With Live Oak Bank, businesses can earn 2.70% APY1, along with access to millions in aggregate FDIC insurance coverage through the IntraFi® 's network of banks2.
Access millions in aggregate FDIC insurance coverage2 across network banks.
Earn Live Oak's high rate on every dollar deposited into the network and avoid monthly maintenance fees.
Eliminate multiple bank relationships by working directly with Live Oak to access FDIC coverage.
Request transactions through your dedicated business banker and receive your money within 1-2 business days.
Live Oak requires a minimum balance of $350,000 to have your funds placed in IntraFi Cash Service. If you are interested, please complete this form, and a member of our Customer Success Team will contact you shortly.
We take the safety of your money at Live Oak very seriously. Live Oak Bank is a member of the Federal Deposit Insurance Corporation (FDIC). As a customer, your deposits are insured by the FDIC up to $250,000 per depositor, for each account ownership category.
Additionally, funds placed through IntraFi Cash Service2 are eligible for millions in aggregate FDIC insurance across IntraFi's network of banks.
Live Oak is a member of the IntraFi Network along with over 3,000 FDIC-insured financial institutions. Funds placed through IntraFi Cash Service are divided into amounts under the standard FDIC insurance maximum of $250,000 and allocated to network banks. As a result, you can access FDIC coverage from many institutions while working directly with Live Oak.
A list identifying IntraFi network banks can be found at www.IntraFi.com/network-banks. Certain conditions must be satisfied for "pass-through" FDIC deposit insurance coverage to apply. To meet these conditions, deposit accounts are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage.
If you have questions about IntraFi Cash Service, please email businesssupport@liveoak.bank.
