Live Oak Banking Company:
Certificate of Deposit - 4.25% APY

• No monthly maintenance fees
• Interest can be automatically disbursed monthly
• Manage your renewal preferences online

Fee and Feature Guide

Certificate of Deposit
Interest Rate
APY 4.25%
Term Length 12 Month
Minimum deposit amount $2,500.00
Maximum deposit amount $250,000.00
Balance Requirements
Minimum Opening Deposit $0.00
Minimum Balance to Avoid Fees $0.00
Minimum Required Balance $0.00
Early withdrawal penalty 90 days interest
Monthly Maintenance Fee N/A
Foreign ATM Fees N/A
Insufficient Funds Fee N/A
Incoming Wires N/A
Paper Statements Yes
Online Statements Yes
Online and Telephone Banking
Online Banking Yes
Telephone Banking ×
Mobile Banking Yes
Deposit Checks with Mobile Device Yes
Free Bill Pay Yes
Online Bill Payments Required Yes
Account Opening
Open Online Yes
Insured by F.D.I.C.

Customer Reviews for Live Oak Banking Company

  • May 19, 2022 |

    Online Savings Rates

    procedures arbitrary, after initial approval of application said photo of address verification did not include all 4 corners of page therefore application incomplete and no longer approved. Suspect this bank may develop new rules when it comes time to withdraw money. Waste of time and effort to get involved with them. 4 corner requirement was never presented during the application process.

  • March 23, 2022 |

    Online Savings Rates

    But, not appreciating the constant emails offering $200 if I deposit another $25,000 when I am up against FDIC limits. I may take my business elsewhere as this is tantamount to shitting on your most loyal customers in order to get new lesser valued customers.

  • March 7, 2022 |

    Online Savings Rates

    I am just a regular me who deposited a large sum in Live Oak a few years ago. I have been a happy customer and valuable one too. I do not appreciate the bonuses for new customers, having never gotten one or asked for one before. I also have an account with Marcus and they always extend the same opportunities to everyone. This regular me has not been made to feel that his patronage is valuable at all.

  • November 13, 2021 |

    Online CDs 12 Month Rates

    Rate is not unattractive in this environment but I will wait until January or February and see where things are then.

  • October 27, 2021 |

    Online CDs 24 Month Rates

    I have invested with Live Oak for many years and have never had a problem with them. My on line instructions have been followed 100% in a relatively timely manner. Withdrawals seem to take 1 day, new investments take longer to post but earnings start when the account is created. I have never had a problem with this bank over 8 years doing business with them. Any time I have called customer service I have been connected to an intelligent and polite person who either immediately answers my question or calls me back within a very short time period with the answer.

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