Live Oak Bank
Live Oak Bank Business CD Review 2026
Updated October 10, 2026
4.30% APY on a 1-year business CD, opened online, $2,500 minimum.
Who Live Oak Bank Business CD is best for
SMBs locking a reserve for 6 to 18 months — the terms where Live Oak's published rates are highest. Its 2-year and longer CDs paid 2.00%.
At a glance
- 12-month APY
- 4.30%
- Minimum deposit
- $2,500
- Terms published
- 3 months to 5 years
- FDIC
- Insured
Standard business CD, read at liveoak.bank on October 10, 2026; the bank dates its rates September 28, 2026
To open; maximum $250,000 per account
3 months 3.00% · 6 months 4.10% · 9 months 4.20% · 1 year 4.30% · 18 months 4.10% · 2 years 2.00% · 3 years 2.00% · 4 years 2.00% · 5 years 2.00%
Live Oak Bank — up to $250,000 per depositor, per ownership category
Pros
- +4.30% APY on the 12-month term, read at liveoak.bank on October 10, 2026; the bank dates its rates September 28, 2026
- +No online banking fee and no fee for monthly interest disbursements, per the bank's CD fee list
- +Interest is paid monthly
- +Live Oak Bank also makes SBA loans, so savings and borrowing can sit at one bank
- +The APY is fixed for the term once the CD is opened and funded
Cons
- −$2,500 minimum — higher than the $1,000 at First Internet Bank and nbkc
- −Terms of 2 years and longer paid 2.00% — less than half the 1-year rate
- −$250,000 maximum per account
- −Early-withdrawal penalty, in the bank's words: 90 days of simple interest on terms under 24 months and 180 days of simple interest on terms of 24 months or more
Live Oak Bank Business CD requirements
- US-registered business entity
- Business EIN required
- $2,500 minimum opening deposit
- Online application
Live Oak Bank Business CD rates & fees
Live Oak Bank Business CD: 4.30% APY on the 12-month term, read at liveoak.bank on October 10, 2026; the bank dates its rates September 28, 2026. Minimum to open $2,500. Early-withdrawal penalty, in the bank's words: 90 days of simple interest on terms under 24 months and 180 days of simple interest on terms of 24 months or more.
Rates & fees last verified at the issuer on 2026-10-10. Always confirm current terms before applying.
Live Oak Bank Business CD alternatives
Top alternatives worth comparing from Best Business CD Rates 2026.
First Internet Bank of Indiana
First Internet Bank Business CD
4.00% APY on 12 months with a $1,000 minimum, and the same rate out to 60 months
Ready to apply?
Application takes minutes. Pre-qualification (where available) uses a soft credit pull with no impact to your credit score.
See if you qualify→Guide last updated October 10, 2026
The full lineup
See all picks in Best Business CD Rates 2026
Editorial methodology + complete ranking criteria + side-by-side comparison of all picks.
Read the full guide →Bottom line
Live Oak Bank Business CD scores 4.1 / 5 on the ClearValue Rating — a deterministic editorial composite from the product's own published fees, terms, and eligibility. Best for: SMBs locking a reserve for 6 to 18 months — the terms where Live Oak's published rates are highest. Its 2-year and longer CDs paid 2.00%.
◆ How we scored it
The ClearValue Rating, broken down.
- Cost
- 35%
- Fit & approval odds
- 30%
- Speed & terms
- 20%
- Transparency
- 15%
Cost (35%), Fit & approval odds (30%), Speed & terms (20%), Transparency (15%) — scored consistently across every product, independent of compensation. Full methodology →
Frequently asked
Questions about Live Oak Bank Business CD
What does the Live Oak Bank Business CD pay in 2026?+
On October 10, 2026, liveoak.bank showed 4.30% APY on the 12-month business CD. The bank dates its rates September 28, 2026. All terms on the page: 3 months 3.00% · 6 months 4.10% · 9 months 4.20% · 1 year 4.30% · 18 months 4.10% · 2 years 2.00% · 3 years 2.00% · 4 years 2.00% · 5 years 2.00%. The minimum to open is $2,500. Rates can change until the CD is funded — confirm the rate with the bank first.
What is the early-withdrawal penalty on the Live Oak Bank Business CD?+
Early-withdrawal penalty, in the bank's words: 90 days of simple interest on terms under 24 months and 180 days of simple interest on terms of 24 months or more. Source: liveoak.bank, read October 10, 2026.
Is ClearValue Lending a bank or CD issuer?+
No. ClearValue Lending is not a bank, CD issuer, lender, or financial advisor. This review presents publicly available editorial information about Live Oak Bank Business CD. The CD is issued and operated by Live Oak Bank. APYs, terms, fees, and eligibility are determined solely by Live Oak Bank and may change — verify current terms at liveoak.bank before opening.
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Independent editorial review. ClearValue Lending is a business & personal financing platform — not a lender, broker, or financial advisor. Some links are affiliate links; the issuer may pay a referral commission at no cost to you, which never changes the score. Specific product terms vary; verify with the issuer before applying. See privacy policy.