Find the latest Live Oak Bank CD Rates, Offers, and Promotions here.
Some of the best Live Oak Bank CD Rates up to 5.40% APY.
Live Oak Bank Account Summary
Live Oak Bank was established in 2008 and currently has 478 employees. Live Oak Bank’s savings rates are several times the national average, and it boasts an A+ health rating.
CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer the term, the higher APY rate you make.
- Availability: Nationwide (Branch Locator)
- Expiration Date: None
- Soft/Hard Pull: Soft Pull or Hard Pull? Let us know
- Direct Deposit Requirement: None
- Additional Requirements: You must open the account with $2,500 minimum
- Monthly Fee: None
- Early Termination Fee: 24 months ETF
(FDIC Insured)
| Technology Credit Union 5-Month No Penalty CD | 5.15% APY | Review |
| American First Credit Union 24-Month Certificate | 4.65% APY | Review |
| American First Credit Union 12-Month Certificate | 4.50% APY | Review |
| Discover Bank | Up to 4.05% APY | Review |
| Ponce Bank 3-Month High Yield CD | 3.90% APY | Review |
| Ponce Bank 4-Month No Penalty CD | 3.90% APY | Review |
| Blue Federal Credit Union 9-Month No Penalty CD | 3.85% APY | Review |
| Western Alliance Bank 3-Month CD | 3.80% APY | Review |
| Blue Federal Credit Union 15-Month Share Certificate | 3.80% APY | Review |
| Sallie Mae 14-Month CD | 3.75% APY | Review |
| Quontic Bank | Up to 3.75% APY | Review |
| First Mid Bank & Trust 9-Month CD | 3.50% APY | Review |
| Western Alliance Bank 6-Month CD | 3.50% APY | Review |
| Western Alliance Bank 12-Month CD | 3.30% APY | Review |
| CIT Bank 13-Month CD | 3.25% APY | Review |
| CIT Bank 11-Month No Penalty CD | 3.25% APY | Review |
| Ponce Bank 1-Month High Yield CD | 3.00% APY | Review |
| Term | APY Rate | Minimum Deposit |
| 3-Month | 3.00% | $2,500 |
| 6-Month | 5.20% | $2,500 |
| 9-Month | 5.35% | $2,500 |
| 12-Month | 5.40% | $2,500 |
| 18-Month | 5.10% | $2,500 |
| 24-Month | 2.00% | $2,500 |
| 36-Month | 2.00% | $2,500 |
| 48-Month | 2.00% | $2,500 |
| 60-Month | 2.00% | $2,500 |
Live Oak Bank Account Features
- CDs are opened at a fixed rate, so the interest rate cannot be changed until it is time to renew.
- The maximum deposit amount is $250,000 per account (minimum $2,500).
- The early withdrawal penalty is the equivalent of 90 days of interest on the principal amount withdrawn for CD terms less than 24 months or 180 days of interest on the principal amount withdrawn for CD terms of 24 months or longer, according to Live Oak.
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Conclusion
Live Oak Bank has typically been ranked among one of the highest in the nation in terms of customer satisfaction and great rate offerings. That is why you should definitely take a look at all the great rates and lengths the bank has to offer! Whether you are looking for a short term CD or something that you would want to keep for years ahead, there is definitely a tier for you.
Remember that your deposits will be FDIC Insured up to the maximum allowed by state. Also, there will be a penalty if you withdraw prior to maturity. Be sure to also see our complete list of the Best CD Rates for all your banking needs!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
