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

Citi accelerate savings account. See how to choose the. 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 is an online bank with a savings account and cds.

It was established in 2008 and as of june of 2020 it had grown to 603 employees. Powerhouse bank in the south midwest. Live oak bank is the 174 th largest bank in the nation. This account makes it easier with safe secure high yield savings products such as an fdic insured savings account for worry free returns.

The initial funding took about four days to post to my live oak account. The high yield savings account has a competitive yield and is available on all balances. 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. There are no monthly fees tied to the account and a low deposit amount 100 is needed to open an account.

If you have had experience with any account at live oak bank please let us know in the comment section below. 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. You might also like.

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. National savings average rate courtesy of the fdic s weekly national rates and rate caps as of. Average rate used is for deposits under 100 000. The apys are for the.

Live oak bank is a member of the federal deposit insurance corporation fdic. Not many customers have reviewed the mobile app in the apple or google play stores but the average review ratings so far are mediocre. Find compare rates now.