Live Oak Savings Account Review
The high yield savings account has a competitive yield and is available on all balances.
Live oak savings account review. Live oak bank is the 174 th largest bank in the nation. National savings average rate courtesy of the fdic s weekly national rates and rate caps as of. So my account has been open and funded. The online savings account also has no monthly account.
If you have had experience with any account at live oak bank please let us know in the comment section below. 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. Bank of america savings account.
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. Live oak bank is a member of the federal deposit insurance corporation fdic. Learn all about the high yield savings account offered by live oak bank. You might also like.
See how to choose the. The apys are for the. The live oak online savings account has no minimum opening deposit requirement and customers with a balance of 0 01 or more earn interest. 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 initial funding took about four days to post to my live oak account. Find compare rates now. Not many customers have reviewed the mobile app in the apple or google play stores but the average review ratings so far are mediocre. Live oak bank s savings rates are 35 higher than the national average and it has an a health rating.
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. The website interface is fine and the reps always answer the phone and are knowledgeable. Citi accelerate savings account.
Live oak is an online bank with a savings account and cds. Powerhouse bank in the south midwest. About live oak bank high yield savings.