Digital

Live Oak Business Savings

by Live Oak Bank

Live Oak Business Savings offers one of the highest APYs for business savings accounts at 4.00%. No monthly fees and only $1 minimum deposit. FDIC insured.

⭐ 4.5/5.0 (900 reviews)
Open Account →FDIC Insured
Monthly FeeFree
Free Transactions6/mo
APY4%
Min. Opening DepositNone

Transfer Fees

Domestic Wire$10
ACH TransferFree

Features

✓Mobile App
✓Mobile Deposit
✗Cash Deposits
✗Physical Branches
✓ACH Transfers
✗International Wires
✗Accounting Integrations
✗Sub-Accounts
✗Invoicing
✗Debit Card
✗Check Writing

Overview

Live Oak Business Savings offers one of the highest APYs for business savings accounts at 4.00%. No monthly fees and only $1 minimum deposit. FDIC insured.

Why we like it

Among the highest business savings APYs available, with no fees and an extremely low $1 minimum. Great for parking business cash reserves.

Who Is This For?

Businesses wanting to earn top interest on reserves

Standout Features

  • 4.00% APY
  • No Fees
  • $1 Minimum
  • SBA Preferred Lender

Pros and Tradeoffs

Pros

  • 4.00% APY
  • No monthly fees
  • $1 minimum deposit
  • FDIC insured

Tradeoffs

  • No checking features
  • No debit card
  • No physical branches
  • Limited to 6 transactions/mo

Ratings

NerdWallet4.5/5.0
Bankrate4.5/5.0
Total Reviews900

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