance for APY | $0.01 | N/A |
Maintenance Fee | $0 | N/A |
Direct Deposit Required | No | N/A |
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