Live Oak Bank: Savings Accounts & Rates

Savings rates updated: 9/12/2025

Mission statement: Banksparency aims to make Live Oak Bank's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

Note: Interest rates below are reported as APY, or Annual Percentage Yield

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Savings Overview

Personal Savings: 4.00% APY(Rank 55 out of 83 tracked HYSAs)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.39% (as of 8/26/2025)

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)

Deposit Insurance: FDIC Cert # 58665

BBB Rating: A

App Store Rating: 2.5/5

Google Play Rating: 3.1/5

Website: Visit Live Oak Bank

Our Take on Live Oak Bank

Highlights

Current APY of 4.00%, competitive for high-yield savings.
No minimum deposit requirement of $0.
No maintenance fees, allowing full access to savings.
BBB rating of A, indicating trustworthiness.

Considerations

APY decreased from 4.10% in the last 30 days.
App Store rating is low at 2.5.
Google Play rating is also modest at 3.1.
Online-only bank may lack in-person support.

Summary: Live Oak Bank offers a competitive APY of 4.00% on its Personal Savings account, with no minimum deposit or maintenance fees, making it attractive for savers. However, the APY has decreased from 4.10% in the past month. The bank's ratings on app platforms are relatively low, which may concern potential customers. As an online-only institution, it may not provide in-person support, which could be a drawback for some users.

Savings Account: In-Depth View

Savings Account Offered by Live Oak Bank

Feature	Personal Savings
APY	4.00% (as of 9/12/2025)
APY Trend	-0.10% MoM
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

All calculations are based on APY.

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,568.1 (10.07%)
Total contributions: $13,000 (83.50%)
Initial deposit: $1,000 (6.42%)

Your total balance

$15,568.10

Effective APY: 4.00% (based on your deposit and contributions)

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	4.00 %
Trend	Sideways
Slope (bps/mo)	-2.5
Rate Changes / Mo	0.26
Days Since Last Change	18
High (-8 m)	4.20 %
Low (-8 m)	4.00 %
Draw-down from High	-4.8 %
Volatility (CV)	0.015

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 8 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 (-8 m): Highest APY in the last 234 days.
Low (-8 m): Lowest APY in the last 234 days.
Draw-down from High: How far today sits below the 8-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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Feature	Live Oak Bank	Select a bank...
Product	Personal Savings	N/A
APY	4.00% (as of 9/12/2025)	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