Save smarter with a top rate, no maintenance fees, and FDIC2 insurance from the bank Forbes Advisor named the Best for Small Business Banking.
Our savings calculator shows you how our competitive interest rate grows your account over time.
SBA Loans
Flexible, SBA-backed funding to help grow your business
Business Checking
Simple, reliable checking built for small business needs
Business CDs
Competitive fixed rates to grow your business savings
Treasury Management
Move money, get paid, and see your cash clearly from one place
Our competitive business savings interest rates fuel your growth.
Benefit from no monthly maintenance fees, boosting your business’ bottom line.
Your deposits are FDIC-insured2, safeguarding your business from financial risks.
Open your business savings account online and add authorized signers to accelerate efficiency.
Access millions in aggregate FDIC insurance through IntraFi® ‘s network of banks.4
Protect your assets with access to millions in aggregate FDIC insurance coverage while earning a competitive rate.
Receive access to extended FDIC insurance coverage at no extra cost to you.
No need to work with multiple banks when you can access additional FDIC insurance through one login at a superior rate.
A list identifying IntraFi network banks can be found at www.IntraFi.com/network-banks. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. To meet these conditions, deposit accounts are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage.
At Live Oak, we’re more than just a bank – we’re partners in our customers’ success stories. That’s why we’re thrilled to showcase the real people and businesses we’re proud to support.
We’ve empowered 60,000+ small business owners and are so proud to spotlight their incredible journeys and inspire others.
To open a Business Savings account, we will ask for the personal information of the authorized signers, business information, and bank account information. We will verify the information provided electronically.
Once this information is confirmed, you will enter an amount which will be transferred from the verified bank account into your new Business Savings account. The deposit will be held for five business days. You may add additional authorized signers after funding the account.
The Live Oak Business Savings Account is ideal for small businesses that want to grow their savings with a strong rate while maintaining flexibility. It’s specifically designed with small business needs in mind, aligning with Live Oak’s focus on supporting this segment.
Deposits begin earning interest on the day the deposit is posted to your account. Please allow 1-2 business days for an incoming ACH transfer initiated through the Live Oak Bank Portal to post to your account.
Check deposits are posted to the account on the day we receive them. Interest is compounded daily and posted to your account on the last business day of the month. You must have a balance of $.01 to earn interest.
You may initiate an ACH transfer from your external bank account through the Live Oak Bank Portal. The cutoff time for incoming and outgoing ACH transfers is 4:00 p.m. ET. Please allow 1-2 business days for the funds transfer to process. For security and verification purposes, incoming transfers initiated through the Live Oak Bank Portal are held for five business days once posted to your Live Oak account.
ACH transfers initiated from an external account and sent to your Live Oak account are available immediately upon receipt.
Deposits made by check or mobile deposit will be held for up to five business days once posted to your account.
Funds sent to an external account are available at that bank within 1-2 business days. The transfer must be initiated before 4:00 p.m. ET.
Live Oak Bank will not accept cash deposits.
