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
Business Savings Accounts
Save smarter with a top rate, no maintenance fees, and FDIC2 insurance from the bank Forbes Advisor named the Best for Small Business Banking.
Earn and save more with 2.75% APY1
Earn more than &x the national average APY.3
Our savings calculator shows you how our competitive interest rate grows your account over time.
Discover More Ways to Grow Your Business
The Perks of Saving with Live Oak
Maximize Your Returns
Our competitive business savings interest rates fuel your growth.
Avoid Unnecessary Costs
Benefit from no monthly maintenance fees, boosting your business’ bottom line.
Protect Your Assets
Your deposits are FDIC-insured2, safeguarding your business from financial risks.
Streamline Your Financial Management
Open your business savings account online and add authorized signers to accelerate efficiency.
Extended FDIC Insurance Coverage
Access millions in aggregate FDIC insurance through IntraFi® ‘s network of banks.4
Minimize Risk
Protect your assets with access to millions in aggregate FDIC insurance coverage while earning a competitive rate.
No Fees
Receive access to extended FDIC insurance coverage at no extra cost to you.
Centralized Relationship
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.
Save from Anywhere
Your Cash, Working and Within Reach
Live Oak Business Savings is opened, funded, and managed online.Secure Access You Can Count On
Two-factor authentication protects every login, and account alerts keep you informed of transfers and activity.One View of Your Business Cash
Your savings sits alongside your checking and CDs under a single login, so you can see your full cash position at a glance.Set It and Let It Grow
Schedule recurring transfers from your checking to sweep idle cash into savings automatically.Give Your Team the Right Access
Add users with permissions that match their role, so your bookkeeper can see what they need without full control.
Live Oak Loves Small Businesses
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.
Business Savings Account FAQ
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.
- You can transfer funds electronically through an ACH transaction. To do this, log on to the Live Oak Portal and choose the ‘Transfer Funds’ option. You may transfer funds between your Live Oak accounts and your linked external accounts. Please allow 1-2 business days for the transfer to process.
- Mail your check to our Headquarters:
Live Oak Bank
Attention: Deposits
1757 Tiburon Drive
Wilmington, NC 28403
* Please note we do not accept checks drawn on foreign banks, third-party checks or cash deposits. (A third-party check is a check that is signed over to an individual not named on the front of the check - Deposit a check with the Live Oak Bank Mobile App. Deposit limits apply. The mobile deposit cutoff time is 4:00 p.m. ET. Deposits received after 4:00 p.m. ET will be processed on the following business day.
- Wire funds into your account. Log on to the Live Oak Portal for wire instructions. You must have an open account to deposit by wire. A new account cannot be opened by wire. (please click here to see our fee schedule for applicable fees).
Live Oak Bank will not accept cash deposits.
