Live Oak Banking Company:
Certificate of Deposit - 4.50% APY
• No monthly maintenance fees
• Interest can be automatically disbursed monthly
• Manage your renewal preferences online
Fee and Feature Guide
| Certificate of Deposit | |
|---|---|
| Interest Rate | |
| APY | 4.50% |
| Term Length | 12 Month |
| Minimum deposit amount | $2,500.00 |
| Maximum deposit amount | $250,000.00 |
| Balance Requirements | |
| Minimum Opening Deposit | $0.00 |
| Minimum Balance to Avoid Fees | $0.00 |
| Minimum Required Balance | $0.00 |
| Minimum To Earn | $0.00 |
| Fees | |
| Early withdrawal penalty | 90 days interest |
| Monthly Maintenance Fee | N/A |
| Foreign ATM Fees | N/A |
| Insufficient Funds Fee | N/A |
| Incoming Wires | N/A |
| Statements | |
| Paper Statements | Yes |
| Online Statements | Yes |
| Online and Telephone Banking | |
| Online Banking | Yes |
| Telephone Banking | × |
| Mobile Banking | Yes |
| Deposit Checks with Mobile Device | Yes |
| Free Bill Pay | Yes |
| Online Bill Payments Required | Yes |
| Account Opening | |
| Open Online | Yes |
| Insured by | F.D.I.C. |
Recent Rate Changes
| Date | APY |
|---|---|
| October 3, 2024 | 4.50% |
| August 16, 2024 | 4.90% |
| June 5, 2024 | 5.00% |
| March 6, 2024 | 5.20% |
| February 1, 2024 | 5.30% |
| December 23, 2023 | 5.40% |
| December 22, 2023 | 5.20% |
| December 21, 2023 | 5.40% |
| December 21, 2023 | 5.20% |
| September 26, 2023 | 5.20% |
| August 20, 2023 | 5.00% |
Customer Reviews for Live Oak Banking Company
50Rc2
December 6, 2022 |
Customer service — unreliable, different CS person gets a different answer. LOB readily accepts your incoming funds, out going of funds the bank puts up a barrage of road blocks. A wire out, a letter FROM the institution funds are going to, verifying you, Docu- signs, encrypted letter to LOB with instructions. So if time/expediency are important that leaves the ACH process as the most expedient other option which can take days. So your linking bank accounts w trial deposits or revealing your institutions pass word for your account for what may be a one time transaction. Reach out to management — missing in action, no reply. My opinion/review of my experiences dealing with LOB, consider yourself forewarned.
Is this review helpful? Yes:0 / No: 0
leo
May 19, 2022 |
procedures arbitrary, after initial approval of application said photo of address verification did not include all 4 corners of page therefore application incomplete and no longer approved. Suspect this bank may develop new rules when it comes time to withdraw money. Waste of time and effort to get involved with them. 4 corner requirement was never presented during the application process.
Is this review helpful? Yes:2 / No: 1
Overall happy
March 23, 2022 |
But, not appreciating the constant emails offering $200 if I deposit another $25,000 when I am up against FDIC limits. I may take my business elsewhere as this is tantamount to shitting on your most loyal customers in order to get new lesser valued customers.
Is this review helpful? Yes:0 / No: 1
regular me
March 7, 2022 |
I am just a regular me who deposited a large sum in Live Oak a few years ago. I have been a happy customer and valuable one too. I do not appreciate the bonuses for new customers, having never gotten one or asked for one before. I also have an account with Marcus and they always extend the same opportunities to everyone. This regular me has not been made to feel that his patronage is valuable at all.
Is this review helpful? Yes:1 / No: 0
Regan Dave
November 13, 2021 |
Rate is not unattractive in this environment but I will wait until January or February and see where things are then.
Is this review helpful? Yes:0 / No: 1
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