Open Your Savings Account Today Get Started

We’re all saving for something or someone. Live Oak Bank makes it easier with safe, secure, high-yield savings products — choose an FDIC-insured3 Savings Account for worry-free returns.

  • Earn 17x the National Average
  • FDIC Insurance Up to Maximum Allowed by Law
  • No Monthly Maintenance Fees
  • Interest Compounded Daily
  • Open an Account in Minutes
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Compare our market-leading savings rates4 and see how you can make the most of your money.

Based on a balance:



Est. earnings for 1 year

Ready to maximize your savings? Open an Account Today

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

  • Name
  • Address
  • Social Security Number
  • Date of Birth
  • Funding Account Information

Personal Savings FAQs

  • Are there any monthly maintenance fees or minimum balance requirements?
  • What is the process to open a Live Oak Bank Savings account?
  • How do I deposit funds into my Live Oak Bank Savings Account?
View More FAQs

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 1/31/2018. 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’s 2017 Passbook & Statement Savings Study, as of 10/11/2017; 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.

4. The APYs for other banks are provided by and are accurate as of 2/6/2018. The APYs are for the state of North Carolina.

Our Banking Team
is ready to assist you.