Live Oak Savings Account Review

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.

Live oak savings account review.

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. Powerhouse bank in the south midwest. The apys are for the. It was established in 2008 and as of june of 2020 it had grown to 603 employees.

Average rate used is for deposits under 100 000. Live oak bank is the 174 th largest bank in the nation. The high yield savings account has a competitive yield and is available on all balances. Live oak bank s savings rates are 35 higher than the national average and it has an a health rating.

Find compare rates now. Live oak bank is a member of the federal deposit insurance corporation fdic. There are no monthly fees tied to the account and a low deposit amount 100 is needed to open an account. So my account has been open and funded.

You might also like. The live oak online savings account has no minimum opening deposit requirement and customers with a balance of 0 01 or more earn interest. Bank of america savings account. See how to choose the.

National savings average rate courtesy of the fdic s weekly national rates and rate caps as of. The online savings account also has no monthly account. The website interface is fine and the reps always answer the phone and are knowledgeable. If you have had experience with any account at live oak bank please let us know in the comment section below.

The initial funding took about four days to post to my live oak account. Live oak bank was founded in 2008 and now offers savings rates that are 19x the national average and they boast an a health rating. About live oak bank high yield savings. This account makes it easier with safe secure high yield savings products such as an fdic insured savings account for worry free returns.

Compare its fees interest rates and features to the top savings accounts provided by online banks. Learn all about the high yield savings account offered by live oak bank. Live oak is an online bank with a savings account and cds.