During account opening, Live Oak Bank may ask for the following items so that we may verify your identity:
- Social Security Number
- Date of Birth
- Business Name
- Legal Entity Structure
- Tax Identification Number
- Funding Account Information
We provide unique, small business loan products nationwide and Certificates of Deposit for worry-free investing. Our FDIC-insured2 accounts offer various terms at competitive rates to help you reach your short- and long-term financial goals. FDIC Insurance up to maximum allowed by law
Need Assistance? Contact a Customer Success Manager by calling 866.518.0286.
Monday through Friday 8:00 a.m. – 8:00 p.m. ET
1. The Annual Percentage Yields (APY) are effective as of 9/1/2017 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.
See Disclosures for details.
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.