Live Oak Bank CD Rates: 12-Month 5.00%, 6-Month 4.80%, 24-Month 2.00%

Live Oak Bank, currently has some of the best short-term CD rates available online. Live Oak Bank 12-month CD rates are currently at 5.00%, 6-month CD rates are currently at 4.80% and 24-month CD rates are at 2.00%. The minimum opening deposit to earn these CD rates at Live Oak Bank is only $2,500.

As you can see, the short-term CD rates around 5.00% are a lot higher than the intermediate 24-month CD rate of 2.00 percent. Live Oak Bank long-term CD rates are also a lot lower than the short-term interest rates; you can view a complete list of rates below.

There are no CD account fees and the CD interest earned can be disbursed monthly without paying a fee to do so. You can easily open a CD account online and manage your account online. You can read more about CD accounts from Live Oak Bank right below the current list of rates.

Live Oak Bank CD Rates:

Live Oak Bank offers a variety of CD terms ranging from 6 months to 5 years. As of April 2023, the current Live Oak Bank CD rates are as follows:

• 6-month CD: 4.80% APY
• 1-year CD: 5.00% APY
• 18-month CD: 2.00% APY
• 2-year CD: 2.00% APY
• 3-year CD: 2.00% APY
• 4-year CD: 2.00% APY
• 5-year CD: 2.00% APY

It is important to note that these rates are subject to change and may vary based on the amount deposited and the term selected.

Live Oak Bank CD Account Features:

Live Oak Bank CD accounts offer several features that make them attractive to savers. Here are some of the key features of Live Oak Bank CD accounts:

• No monthly maintenance fees: Unlike some traditional banks, Live Oak Bank does not charge any monthly maintenance fees for their CD accounts.
• Low minimum deposit: The minimum deposit required to open a CD account with Live Oak Bank is only $2,500.
• FDIC insured: All deposits at Live Oak Bank are FDIC insured up to $250,000 per depositor, per account ownership category.
• Easy online account opening: Live Oak Bank makes it easy to open a CD account online, without the need to visit a branch or speak to a representative.

Live Oak Bank CD FAQs:

Here are some frequently asked questions about Live Oak Bank CD accounts:

Q: What is the penalty for early withdrawal of a Live Oak Bank CD? A: The penalty for early withdrawal of a Live Oak Bank CD is typically 90 days of interest for CD terms of 24-months or less and 180 days of interest for CD terms greater than 24-months.

Q: How do I open a Live Oak Bank CD account? A: You can open a Live Oak Bank CD account online by visiting their website and completing the application. You will need to provide personal and financial information, including your Social Security number and bank account information for funding your CD.

Q: How do I fund my Live Oak Bank CD account? A: You can fund your Live Oak Bank CD account by linking it to an external bank account or by mailing a check to Live Oak Bank.

Q: Can I add funds to my Live Oak Bank CD account? A: No, once you have opened a Live Oak Bank CD account, you cannot add additional funds to it. If you want to save more money, you can open a new CD account or choose a different savings product offered by Live Oak Bank.

To read more or if you're interested in opening a CD account at Live Oak Bank go to the bank's website at https://www.liveoakbank.com/personal-banking/personal-cd/