Live Oak Bank: Savings Accounts & Rates

Savings rates updated: 10/30/2025

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

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

We earn a commission if you open an account through some links on this page.

Savings Overview

Personal Savings: 4.00% APY(Rank 38 out of 81 tracked HYSAs)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.4% (as of 10/20/2025)

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%, consistent with 30 days ago
No minimum deposit required to open an account
No maintenance fees, making it cost-effective
A- BBB rating indicates solid trustworthiness

Considerations

Online-only bank may lack personal interaction
App Store rating of 2.5 suggests user dissatisfaction
Limited branch access due to online-only model
Google Play rating of 3.1 indicates mixed reviews

Summary: Live Oak Bank offers a competitive APY of 4.00% on its Personal Savings account, unchanged from the previous month. With no minimum deposit or maintenance fees, it is an attractive option for savers. However, it operates as an online-only bank, which may not suit everyone. User ratings on both the App Store and Google Play are below average, indicating potential issues with customer satisfaction.

Savings Account: In-Depth View

Savings Account Offered by Live Oak Bank

Feature	Personal Savings
APY	4.00% (as of 10/30/2025)
APY Trend	-0.10% QoQ
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.

Savings Product:

Personal Savings (APY: 4.00%)

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)	-2.6
Rate Changes / Mo	0.21
Days Since Last Change	65
High (-9 m)	4.20 %
Low (-9 m)	4.00 %
Draw-down from High	-4.8 %
Volatility (CV)	0.019

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 9 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 (-9 m): Highest APY in the last 281 days.
Low (-9 m): Lowest APY in the last 281 days.
Draw-down from High: How far today sits below the 9-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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Chase Bank - 0.01% APY
Chime - 1.00-3.50% APY
CIBC Bank USA - 3.92% APY
CIT Bank - 0.25-3.85% APY
Citibank - 3.40% APY
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ConnectOne Bank - 3.85% APY
Customers Bank - 3.73% APY
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Elevault - 4.34% APY
E*TRADE from Morgan Stanley - 3.75% APY
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Marcus by Goldman Sachs - 3.65% APY
MutualOne Bank - 4.07% APY
My Banking Direct - 4.20% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.50% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.20% APY
Peak Bank - 4.20% APY
Pibank - 4.60% APY
PNC - 3.85% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.05% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 3.90% APY
Primis Bank - 3.85% APY
Quontic Bank - 3.75% APY
RBMAX - 3.90% APY
Rising Bank - 4.10% APY
ROGER - 3.87% APY
Salem Five Direct - 3.81% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.01% APY
SmartyPig - 3.90% APY
SoFi Bank - 4.50% APY
Synchrony Bank - 3.80% APY
TAB Bank - 3.80% APY
TD Bank - 0.05-2.75% APY
The State Exchange Bank - 3.96% APY
TIMBR - 4.40% APY
UFB Direct - 3.51-3.71% APY
Upgrade - 3.42% APY
Valley Direct - 4.10% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-0.05% APY
Western Alliance Bank - 4.10% APY
Zynlo Bank - 4.20% APY

Feature	Live Oak Bank	Select a bank...
Product	Personal Savings	N/A
APY	4.00% (as of 10/30/2025)	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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Poppy Bank

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SoFi Savings: 4.50% APY

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ROGER Savings: 3.87% APY

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GO2bank

High Yield Savings: 4.50% APY

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