• No monthly maintenance fees
• Interest can be automatically disbursed monthly
• Manage your renewal preferences online
Savings Account | |
---|---|
Interest Rate | |
APY | 0.65% |
Termlength | 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 |
Fees | |
Monthly Maintenance Fee | N/A |
Foreign ATM Fees | N/A |
Insufficient Funds Fee | N/A |
Incoming Wires | N/A |
Statements | |
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. |
Leo R | Feb 28, 2021
Never really sure when interest is going to be posted to the account, otherwise it is excellent.
Difficult to work with | Jan 27, 2021
I've been a depositor since I opened about 2 years ago when they launched and were advertiser here and everywhere. The rates are still competitive, but why can't then issue a 1099 or put it online in a timely manner like everyone else does?
Summit Girl | Sep 03, 2020
This is the best bank on the list. Great service, competitive rates, no problems.
M Donaldson | Aug 28, 2020
I've been banking with Live Oak since they first began offering online savings and CD products about 5 years ago. I've never had a problem and always received prompt service online, by phone and by message when I have a question. Their rates have come down a bit over the last several months and I could use this section to complain. Rates have fallen everywhere however, and LOB has remained very competitive. So no complaints!
LesWilliamson | Jul 31, 2020
I opened for the rates, but stayed for the service. 5 stars for the fast email responses to any question.