Open Your CD Today Get Started

We’re all saving for someone or something

Live Oak Bank makes it easier with safe, secure, high-yield savings products — choose an FDIC-insured2 Certificate of Deposit (CD) for worry-free returns.


What are you waiting for?

  • FDIC Insurance Up to Maximum Allowed by Law
  • No Monthly Maintenance Fees
  • Competitive Rates at a Variety of Terms
  • Bankrate Safe & Sound 5-Star Rating



Straight forward no-nonsense fees

Fee Type

Fee Description

Fee Amount

Account Fees

Online Banking Fee

No Charge

Monthly Interest Disbursements Fee

No Charge

No Charge

No Charge

Early Withdrawal Penalties

Early Principal Withdrawal of a CD with a term less than 24 months

90 Days of Simple Interest

Early Principal Withdrawal of a CD with a term 24 months or greater

180 Days of Simple Interest

90 Days of Simple Interest

180 Days of Simple Interest


What you need to know

  • What is the minimum/maximum deposit allowed to open a CD?
  • What is involved in the process to open a CD?
  • What happens when my CD matures?
View More FAQs


Hear it from our customers

Highest APY Online savings account.

Live oak provides a feature-rich, modern banking experience for the savvy customer who wants the highest possible APY. If you want someplace to store some cash and not lose all of it towards inflation all the while dealing with a fresh and modern app and website, Live oak is probably what you’re looking for.

Apr 24, 2018


By far the easiest and fastest process to open a CD I have ever encountered. Easy input, no deposits back and forth, great communication each step of the way. As long as their rates remain competitive, I’m a customer. Great Job!

Feb 14, 2018

Good Rate!

They have raised their rate twice now! It was 1.40% when I signed up like (2) months ago, now it is 1.50%. Good customer service and nice website. I highly recommend this account for savings!

Dec 14, 2017

Amazing Bank

I opened an account less than a month ago and needed (unexpectedly) to pull most of my money out. I called and got personal EXCELLENT help and they exceeded their promises. I have accounts with several other banks and had to call all of them for the same help. LiveOakBank was TOPS in responsiveness and help. I will continue to do business (and recommend them to everyone) due to their amazing website, ease of use, helpfulness, and delivery. I can’t say enough good about them!

Oct 12, 2017

Simple Process, Best Rate

The setup and transfer process was very easy, and you can get up with someone immediately if you have a question; A real, live person, that speaks English at that. Savings account rate is the highest in the country, so, since they’re FDIC insured for up to $250K, it’s a no-brainer.

Aug 30, 2017


How we are different

Live Oak Bank is a digitally focused, FDIC-insured bank serving customers across the country. We were founded in 2008 and are headquartered in Wilmington, NC. We lend to small businesses in niche industries and are one of the largest SBA lenders in the country.

We are a North Carolina-chartered bank and we offer both personal and business Certificates of Deposit and Savings accounts. Our safe, secure high-yield savings products are some of the most competitive in the country.

Our only branch and customer service team is located in Wilmington, NC. Without the expense of an extensive branch network, we can offer higher and more competitive interest rates for our customers.

We are a publicly traded company and you can visit our investor page for further information.

To learn how we keep our customers safe and secure, visit our privacy and security page.

    Nationwide high-yield savings products
  • Approximately 6,100 LOANS originated comprising ~$7.2 BILLION since inception (2008)
    lending footprint with highest loan volume in CA, TX and FL
    Voted #1 four years in a row by American Banker Magazine (2014, 2015, 2016, 2017)
  • $1.9 BILLION YTD loan originations as of December 31, 2017
  • LESS THAN 1%
    Default rate remains one of the lowest in the nation
  • 2nd LARGEST SBA LENDER in the Country (Source: SBA 100 Most Active SBA 7(a) lenders by lending volume in FY 2017)
  • ~540 BANCSHARES EMPLOYEES as of December 31, 2017
  • MONO-LINE FOCUS supported by domain expertise enables us to play a consultative role with the client during the financing process and bring value-added perspective throughout our relationship

From our Banking Resource Center


We are here for you

Contact a Customer Success Manager
Phone: 866.518.0286
Fax: 866.656.4611
Monday through Friday 8:00 a.m. – 8:00 p.m. ET

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.

See Disclosures for details.