Live Oak Bank: Savings Account & Rates

By Aviel Fahl

Updated: 2/7/2026

Mission: Banksparency aims to make Live Oak Bank's savings account transparent and comparable to the market.

Interest rates reported as APY

Analysis of Live Oak Bank

Our verdict

Live Oak Bank offers Personal Savings, a high-yield savings account paying 3.80% APY with no minimum deposit.

At 3.80% APY, Live Oak Bank pays 10x the national average (0.39%). Ranks in the top tier of 99+ accounts tracked.

Ideal User Profile

Best for: simple saving without extra requirements and banking without needing a branch.

Important Considerations

iOS app has a low rating (2.5).

Savings Overview

Personal Savings

3.80% APY

Rate Adjusted

-0.10%

Since 90 days ago

No Minimums Online Only

Min. Deposit	$0
Min. Balance	$0.01
Maintenance Fee	$0

Rank #38 of 99 tracked.

Market Reality Check

This bank offers rates below the current top tier. The best rates we track are currently above 4.15% APY.

See Top Rates

National Avg: 0.39% (FDIC, 1/20/2026).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationWilmington, North Carolina
Founded2008
AffiliationSubsidiary of Live Oak Bancshares, Inc. (NYSE: LOB)
Ratings & Trust
2.5iOS 3.1Android A-BBB Not BBB Accredited
Zelle® SupportNo Support
Standard ACH or Wire transfers only.
Deposit InsuranceFDIC Insured(Cert: 58665)

Visit Official Website

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CIT Bank - Platinum Savings

Competitive APY - with a balance of $5,000+
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Highly rated mobile apps

FDIC Insured

Savings3.75%APY

Up to$300Bonus

Go to CIT Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$5,000
Mobile Ratings	iOS:4.8 Android:4.6

This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Feb 7, 2026

FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
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FDIC Insured

Savings3.50%APY

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Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$0
Mobile Ratings	iOS:4.8 Android:4.8

Savings Account: In-Depth View

Savings Account Offered by Live Oak Bank

Feature	Personal Savings
APY	3.80%Verified: 2/7/2026
APY Trend	Rate Adjusted -0.10% Since 90 days ago
Min. Deposit	$0
Min. Balance	$0.01
Monthly Fee	$0
Direct Deposit	None
Checking Bundle	No
Branch Access	None
Compounding	Daily
FDIC Insured	Yes
Eligibility	United States
Next Steps	-

Calculate Savings for Live Oak Bank

All calculations are based on APY.

Selected Product

Personal Savings3.80% APY

Initial Deposit

Recurring Deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$1,485.90(9.6%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$15,485.90

Effective APY

3.80%

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

Last 12 Months

Metric	Personal Savings
Latest APY	3.80%
Trend	Sideways
Slope (bps/mo)	-3.5
Rate Changes / Mo	0.33
Days Since Last Change	35
High (-12m)	4.20%
Low (-12m)	3.80%
Draw-down	-9.5%
Volatility (CV)	0.033

How to read these metrics▼

Trends & Velocity

Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
Slope (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
Rate Changes / Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

High/Low: The absolute ceiling and floor of the rate during the 365-day window.
Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.

Compare with Live Oak Bank

Feature	Current View Live Oak Bank	Empty Slot
Product	Personal Savings	-
APY	3.80%Verified: 2/7/2026	-
APY Trend	Rate Adjusted -0.10% Since 90 days ago	-
Min. Deposit	$0	-
Monthly Fee	$0	-
Direct Deposit	No	-
Checking Bundle	No	-
Branch Access	None	-
Eligibility	United States	-
Compounding	Daily	-
FDIC Insured	Yes	-
Next Steps	-	-