Live Oak Savings Account Review

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 savings account review.

Citi accelerate savings account. Find compare rates now. Live oak bank is a member of the federal deposit insurance corporation fdic. 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.

The high yield savings account has a competitive yield and is available on all balances. You might also like. The online savings account also has no monthly account. The website interface is fine and the reps always answer the phone and are knowledgeable.

Average rate used is for deposits under 100 000. Live oak is an online bank with a savings account and cds. The apys are for the. Bank of america savings account.

Powerhouse bank in the south midwest. This account makes it easier with safe secure high yield savings products such as an fdic insured savings account for worry free returns. Not many customers have reviewed the mobile app in the apple or google play stores but the average review ratings so far are mediocre. There are no monthly fees tied to the account and a low deposit amount 100 is needed to open an account.

Live oak bank is the 174 th largest bank in the nation. So my account has been open and funded. National savings average rate courtesy of the fdic s weekly national rates and rate caps as of. It was established in 2008 and as of june of 2020 it had grown to 603 employees.

About live oak bank high yield savings. If you have had experience with any account at live oak bank please let us know in the comment section below. The initial funding took about four days to post to my live oak account. 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.

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. See how to choose the. Live oak bank s savings rates are 35 higher than the national average and it has an a health rating.