Live Oak Bank's Information and Current CD Rates

Main Address and Contact Information


,

FDIC Certification Number


Live Oak Bank

Live Oak Bank Logo
Website: http://www.liveoakbank.com/deposits/
Rating: StarStarStarStarStar  (5 out of 5)100

Notes: Member FDIC. No opening and maintenance fees.

Live Oak Bank CD Rates

Product APY Rate Min. Deposit
6 month CD 1.250% 1.240% $2,500.00
1 yr CD 1.650% 1.640% $2,500.00
2 yr CD 1.800% 1.780% $2,500.00
3 yr CD 1.950% 1.930% $2,500.00
5 yr CD 2.300% 2.270% $2,500.00
18 month CD 1.700% 1.690% $2,500.00
4 yr CD 2.000% 1.980% $2,500.00
Rates Updated: 11/20/2017

Articles Related to Live Oak Bank

Fed Stands Pat on Rates as Online CD Rates March Higher
The Federal Reserve wrapped up their two day meeting yesterday and decided to keep the fed rates unchanged. The Fed was expected to stand pat on rates during the September meeting. Even though the Fed kept rates where they are, online CD rates continue to march higher.     Read more...
Top 2 Year CD Rate Now at 1.70 Percent

The top CD rates continue to move higher as the best 2 year CD rate hits 1.70 percent this week. 2 year CD rates at Connexus Credit Union take the top spot this week at 1.69 percent with a yield of 1.70 percent. Connexus has the best rate this week but two banks are right on the credit union's tail.

Northern Bank Direct, EverBank, and Popular Direct have the second best 2 year rate this week at 1.64 percent with a yield of 1.65 percent. We have another three-way tie for third place, My e-BAnC by BAC Florida Bank, TAB Bank, and VirtualBank all have a current 2 year rate of 1.61 percent with a yield of 1.62 percent.

Not only are the top rates moving higher this week, average 2 year CD rates are also higher. The current average 2 year CD rate is at 1.50 percent, up from last week's average 2 year rate of 1.47 percent. Listed below are the top ten 2 year CD rates for the week ending April 15, 2017.

Best 2 Year CD Rates

  1. Connexus CU - Rate 1.69% Yield 1.70%
  2. Northern Bank Direct - Rate 1.64% Yield 1.65% (tied for 2nd place)
  3. Popular Direct - Rate 1.64% Yield 1.65% (tied for 2nd place)
  4. TAB Bank - Rate 1.60% Yield 1.61% (tied for 3rd place)
  5. My e-BAnC by BAC Florida Bank - Rate 1.60% Yield 1.61% (tied for 3rd place)
  6. VirtualBank - Rate 1.60% Yield 1.61% (tied for 3rd place)
  7. Banesco USA - Rate 1.60% Yield 1.60%
  8. Capital One Bank - Rate 1.59% Yield 1.60% (tied for 5th place)
  9. Synchrony Bank - Rate 1.59% Yield 1.60% (tied for 5th place)
  10. M.Y. Safra Bank, FSB - Rate 1.59% Yield 1.60% (tied for 5th place)
  11. iGObanking.com - Rate 1.59% Yield 1.60% (tied for 5th place)
  12. Congressional Bank - Rate 1.59% Yield 1.60% (tied for 5th place)
  13. iGObanking.com - Rate 1.59% Yield 1.60% (tied for 5th place)
  14. First Internet Bank of Indiana - Rate 1.56% Yield 1.57%
  15. CD Bank - Rate 1.55% Yield 1.56%
  16. Nationwide Bank - Rate 1.50% Yield 1.51% (tied for 8th place)
  17. Pentagon Federal Credit Union - Rate 1.50% Yield 1.51% (tied for 8th place)
  18. PurePoint Financial - Rate 1.49% Yield 1.50% (tied for 9th place)
  19. Home Savings Bank - Rate 1.49% Yield 1.50% (tied for 9th place)
  20. Live Oak Bank - Rate 1.49% Yield 1.50% (tied for 9th place)
  21. GS Bank - Rate 1.44% Yield 1.45%
    Read more...
Best 1 Year CD Rates April 5, 2017

CD rates continue to move higher this week. We look for the trend of higher CD rates to continue in 2017 as long as there isn't a recession. The Fed is expected to increase the federal funds rate at least two more times this year, which will put more upward pressure on CD rates.

This week, the best 1 year CD rate in the database is now at 1.49 percent with an APY of 1.50 percent. A couple of weeks ago, the top 1 year CD rate was 5 basis points less.

The current national average 1 year CD rate also moved higher this week over last. The current national average 1 year CD rate is at 1.26 percent, up from last week's average of 1.30 percent.

Listed below is top ten 1 year CD rates currently available.

