Online-bank APY built specifically for small business cash reserves.
Get started at Live Oak Bank → Pre-qualify (where available) with a soft credit pull — no score impact.
ClearValue Rating: 4.2 / 5 — our editorial assessment (how we rate)
Editorial confidence (30%), cost (25%), value (25%), accessibility (20%) — scored consistently across every product, independent of compensation.
SMBs parking a 3–6 month operating reserve who want a competitive APY from an FDIC-insured bank that knows small business.
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.
Live Oak Bank Business Savings — Online-bank APY built specifically for small business cash reserves. Best for: SMBs parking a 3–6 month operating reserve who want a competitive APY from an FDIC-insured bank that knows small business.. Compare it against alternatives before applying; the right fit depends on your situation, credit, and goals.
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.
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.
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.
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.
How we rate
Every pick gets a 1–5 ClearValue Rating computed from four weighted factors: Editorial confidence (30%), Cost (25%), Value (25%), and Accessibility (20%).
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