Live Oak Savings Account Review

The website interface is fine and the reps always answer the phone and are knowledgeable.

Live oak savings account review. So my account has been open and funded. Live oak is an online bank with a savings account and cds. I was told by a rep at live oak that pushing money from a external bank is faster 2 3 days compared to 4 5. Learn all about the high yield savings account offered by live oak bank.

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. The live oak online savings account has no minimum opening deposit requirement and customers with a balance of 0 01 or more earn interest. 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.

There are no monthly fees tied to the account and a low deposit amount 100 is needed to open an account. Average rate used is for deposits under 100 000. 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.

Not many customers have reviewed the mobile app in the apple or google play stores but the average review ratings so far are mediocre. The online savings account also has no monthly account. Bank of america savings account. Citi accelerate savings account.

Live oak bank is a member of the federal deposit insurance corporation fdic. Live oak bank is the 174 th largest bank in the nation. About live oak bank high yield savings. The initial funding took about four days to post to my live oak account.

Compare its fees interest rates and features to the top savings accounts provided by online banks. It was established in 2008 and as of june of 2020 it had grown to 603 employees. You might also like. Find compare rates now.

The apys are for the. See how to choose the. This account makes it easier with safe secure high yield savings products such as an fdic insured savings account for worry free returns.