Top Ten 1 Year CD Rates

  1. Connexus Credit Union 1.49% APY 1.50%
  2. VirtualBank 1.45% APY 1.46%
  3. Banesco USA 1.45% APY 1.45%
  4. PurePoint Financial 1.39% APY 1.40% (Tied for 4th place)
  5. Live Oak Bank (Tied for 4th place)
  6. My e-BAnC by BAC Florida Bank (Tied for 4th place)
  7. CD Bank 1.36% APY 1.36%
  8. M.Y. Safra Bank, FSB 1.35% APY 1.36%  (Tied for 6th place)
  9. TAB Bank 1.35% APY 1.36%  (Tied for 6th place)
  10. Synchrony Bank 1.34% APY 1.35% (Tied for 7th place)
  11. AloStar Bank of Commerce 1.34% APY 1.35% (Tied for 7th place)
  12. Home Savings Bank 1.34% APY 1.35% (Tied for 7th place)
  13. First Internet Bank of Indiana 1.32% APY 1.33%
  14. CIT Bank 1.31% APY 1.32%
  15. PenFed 1.30% APY 1.31%

You can view a list of CD rates for all CD terms at MonitorBankRates.com.

    Read more...
Credit Union now Offering 1 Year CD Rates at 1.50%

As we predicted in early March, the the top 1 year CD rate currently available is now at 1.49 percent with a yield of 1.50 percent. Conexus Credit Union is the first financial institution in the rate database to increase their 1 year rate to the 1.50 percent level.

The catalyst for sending the best 1 year CD rates to 1.50 percent APY was the Federal Open Market Committee increasing the fed funds rate on March 15th. On March 8th, we wrote a post reporting that the coming fed funds rate increase will likely force the top 1 year CD rate to 1.50 percent. You can read the post at Fed Will Push Top 1 Year CD Rates Above 1.50%.

It will be interesting to see if the top online banks that usually compete to have the best rate will also increase their rate to 1.50 percent or possibly higher. There are several banks very close to the 1.50 percent level. Banesco USA has 1 year rates at 1.45 percent, PurePoint Financial, My e-BAnC by BAC Florida Bank and Live Oak Bank are all offering 1 year rates at 1.40 percent.

We continue to look for higher CD rates in 2017 because the Fed has already said there will be a need to increase the fed funds rate at least two more times in 2017. The current targeted range for the fed funds rate is 0.75 percent to 1.00 percent.

Two more fed funds rate increases will bring the rate up to a range of 1.25 percent to 1.50 percent. Having the fed funds rate in that range will send the highest 1 year CD rates up to 2.00 percent. The last time 1 year CD rates were in the 2.00 percent range was around six years ago. 

    Read more...
CD Rates Report: 1 Year CD Rates as of January 14, 2017

Listed below is a current CD rates report for 1 year certificates of deposit as of January 14, 2017.

Current 1 Year CD Rates

  • Pentagon Federal Credit Union 1.35% Yield 1.36% (tied for 1st place)
  • EverBank 1.35% Yield 1.36% (tied for 1st place)
  • VirtualBank 1.30% Yield 1.31%
  • Live Oak Bank 1.29% Yield 1.30%
  • My e-BAnC by BAC Florida Bank 1.28% yield 1.29%
  • E-Loan 1.27% Yield 1.28% (tied for 5th place)
  • Popular Direct 1.27% Yield 1.28% (tied for 5th place)
  • Pacific National Bank 1.26% Yield 1.27%
  • California First National Bank 1.25% Yield 1.26% (tied for 7th place)
  • TAB Bank 1.25% Yield 1.26% (tied for 7th place)
  • Synchrony Bank 1.24% Yield 1.25% (tied for 8th place)
  • Colorado Federal Savings Bank 1.24% Yield 1.25% (tied for 8th place)
  • Salle Mae 1.24% Yield 1.25% (tied for 8th place)
  • AloStar Bank of Commerce 1.22% Yield 1.23% (tied for 9th place)
  • giantbank AloStar 1.22% Yield 1.23% (tied for 9th place)
  • CIT Bank 1.21% Yield 1.22% (tied for 10th place)
  • BankDirect 1.21% Yield 1.22% (tied for 10th place)

For a list of today's 1 year CD rates in our database go to MontiorBankRates.com.

    Read more...
Astoria Bank Increases Intermediate and Long Term CD Rates

Astoria Bank CD rates were recently increased on the bank's intermediate and long term certificates of deposit. This change is counter to what most banks are doing these days. Many banks are increasing their short term CD rates because short term bond yields are moving higher while intermediate and long term yields remain flat.

CD rates at Astoria Bank were increased on two, three, and four year certificates of deposit. The largest increase was on three year certificates of deposit. Three year CD rates were increased from 1.04 percent with a yield of 1.05 percent to 1.24 percent with a yield of 1.25 percent.

