Live Oak Bank
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Live Oak Bank Review

Live Oak Bank is an online bank for small business owners with high APY and no monthly fees. Could it be a good fit for your business banking?

    Chelsea Krause
  • Last updated onUpdated

  • Erica Seppala

    Erica Seppala

    Editor & Senior Staff Writer

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Live Oak Bank

Total Rating 4.0
Rewards & Perks Excellent
Fees Fair
Eligibility Requirements Excellent
Features Fair
Customer Service Excellent
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Monthly Fee


Minimum Account Balance

$0 - $2,500

Live Oak Bank At A Glance

  • High-yield savings accounts of up to 4.0% APY and CDs of up to 5.40% with easy eligibility requirements
  • No monthly fees or ACH fees
  • Up to $10M in FDIC insurance available for balances of $350k+ (standard $250k available to all users regardless of account balance)

Chelsea Krause

Chelsea Krause

Lead Staff Writer
Chelsea Krause is a writer who specializes in accounting, payroll, and small business loans. She has been with Merchant Maverick helping small business owners manage their finances since 2016. She is a QuickBooks Certified User and former eCommerce store owner. Her accounting expertise has been quoted in Forbes and her work appears in Startup Nation, Small Business Bonfire, and Women on Business. Chelsea graduated summa cum laude with a BA in English & Creative Writing from George Fox University and studied abroad at the University of Oxford as well. She currently resides in Boise, Idaho.
Chelsea Krause
View Chelsea Krause's professional experience on LinkedIn.
Chelsea Krause

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