FDIC-Insured - Backed by the full faith and credit of the U.S. Government
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Live Oak Bank High-Yield Savings Account

Your Savings, Supercharged.

Our high-yield savings account offers a  1 APY with no monthly maintenance fees or minimum deposit to open.

 No catches. We believe in a simple, honest banking experience.

 Unmatched service. Get human-centered support from our US-based team.

 FDIC insured. Your money is protected, giving you peace of mind.2

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start saving in minutes

We've streamlined the process so you can start earning more today.

 

1. Complete An Application

Answer a few questions to help us confirm your identity and secure your new account.

2. Add Funds

Easily connect to an existing bank and transfer funds. No minimum deposit is required to open. 

3. Watch Your Money Grow

With a rate that outpaces the national average, you can be confident your money is working harder at Live Oak.

 

Recognized for Excellence

Live Oak is consistently recognized for our superior customer support and high-yield savings accounts.

"Best Overall Business Savings Account"

— NerdWallet

"Best Online Savings Account of 2025"

— Wall Street Journal's BuySide

"Best for Earning a Competitive Business Savings APY"

— Bankrate

Female on her ipad using her high yield savings account and view of the live oak bank app

We value your money and your time


Unmatched Customer Service

Get answers in under a minute. 90% of calls resolved on the first try.

Consistent High Rates

No bait and switch. Just reliable, top-tier returns.

Security You Can Trust

We've successfully defended millions in fraud attempts, keeping your money safe.

FDIC Insured2

Your deposits are protected, giving you peace of mind.

meet live oak bank

Hi, we're Live Oak. Founded in 2008, our founders set out to revolutionize banking. Want to learn about our fresh approach to finance? Let's dive in. 

Ready to Earn   APY?1

Enjoy a simpler way to save with competitive interest rates, no monthly maintenance fees or minimum balance requirements, and a fast and secure connection to your other bank accounts.

1. Live Oak Bank Savings Annual Percentage Yield (APY) is valid as of  . No minimum opening balance or deposit required to open. Rates may change at any time without prior notice, before or after the account is opened. No minimum balance to open, but customers must have a balance of $0.01 to earn interest. Fees may reduce earnings.

2. Live Oak Bank is a member of the Federal Deposit Insurance Corporation (FDIC). As a Live Oak Bank customer, your Live Oak Bank deposits are insured by the FDIC up to $250,000 per depositor, for each account ownership category.

3. National savings average rate courtesy of the FDIC’s Weekly National Rates and Rate Caps, as of 9/15/2025; average rate used is for deposits under $2,500.

See disclosures for details.