Live Oak Bank
Live Oak Bank Business Savings Review 2026
Updated June 3, 2026
Online-bank APY built specifically for small business cash reserves.
Who Live Oak Bank Business Savings is best for
SMBs parking a 3–6 month operating reserve who want a competitive APY from an FDIC-insured bank that knows small business.
At a glance
- Savings APY
- ~5.00%
- Monthly fee
- $0
- Minimum balance
- $0.01
- FDIC
- Insured
Verified at liveoakbank.com, Jun 2026 — confirm before opening
No monthly service fee
Minimal opening requirement
Live Oak Bank — $250K coverage
Pros
- +Among the highest business savings APYs published by a dedicated small-business bank (verified Jun 2026 at liveoakbank.com)
- +No monthly service fee — the full APY applies without fee offsets
- +Live Oak Bank is an SBA Preferred Lender — the same bank can support both savings and future SBA lending needs
- +FDIC insured — deposit insurance up to $250K per depositor (FDIC, fdic.gov)
- +Online account management; opens without a branch visit
Cons
- −Online-only — no branch network for in-person service
- −No debit card or ATM access — pure savings; funds move via ACH
- −Limited product breadth beyond savings and SBA lending compared to full-service banks
Live Oak Bank Business Savings requirements
- US-registered business entity
- Business EIN required
- Online application
Live Oak Bank Business Savings rates & fees
Live Oak Bank Business Savings carries no monthly service fee and requires only a $0.01 opening balance. The published APY is approximately 5.00% (verified at liveoakbank.com, Jun 2026) — a variable rate that adjusts with Federal Reserve target-rate changes.
Rates & fees last verified at the issuer on 2026-06-03. Always confirm current terms before applying.
Live Oak Bank Business Savings alternatives
Top alternatives worth comparing from Best Business Savings Accounts 2026.
American Express National Bank
American Express Business Savings
Well-known institution name with ~4.75% APY and no minimum
Bluevine (banking via Coastal Community Bank, Member FDIC)
Bluevine Business Savings
Better if you already bank with Bluevine for checking
nbkc bank
NBKC Business Savings
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 Savings Accounts 2026
Editorial methodology + complete ranking criteria + side-by-side comparison of all picks.
Read the full guide →Bottom line
Live Oak Bank Business Savings scores 4.2 / 5 on the ClearValue Rating — a deterministic editorial composite from the product's own published fees, terms, and eligibility. Best for: SMBs parking a 3–6 month operating reserve who want a competitive APY from an FDIC-insured bank that knows small business.
◆ 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 Savings
What APY does Live Oak Bank Business Savings pay in 2026?+
Live Oak Bank publishes its current Business Savings APY on its official disclosure page at liveoakbank.com. As of June 3, 2026, the rate was in the ~5.00% range per live disclosure. Business savings APYs are variable and change with the Federal Reserve's target rate — always verify the current rate at liveoakbank.com before funding. Source: Live Oak Bank official disclosure at liveoakbank.com; FDIC-insured.
Is Live Oak Bank FDIC insured for business deposits?+
Yes. Live Oak Bank is an FDIC-member institution. Business deposits are insured up to $250,000 per depositor, per ownership category, per FDIC-insured institution. For businesses with more than $250K in savings, consider distributing reserves across multiple FDIC-insured banks. Verify FDIC status at fdic.gov or the FDIC BankFind Suite at banks.data.fdic.gov.
Can I use Live Oak Bank Business Savings alongside an SBA loan?+
Yes. Live Oak Bank is a leading SBA Preferred Lender Program (PLP) bank — it originates SBA 7(a) loans and offers business savings accounts independently. Having both products at the same institution may simplify your banking relationship, but there is no requirement to do so. The savings account and any lending relationship operate under separate terms. Source: Live Oak Bank at liveoakbank.com; SBA PLP program data at sba.gov.
Is ClearValue Lending a bank or savings account issuer?+
No. ClearValue Lending is not a bank, savings account issuer, lender, or financial advisor. This review presents publicly available editorial information about Live Oak Bank Business Savings. The account 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 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.
https://clearvaluelending.com/reviews/live-oak-bank-biz-savings