Live Oak Bank
Live Oak Bank Business Savings
By Alex Compton · Last verified
A top-of-market yield for idle business reserves
Insurance: FDIC insured up to $250,000 (Live Oak Banking Company); IntraFi network option extends aggregate FDIC coverage into the millions at no extra cost
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY / yield | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-10-12 | 2.75% on all balances (down from 2.85%; 3.00% before January 2026) | $0 | None | Live Oak Bank Business Savings page →APY lowered to 2.75% from 2.85%; no minimum, no monthly fee; IntraFi extended FDIC coverage at no extra cost |
| 2026-06-11 | 2.85% on all balances (lowered from 3.00% in January 2026) | $0 | None | Archive record · no attached snapshotLegacy snapshot before event-level evidence attachments |
Primary-source verification log
Append-only evidence ledger- changed
APY lowered to 2.75% from 2.85%; no minimum and no monthly fee reconfirmed
Fields: apy, fdic, features, pros, cons
Live Oak Bank Business Savings page →
Features
- ▸2.75% APY on balances from $0.01; no tiers, no activity hurdles
- ▸No monthly fee and no minimum balance
- ▸Interest compounds daily
- ▸IntraFi network option for FDIC coverage beyond $250k at no extra cost
- ▸Free online transfers to and from external business accounts
- ▸From the bank that is also the nation's most active SBA lender
Pros
- +Among the highest business savings rates from a chartered bank
- +Zero fees and zero minimums, fully nationwide
- +IntraFi option solves the large-balance FDIC problem
- +Pairs well with any checking account as a reserve vault
Cons
- −Savings only; you still need an operating checking account
- −Rate has slipped from 3.00% to 2.75% during 2026 and can move again without notice
- −No cash deposits or ATM access
- −Check deposits and Live Oak Portal transfers can be held up to five business days
Our Take
Live Oak does one thing for businesses and does it about as well as anyone: pay real interest on reserves with no fees and no games. Most business savings accounts at branch banks pay rounding-error rates, so moving idle cash here is one of the simplest yield wins available. Use it as the vault behind whatever checking account runs your operations.
Best for: Parking business reserves and emergency funds at a top-of-market rate
Open at Live Oak Bank →Last verified 2026-10-12
Rate this card
Be the first to rate it
Commentson Live Oak Bank Business Savings
Comments are stored in your browser during our community preview. Accounts, moderation and cross-device sync arrive with Credit Compound Community.