Please come back to open your new account on Monday, August 23.
In an uncertain market, you can choose a stable way to invest your business savings. Live Oak’s online, high-yield CD accounts offer competitive fixed rates, FDIC insurance2 and no monthly maintenance fees.
Service
Our North Carolina-based customer success team is dedicated to providing you personalized support.
FDIC insurance2
Funds deposited with Live Oak Bank are insured up to the maximum allowed by law.
Learn how you can maximize your coverage.
Account Fees:
Early Withdrawal Penalties:
Currently, the minimum is $2,500 and the maximum is $250,000 per account.
Live Oak Bank does not currently offer Business CDs for Trusts.
To open a Business Certificate of Deposit, we will ask for the personal information of the authorized signers, business information, and bank account information. We will verify the information provided electronically. Once this information is confirmed, you will enter an amount which will be transferred from the verified bank account into your new Business CD. You may add additional authorized signers after funding the account.
At the time of maturity, the funds can be withdrawn or the certificate will automatically renew at the current interest rate offered for a CD of the same term. An authorized signer has up to 10 calendar days following the maturity date to withdraw the available funds.
1. Live Oak Bank Certificate of Deposit Annual Percentage Yield (APY) is valid as of and subject to change at any time without prior notice. The minimum deposit required to open an account is $2,500 and the maximum amount is $250,000 per account. Penalties may apply to early withdrawals. 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.
Disclaimer: This link will take you to a website outside of the Live Oak Bank site. The new site may offer a different privacy policy and level of security. Live Oak Bank is not responsible for the products or services that are offered or expressed on other websites.
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