FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Live Oak Bank High-Yield Savings Account

Finally, the Rate You Deserve. 4.10% APY1

When you open a high-yield savings account, you'll get one of the best rates in the market. FDIC insured2 and no account fees.

 Competitive rate earning 10x the national average3

 FDIC insured2 — protected, giving you peace of mind

 No monthly maintenance fees or minimum balance to open

Open Account
live oak bank personal savings rate comparison to national average APY

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

Don't just take it from us, our customers say it best:

Any link below will direct you to the Trustpilot website.

Trustpilot
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 defended $5.5M in fraud attempts this year, 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 4.10% APY?1

Submit your high-yield savings account application online in minutes,
and earn the competitive rate you deserve.

1. Live Oak Bank Savings Annual Percentage Yield (APY) is valid as of 5/1/2025. 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 3/17/2025; average rate used is for deposits under $2,500.

See disclosures for details.