The 20 basis point increase moved Astoria Bank from 20th place to 15th place on our 3 year rate list. The best three year CD rate in our database is 30 basis points higher at 1.54 percent with a yield of 1.55 percent. Live Oak Bank currently has the best three year rate.

Four year CD rates at Astoria Bank were increased 15 basis points from 1.24 percent with a yield of 1.25 percent to 1.39 percent with a yield of 1.40 percent. The new four year CD rate places Astoria Bank at 11th place on our four year rate list, up from 14th place.

Astoria Bank's five year CD rate was increased from 1.39 percent with a yield of 1.40 percent to 1.49 percent with a yield of 1.50 percent. The new five year CD rate moves Astoria Bank up from 18th place to 17th place on our 5 year rate list.

You can see how Astoria Bank's new CD rates compare with other bank CD rates by searching our rate database at CDRates.MonitorBankRates.com.

 

    Read more...
TAB Bank Increases CD Rates

TAB Bank CD rates were recently increased on the bank's short term and intermediate term certificates of deposit. With these rate increases, TAB Bank's 3 month, 6 month, 1 year, 2 year, and 3 year CD rates are now in the top 5 CD rates available for each one of those CD terms.

The largest percentage rate increase was on the bank's 6 month CDs. The 6 month CD rate was increased 50 percent from 0.60 percent to 0.90 percent. At 0.90 percent, the 6 month rate puts the bank in second place on our 6 month rate list. The top 6 month CD rate is from Live Oak Bank, which is offering a rate and yield of 1.00 percent.

TAB Bank (TAB), formerly Transportation Alliance Bank, has been in business for almost 20 years. The bank was established as an Industrial Loan Corporation (ILC) in 1998. TAB is an affiliate of TAB Bank Holdings Inc., headquartered in Ogden, UT.

Deposits at TAB Bank are insured by the FDIC up to the maximum amount allow by law. The Bank FDIC certificate number is 34187.

TAB Bank Recent CD Rate Changes

BankProductRate (new / old)Yield (new / old)
TAB Bank3 month CD0.5 / 0.350.5 / 0.35
TAB Bank6 month CD0.9 / 0.60.9 / 0.6
TAB Bank1 yr CD1.23 / 0.951.24 / 0.95
TAB Bank2 yr CD1.42 / 1.21.43 / 1.2
TAB Bank3 yr CD1.56 / 1.451.57 / 1.45
TAB Bank3 month IRA CD0.5 / 0.350.5 / 0.35
TAB Bank6 month IRA CD0.9 / 0.60.9 / 0.6
TAB Bank1 yr IRA CD1.23 / 0.951.24 / 0.95
TAB Bank2 yr IRA CD1.42 / 1.21.43 / 1.2
TAB Bank3 yr IRA CD1.56 / 1.451.57 / 1.45

 See how these new CD rates at TAB Bank compare with other bank CD rates by searching our rate tables at MonitorBankRates.com.

 

    Read more...
Live Oak Bank CD Rates and Review

Live Oak Bank CD rates were recently lowered but this bank's rates are still very competitive. Live Oak Bank is an Internet based bank headquartered in Wilmington, North Carolina. Live Oak Bank is a subsidiary of Live Oak Bancshares, Inc., a publicly traded company on NASDAQ, ticker symbol  LOB.

As with any Internet based bank, Live Oak can offer higher CD rates because without having any brick and mortar branch location, their carrying costs are lower. Live Oak Bank's current 1 year CD rate at 1.29 percent with a yield of 1.30 percent is the best 1 year CD rate in our database right now.

Live Oak Bank CD RatesLive Oak Bank is in great financial shape and earns 5 out of 5 stars. The bank states its primary goal is to finance small business growth nationwide.

Current List of Live Oak Bank CD Rates

ProductAPYRateMin. Deposit
6 month CD1.000%1.000%$2,500.00
1 yr CD1.300%1.290%$2,500.00
2 yr CD1.450%1.440%$2,500.00
3 yr CD1.550%1.540%$2,500.00
5 yr CD1.750%1.730%$2,500.00
18 month CD1.350%1.340%$2,500.00
4 yr CD1.650%1.640%$2,500.00

You can see how Live Oak Bank's CD rates compare with other bank CD rates by searching our rate tables at MonitorBankRates.com.

    Read more...
Live Oak Bank 5 Year CD Rates now at 1.98%
Live Oak Bank 5 Year CD rates are now at 1.98 percent with a yield of 2.00 percent. View current 5 Year CD rates at Live Oak Bank below.     Read more...
Live Oak Bank 6 Month CD Rates now at 1.00%
Live Oak Bank 6 Month CD rates are now at 1.00 percent with a yield of 1.00 percent. View current 6 Month CD rates at Live Oak Bank below.     Read more...

Compare Live Oak Bank's CD Rates With Other Bank Rates Below

No FDIC data found