Live Oak Bank: Savings Account & Rates
Mission: Banksparency aims to make Live Oak Bank's savings account transparent and comparable to the market.
Savings Overview
Personal Savings
| Min. Deposit | $0 |
| Min. Balance | $0.01 |
| Maintenance Fee | $0 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.25% APY.
Bank Overview
- HQ LocationWilmington, North Carolina
- Founded2008
- Ratings & Trust
- Deposit InsuranceFDIC Insured(Cert: 58665)
Our Take on Live Oak Bank
The Good
- Decent APY of 3.90%
- No minimum deposit or balance requirements
- No monthly maintenance fees
Considerations
- No physical branch access (online only)
- Poorly rated mobile apps on both platforms (iOS: 2.5, Android: 3.1)
Live Oak Bank offers a Personal Savings account with an attractive APY of 3.90%. This account has no minimum deposit or balance requirements and incurs no monthly maintenance fees. Additionally, there are no direct deposit requirements. However, it is important to note that Live Oak Bank operates online only, meaning there is no physical branch access. Users may also experience challenges with the bank's mobile apps, which have received low ratings on both iOS and Android platforms.
Savings Account: In-Depth View
Savings Account Offered by Live Oak Bank
| Feature | Personal Savings |
|---|---|
APY | 3.90%Verified: 12/14/2025 |
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
Savings Breakdown
- Interest Earned+$1,526.90(9.8%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,526.90
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 11 Months| Metric | Personal Savings |
|---|---|
Latest APY | 3.90% |
Trend | Sideways |
Slope (bps/mo) | -3.1 |
Rate Changes / Mo | 0.28 |
Days Since Last Change | 41 |
High (-11m) | 4.20% |
Low (-11m) | 3.90% |
Draw-down | -7.1% |
Volatility (CV) | 0.026 |
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 327-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 | 3.90%Verified: 12/14/2025 | - |
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 | - | - |
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