Live Oak Savings Account Review

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Live oak savings account review.

Live oak bank is a member of the federal deposit insurance corporation fdic. Live oak is an online bank with a savings account and cds. The online savings account also has no monthly 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.

If you have had experience with any account at live oak bank please let us know in the comment section below. About live oak bank high yield savings. Live oak bank s savings rates are 35 higher than the national average and it has an a health rating. Citi accelerate savings 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. This account makes it easier with safe secure high yield savings products such as an fdic insured savings account for worry free returns. See how to choose the. There are no monthly fees tied to the account and a low deposit amount 100 is needed to open an account.

The live oak online savings account has no minimum opening deposit requirement and customers with a balance of 0 01 or more earn interest. It was established in 2008 and as of june of 2020 it had grown to 603 employees. The website interface is fine and the reps always answer the phone and are knowledgeable. Powerhouse bank in the south midwest.

The apys are for the. 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. Bank of america savings account. Compare its fees interest rates and features to the top savings accounts provided by online banks.

Not many customers have reviewed the mobile app in the apple or google play stores but the average review ratings so far are mediocre. You might also like. The initial funding took about four days to post to my live oak account. The high yield savings account has a competitive yield and is available on all balances.

Average rate used is for deposits under 100 000. 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 the 174 th largest bank in the nation.