Open Your Business Savings Account Today Get Started

Every business deserves the chance to reach its goals

Live Oak Bank makes it easier with safe, secure, high-yield savings products — choose an FDIC-insured3 business savings account for worry-free returns.

  • Earn 8x the National Average
  • FDIC Insurance Up to Maximum Allowed by Law
  • No Monthly Maintenance Fees
  • Interest Compounded Daily
  • Open an Account in Minutes

During account opening, Live Oak Bank may ask for the following items so that we may verify your identity:

  • Name
  • Address
  • Social Security Number
  • Date of Birth
  • Business Name
  • Legal Entity Structure
  • Tax Identification Number
  • Address
  • Funding Account Information

Need to know more?
Visit Frequently Asked Questions

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. Live Oak Bank Savings Annual Percentage Yield (APY) is valid as of 9/1/2017. 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. You may make up to 6 withdrawals from your Live Oak Bank Savings account per statement cycle, including preauthorized, automatic and telephone transfers.
See Disclosures for details.

2. National statement savings average rate courtesy of Bankrate.com’s 2016 Passbook & Statement Savings Study, as of 7/6/2017; survey is compiled semi-annually in April and October.

3. 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.


Our Banking Team

  • Mark Moroz
    Director of Deposits

    Email Mark

  • Rob Ford
    Team Leader - Deposit Operations

    Email Rob

  • Jennifer Merritt
    Deposit Customer Success - Team Lead

    866.518.0286

  • Frances Nunnally
    Assistant Manager of Deposits

    866.518.0286

  • Nina Murray
    Deposit Services Representative

    866.518.0286

  • Tara Gagnon
    Deposit Services Representative

    866.518.0286

  • Mary Heidenreich
    Deposit Services Representative

    866.518.0286

  • Taylor Deas
    Deposit Services Representative

    866.518.0286

  • Jessie Barnhart
    Deposit Services Representative

    866.518.0286

  • Mary Hensley
    Deposit Services Representative

    866.518.0286

  • JT Biggs
    Deposit Services Representative

    866.518.0286

  • Bailey Echols
    Deposit Services Representative

    866.518.0286

  • Alexis Beall
    Deposit Services Representative

    866.518.0286

  • Dillon Caraway
    Deposit Services Representative

    866.518.0286

  • R.J. Pearsall
    Deposit Services Representative

    866.518.0286