Live Oak Bank High-Yield Savings

A straightforward, high-yield account with zero fees and no minimums.

Earn a highly competitive 3.80% APY on your entire balance
Absolutely no monthly maintenance fees and no minimum deposit requirement to open the account
Allows unlimited savings transfers, giving you easy access to your funds without transaction limits (up to $250,000 per day)
100% digital banking experience with a dedicated US-based customer support team

How to maximize your Live Oak Bank savings

Live Oak Bank is heavily known for its business lending, but their consumer high-yield savings account is an incredible, no-fee option that earns competitive yields. Here is how to make the most of it.

Step 1: Use it as a dedicated emergency fund

Because Live Oak has no personal checking accounts or physical branches, your money is slightly removed from your everyday spending. This makes it the perfect place to park your emergency cash safely out of sight.

Step 2: Take advantage of unlimited transfers

Unlike traditional accounts that cap you at six withdrawals per month, Live Oak allows unlimited transfers, meaning your cash is highly liquid when you actually need it.

Step 3: Combine with high-yield CDs

If you have a chunk of savings you know you won't need for a set period, Live Oak makes it easy to open a complementary Certificate of Deposit (CD) alongside your savings account to lock in a guaranteed fixed rate.

Wrap-up

Live Oak is a straightforward, no-nonsense savings account that rewards you with a high APY and zero fee-avoidance hurdles.

Legal & Disclosures

Advertiser Disclosure

MyWealthWallet is not a bank. We are a financial education and content platform. We may receive compensation when you click on links to products from our partners. This compensation may influence which products we write about and where and how they appear on the page. However, it does not influence our evaluations or recommendations. Our opinions are our own.

Live Oak Bank Savings Disclosures

Annual Percentage Yield (APY) of 3.80% is variable and subject to change at any time without notice. There are no monthly maintenance fees or minimum balance requirements to open the account. Live Oak Bank is a Member FDIC. Deposits are insured up to $250,000 per depositor, per ownership category.

General Disclaimer

The information provided on this page is for educational and informational purposes only. It should not be construed as financial, investment, or tax advice. Before opening any account, please carefully review all terms, conditions, fees, and disclosures provided by the partner. Your individual circumstances may vary, and we recommend consulting with a qualified financial advisor before making any financial decisions.