Live Oak Bank CD Rates and Features for 2025
Written by
Rudri Patel
Edited by
Elizabeth Constantineau
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Live Oak Bank certificates of deposit (CDs) provide a great alternative to traditional savings accounts for people who can keep their savings locked in for a specific period. The minimum deposit for CDs is $2,500. You can find terms ranging from three months to five years.
Here are Live Oak Bank CD rates:
| CD Term | APY | Minimum Deposit |
|---|---|---|
| 3 months  | $2,500 | |
| 6 months | $2,500 | |
| 9 months | $2,500 | |
| 1 year | $2,500 | |
| 18 months | $2,500 | |
| 2 years | $2,500 | |
| 3 years | $2,500 | |
| 4 years | $2,500 | |
| 5 years | $2,500 |
Features and Benefits of Live Oak Bank CDs
Apart from having attractive rates, Live Oak Bank is very customer-focused in its policies. Here are a few features of a Live Oak Bank CD account:
| Feature | Benefits |
|---|---|
| Minimum deposit | $2,500 minimum, $250,000 maximum |
| No monthly fees | No charges for opening or maintaining a CD, online banking or disbursements |
| Early withdrawal penalty | -CDs under 24 months: 90 days of interest -CDs over 24 months: 180 days of interest |
| Grace period | 10 days after maturity to withdraw funds |
| Automatic renewal | Option to auto-renew at the current rate for the same term |
Pros and Cons of Live Oak Bank CDs
If you’re considering investing in a Live Oak Bank CD, it is ideal to evaluate the pros and cons.Â
Pros
- High APYs: Live Oak Bank CD rates are higher than many of its competitors.
- Low withdrawal penalties: The withdrawal penalties are not extremely high.
- FDIC-insured: The deposits are covered by FDIC insurance.
Cons
- High minimum deposit: You need a minimum deposit of $2,500.
- Limited CD terms: No CD terms less than three months or greater than five years.
- Low scores on mobile app: The app stores show subpar ratings for the mobile app.
How Much Can You Earn With a Live Oak Bank CD?
Your earnings will depend on the CD term you choose, the APY offered and how much you deposit. Here are a few examples:
| Deposit Amount | Term Length | APY | Estimated Interest Earned |
|---|---|---|---|
| $1,000 | 6-months | $19.31 | |
| $2,500 | 1-year | $102.50 | |
| $5,000 | 3-years | $306.04 | |
| $10,000 | 5-years | $1,040.81 |
How To Open a CD With Live Oak Bank
The process of opening a Live Oak Bank CD account is quite simple and can be done from the comfort of your home. You can open an account online, through the bank’s website.
- Follow the three-step application process. Be prepared to enter your personal details, like your Social Security number and external bank account information.
- Once you have entered the relevant information, the bank will verify the details electronically.
- You might also be asked to provide documentation as a part of additional verification.
- After confirmation of all the details that you have entered, you can transfer funds from your regular account to the newly-opened CD account.
- You can even add a co-owner or beneficiary to your account.
Quick Tip: Manage Your CD Anytime
Live Oak Bank makes it easy to stay on top of your CD. With its mobile app, you can check your balance, monitor interest earnings and manage your account from anywhere.
How Live Oak Bank CD Rates Compare To Other Banks
Live Oak Bank offers relatively high APYs across its range of terms. But it’s a good idea to shop around before locking in a particular CD rate. Here’s a look at some of the competition:Â
| Bank | 1-Year CD Rate | 5-Year CD Rate | Minimum Deposit |
|---|---|---|---|
| Live Oak Bank | $2,500 | ||
| Discover® Bank, Member FDIC | $0 | ||
| Ally Bank | $0 | ||
| Barclays Bank | $0 |
Consider More Than Just CD Rates
While comparing CD rates is important, it’s not the only factor to consider when choosing a bank. Account fees, access to other banking products, customer service quality and convenience can all play a role in finding the best fit for your goals.
MOST COMPARABLE
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MOST COMPARABLE
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No monthly service fee
No monthly service fee
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Is a Live Oak Bank CD Right for You?
Here’s who might benefit most from a Live Oak Bank CD — and who might want to consider other options.
Ideal For
- Savers who can meet the minimum deposit of $2,500
- People comfortable managing their account entirely online
- Individuals looking for higher returns than a traditional savings account
Not Great For
- People who need in-person banking support
- Savers who want more flexibility or early access to their funds
- Those unable to meet the $2,500 minimum deposit requirement
The Bottom Line
When choosing a CD, you should consider the flexibility factor and how long you can keep your money locked in. Live Oak Bank is a good option for opening a CD account due to its high APYs and low penalties for early withdrawal, but many banks offer competitive options.
Rates change often, so you should keep checking for the best CD accounts frequently so that you always have the most up-to-date information and can make an informed decision.
Live Oak Bank CDs: FAQ
Here are the answers to some commonly asked questions about Like Oak Bank CD rates and features.- What is the minimum deposit for a Live Oak Bank CD?
- The minimum is $2,500 to open a CD with Live Oak Bank.
- Do I need a Live Oak Bank account to open a CD?
- No, you don't need an existing account — you can open a CD as a new customer.
- Can I open a CD online?
- Yes, Live Oak Bank CDs can be opened entirely online.
- What happens if I withdraw before the term ends?
- You will face an early withdrawal penalty, which varies based on the CD term length.
- Are Live Oak Bank CD rates competitive in 2025?
- They are competitive, especially compared to traditional brick-and-mortar banks.
Sarah Sharkey and Suchetana Bhattacharyea contributed to the reporting for this article.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Sept. 9, 2025.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
