Live Oak Bank Information and Current CD Rates

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Live Oak Bank

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Live Oak Bank CD Rates

Product APY Rate Min. Deposit
6 Month CD from Live Oak Bank
Live Oak Bank
2
1.98
5
100
6 month CD 2.000% 1.980% $2,500.00
1 Year CD from Live Oak Bank
Live Oak Bank
2.35
2.32
5
100
1 yr CD 2.350% 2.320% $2,500.00
2 Year CD from Live Oak Bank
Live Oak Bank
2.4
2.37
5
100
2 yr CD 2.400% 2.370% $2,500.00
3 Year CD from Live Oak Bank
Live Oak Bank
2.4
2.37
5
100
3 yr CD 2.400% 2.370% $2,500.00
5 Year CD from Live Oak Bank
Live Oak Bank
2.45
2.42
5
100
5 yr CD 2.450% 2.420% $2,500.00
18 Month CD from Live Oak Bank
Live Oak Bank
2.35
2.32
5
100
18 month CD 2.350% 2.320% $2,500.00
4 Year CD from Live Oak Bank
Live Oak Bank
2.4
2.37
5
100
4 yr CD 2.400% 2.370% $2,500.00
Rates Updated: 09/26/2019

Articles Related to Live Oak Bank

Live Oak Bank CD Rates
Live Oak Bank CD RatesLive Oak Bank CD rates are very competitive right now, especially on the bank's intermediate term certificates of deposit. Current 1 year, 2 year and 3 year CD rates at Live Oak Bank are 2.13 percent with an APY of 2.15 percent. If you're looking for a shorter CD term, 6 month CD rates from Live Oak are at 1.73 percent with an APY of 1.75 percent. 4 year CD rates from Live Oak are slightly higher at 2.18 percent with an APY of 2.20 percent. 5 year CD rates are at 2.23 percent with an APY of 2.25 percent. The minimum opening deposit for a CD account is only $2,500.     Read more...
Best 12-Month CD Rates - December 2018
Best 12-Month CD Rates - December 2018The best 12 month CD rates in December 2018 are moving higher and might hit 3.00 percent before the end of the year. The bank that currently has the absolute best 12 month CD rates on the rate table now is VirtualBank with a rate of 2.86 percent, only 14 basis points below 3.00 percent. Three other banks have the second best 1-year CD rates for December 2018. Limelight Bank, Live Oak Bank, and Popular Direct are all offering 12 month CD rates at 2.85 percent. Rounding out the top 5 December CD rates is Merrick Bank with 12 month CD rates at 2.84 percent.     Read more...
Live Oak Bank Savings Rates
Live Oak Bank Savings RatesLive Oak Bank savings rates are some of the highest savings rates currently available from any online bank. Current savings rates at Live Oak Bank is at 2.00 percent. There is no minimum opening balance to earn this really good savings rate. You can compare Live Oak Bank savings rates with other bank savings rates below.     Read more...
Highest CD Rates Move Higher as Banks Increase Rates
The highest CD rates continue to move higher as online banks increase rates again this week. 10 different online banks and credit unions increased a slew of CD rates over the past seven days. Rates on both short term and long term certificates of deposits moved higher.     Read more...
Online Savings Account Rates Hit 1.50 Percent
Online savings account rates increased again this month and have hit a milestone. The best online savings rates hit 1.49 percent with an APY of 1.50 percent, a new high for 2017. Savings rates moved higher in December because the Federal Reserve increased the fed funds rate.     Read more...
Brand New High for 12 Month CD Rates in 2017
12 Month CD ratesWe just reached a new milestone for 12 Month CD rates in 2017 as rates continue to inch higher. Crestmark Bank is now offering 12 Month CD rates at 1.80 percent. Just about two months ago, we reported a new high for 1 year CD rates at 1.70 percent. That new high was also from CrestMark Bank. You can read about that post Crestmark Bank Best Rate 1.70%.     Read more...
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...

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

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