Live Oak Savings Account
Fees may reduce earnings.
Live oak savings account. Live oak bank personal savings rate falls to 0 70 apy eff. To do this log on to the live oak portal select transfer funds then select the from account to account and amount of the transfer. Rates may change at any time without prior notice before or after the account is opened. The minimum deposit required to open an account is 2 500 and the maximum amount is 250 000 per account.
You may make up to 6 withdrawals from your live oak bank savings account per statement cycle including preauthorized automatic and telephone transfers. They even compare this rate to other notable bank names. You may click get started on the homepage and follow the prompts to begin the quick three step application. The live oak savings account does not include checks or a debit card.
Click here to download. Penalties may apply to early withdrawals. While you can find a few online accounts with higher payouts this account offers one of the highest apys. For the best experience check out our mobile app.
The minimum deposit required to open an account is 2 500 and the maximum amount is 250 000 per account. Live oak bank savings annual percentage yield apy is valid as of 9 10 2020. No minimum balance to open but customers must have a balance of 0 01 to earn interest. No minimum opening balance or deposit required to open.
Check out the link above for more information on the account. Your information will be verified electronically. Your ach should post to your external account within 1 2 business days. Live oak consistently offers a top tier apy to customers with its online savings account.
Brick and mortar banks by comparison can charge between 3 and 10 a month for a basic savings account. Live oak bank is offering a great apy rate for its online savings account. Live oak bank s savings rates are 35 higher than the national average and it has an a health rating. Live oak bank certificate of deposit annual percentage yield apy is valid as of 9 10 2020 and subject to change at any time without prior notice.
Check out more savings rates here on bcs so you can find an account that fits your needs. Fees may reduce earnings. The live oak savings account can only be opened online. The ach cutoff time is 4 00 p m.
At live oak bank there s no monthly maintenance fee for savings accounts.