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Live Oak Bank makes it easier to plan for your future with secure, high-yield savings products – open an online Certificate of Deposit (CD) today.

  • 6 Mo.
  • 1 Year
  • 18 Mo.
  • 2 Year
  • 3 Year
  • 4 Year
  • 5 Year
6 Month CD
0.60%APY 1
Lock in your rate for predictable returns
1 Year CD
0.60%APY 1
Lock in your rate for predictable returns
18 Month CD
0.60%APY 1
Lock in your rate for predictable returns
2 Year CD
0.70%APY 1
Lock in your rate for predictable returns
3 Year CD
0.70%APY 1
Lock in your rate for predictable returns
4 Year CD
0.80%APY 1
Lock in your rate for predictable returns
5 Year CD
0.80%APY 1
Lock in your rate for predictable returns


  • No monthly maintenance fees
  • Interest can be automatically disbursed monthly
  • FDIC insured2
  • Manage your renewal preferences online
  • Friendly customer support
  • Manage your account online or access it through our mobile app


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


Get answers to our most frequently asked questions
  • What is the minimum/maximum deposit allowed to open a CD?

    Currently, the minimum is $2,500 and the maximum is $250,000 per account.

  • What is involved in the process to open a CD?

    The Certificate of Deposit can only be opened online. You may click ‘Get Started’ on the homepage and follow the prompts to begin the quick three-step application. We will ask for your personal information and external bank account information. Your information will be verified electronically. We may request documentation if additional verification is required. Once this information is confirmed, you will enter the amount of your deposit to schedule an ACH transfer from the verified bank account into your new CD account.

    You may add a co-owner or beneficiary to the account after completing the funding step of the application.

  • What happens when my CD matures?

    At the time of maturity, the funds can be withdrawn or the certificate will automatically renew at the current interest rate offered for a CD of the same term. The account holder has up to 10 calendar days following the maturity date to withdraw the available funds.

  • Does Live Oak Bank offer IRA (Individual Retirement Accounts)?

    No, we do not offer retirement accounts.

  • Can I open a CD in the name of my Trust?

    The online application is for personal accounts only. You may list your Trust as beneficiary if that works for you.

View More FAQs


Hear it from our customers

Opened a savings account 6 months ago and I am more than pleased.

The whole experience has been flawless. I have not needed to speak with anyone at Live Oak Bank while depositing, transferring, or withdrawing funds! Also, they notify me monthly on the first when interest is added to the account.

This Bank Understands The Real World

Easy, seamless application process. These guys are in touch with reality. No complicated pointless BS.

Good bank

Couldn’t be any easier from typing in info, linking accts and adding my wife as co-owner. Outstanding rates, solid ratings and great service. I am a fan.

Easy Process.

I followed the online process to open and fund a one year CD last week and every step was very clear. I called by phone once to make certain that everything was in order and their representative “Abby” was very knowledgeable, professional, and personable and my account was quickly funded. Easy Peasy.


Discover the Live Oak difference

Founded in 2008, Live Oak began lending to small businesses in niche industries. We have since grown to become one of the largest SBA lenders in the country. We strive to help our customers succeed in business and achieve their goals every day. With a fusion of extraordinary service and expertise, our dedicated team embraces a creative approach to solving problems. Beyond the traditional banking experience, we set out to be an asset to each and every one of our customers by turning obstacles into opportunities.

We are an online bank headquartered in Wilmington, North Carolina, which spares us the expense of a traditional branch network so we can offer more competitive interest rates to our customers. Our savings products offer a secure way for you to grow your money and invest in your future. To learn how we keep our customers safe and secure, visit our privacy and security page.

From our Banking Resource Center


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.

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