Live Oak Bank
Live Oak Bank Business CD Review 2026
Updated June 3, 2026
Top-tier business CD APY from a dedicated small-business bank — no fee, fixed rate.
Who Live Oak Bank Business CD is best for
SMBs locking in a 6-month to 2-year cash reserve who want the highest available business CD rate at the time of opening.
At a glance
- 1-year CD APY
- ~5.10%
- Minimum deposit
- $2,500
- Terms available
- 6–60 months
- FDIC
- Insured
Verified at liveoakbank.com, Jun 2026 — confirm before opening
Required to open a business CD
Multiple term options across the ladder
Live Oak Bank — $250K coverage
Pros
- +Among the highest business CD APYs published by a dedicated small-business bank (verified Jun 2026 at liveoakbank.com)
- +APY is fixed at opening for the full term — immune to mid-term Fed rate cuts
- +Multiple term options (6 months through 5 years) support CD laddering strategies
- +No monthly fee — the full APY compounds for the full term
- +FDIC insured up to $250,000 per depositor (FDIC, fdic.gov)
- +Live Oak Bank is a leading SBA Preferred Lender — the same institution can support both savings products and future SBA loan needs
Cons
- −$2,500 minimum deposit (some competitors have no minimum)
- −Early-withdrawal penalty applies if funds are accessed before maturity — review penalty schedule at liveoakbank.com
- −Online-only — no branch for in-person account management
- −Once funded, rate is locked — if rates rise significantly, you cannot access the higher rate until maturity
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 requires a $2,500 minimum deposit and carries no monthly fee. The 1-year CD APY is approximately 5.10% (verified at liveoakbank.com, Jun 2026) — fixed at opening for the full term. Terms range from 6 to 60 months; an early-withdrawal penalty applies if funds are accessed before maturity.
Rates & fees last verified at the issuer on 2026-06-03. Always confirm current terms before applying.
Live Oak Bank Business CD alternatives
Top alternatives worth comparing from Best Business CD Rates 2026.
American Express National Bank
American Express Business CD
No minimum deposit required; ~5.00% APY from a larger institution
First Internet Bank of Indiana
First Internet Bank Business CD
Lower $1,000 minimum with comparable ~5.00% APY
nbkc bank
NBKC Business CD
Community bank with direct FDIC coverage and no fintech layer
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→Last verified at the issuer on 2026-06-03
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 in a 6-month to 2-year cash reserve who want the highest available business CD rate at the time of opening.
◆ 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 APY does Live Oak Bank Business CD pay in 2026?+
Live Oak Bank publishes current business CD APYs across multiple terms on its official disclosure page at liveoakbank.com. As of June 3, 2026, the 1-year business CD was in the ~5.10% range per live disclosure. CD APYs are fixed at opening — the rate you see when you fund is the rate you earn for the full term. Always verify the current rate at liveoakbank.com before funding. Source: Live Oak Bank official disclosure at liveoakbank.com; FDIC-insured.
What is the early-withdrawal penalty on Live Oak Bank Business CDs?+
Live Oak Bank charges an early-withdrawal penalty if you access funds before the CD maturity date. The penalty structure varies by term — longer-term CDs carry larger penalties. The exact penalty schedule is disclosed in Live Oak's CD terms at liveoakbank.com. Review the penalty before funding. Per CFPB Regulation DD, the penalty must be disclosed in writing before you open the account. Source: Live Oak Bank at liveoakbank.com; CFPB at consumerfinance.gov.
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 CDs. CDs are issued and operated by Live Oak Bank. APYs, terms, early-withdrawal penalties, and eligibility are determined solely by Live Oak Bank and may change — verify current terms at liveoakbank.com before opening.
Related guides
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.