Live Oak Bank is consistently offers one of the highest rates available on savings accounts. I rarely need assistance, as their website offers enough functionality to meet my needs. However, when I... See more
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Review summary
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What people talk about most
Reviews shaping this summary
I’ve had nothing but the best banking experiences with Live Oak Bank over many years beginning with their Founders Savings Account. Transfers in and out are accomplished smoothly and in a timely m... See more
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Very Satisfied with Live Oak Bank. I have been a customer for numerous years, mostly purchasing CD's and now have opened a savings account. Everyone I have dealt with has always been exceptionally fri... See more
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Live Oak's online application was very easy to use. I was able to transfer funds easily from another bank. The interest on the savings account is very competitive with other high yield savings account... See more
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Company details
About Live Oak Bank
Written by the company
Live Oak Bank has had the privilege of helping thousands of passionate, driven people turn their dreams into reality. These everyday heroes aren’t in it for the fortune or the fame. They’re in it to make a difference, just like we are. As one of the last banks to get a charter before the start of the Great Recession, Live Oak emerged out of the rubble of 2008 as the first bank to keep the customer at the center of the business model. We put a groundbreaking spin on what banking could be, focused on service and technology to redefine banking. Live Oak is a digital, cloud-based bank serving small business owners in all 50 states. We are America's premier SBA lender and our mission is to be America’s small business bank. We aim to fulfill that mission through banking products that help business owners buy, build and expand, along with FDIC-insured high-yield savings and CDs to grow their hard-earned money. Our family of companies under the holding and parent company Live Oak Bancshares (NYSE: LOB), and our subsidiaries, partner with businesses who share a groundbreaking focus on service and technology to redefine banking. Our mantra is to treat every customer like the only customer and our mission is to be America’s small business bank.
Contact info
1741 Tiburon Drive, 28403, Wilmington, United States
- 866.518.0286
- social@liveoak.bank
- www.liveoak.bank
4.6
Excellent
2K reviews
Asks customers to review
This company invites their customers to review, whether positive or negative
Replied to 96% of negative reviews
Typically replies within 48 hours
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Excellent!
I love Live Oak Bank! Their web interface, transfers, and other aspects are all super easy. When I signed up for a bonus, the bonus was awarded right on time. Nothing but good things to say about Live Oak and I hope to bank with them for many years to come!
September 29, 2025
Reply from Live Oak Bank
Mike, thanks for sharing your experience. We’re grateful to have you as part of the Live Oak community!
Love the interest rate
June 21, 2026
Reply from Live Oak Bank
Thanks for the kind words, Ken! We’re proud to be your banking partner and excited to support your journey ahead.
Reply from Live Oak Bank
Stephanie, thanks for sharing your experience. We’re grateful to have you as part of the Live Oak community!
Long time customer
I’ve had nothing but the best banking experiences with Live Oak Bank over many years beginning with their Founders Savings Account. Transfers in and out are accomplished smoothly and in a timely manner.
Interest rates are usually competitive.
Instructions for processing mature CD’s always are presented well in advance of maturity date and options fully explained.
I’m very satisfied with Live Oak Bank.
June 14, 2026
Reply from Live Oak Bank
We’re thrilled to hear you had a great experience with your savings accounts and CDs. Thanks for choosing Live Oak - we’re here to help you keep growing.
I love how easy it was to open a high…
I love how easy it was to open a high yield savings account! The linking of my other accounts to transfer money was so smooth too! I also appreciate how simplistic the app is. I don't need to many fancy things for a place to simply store my savings. Thank you for making it so easy!
June 11, 2026
Reply from Live Oak Bank
April, we appreciate your support and are glad to hear things are going well. Thanks for banking with Live Oak!
Good personal & rates with bank…
Good personal & rates with bank promotions. Look to expand your product line in the future.
June 17, 2026
Reply from Live Oak Bank
AJ, thanks for sharing your experience. We’re grateful to have you as part of the Live Oak community!
The app is simple and easy to use
The app is simple and easy to use. Great experience so far with Live Oak.
June 15, 2026
Reply from Live Oak Bank
Thanks for the kind words, Brian! We’re proud to be your banking partner and excited to support your journey ahead.
Reply from Live Oak Bank
Thomas, thanks for sharing your experience. We’re grateful to have you as part of the Live Oak community!
Ease in creating an account
June 9, 2026
Reply from Live Oak Bank
Dennis, we’re thrilled to hear you had a great experience opening your account. Thanks for choosing Live Oak - we’re here to help you keep growing.
The site is very easy to use and…
The site is very easy to use and secure, protecting sensitive information.
May 25, 2026
Reply from Live Oak Bank
Jennifer, thanks for sharing your experience. We’re grateful to have you as part of the Live Oak community!
I’ve been banking with Live Oak for…
I’ve been banking with Live Oak for years and it’s been a good experience all these years.
June 15, 2026
Reply from Live Oak Bank
Michelle, we appreciate your support and are glad to hear things continue to go well. Thanks for banking with Live Oak!
Good Old Fashioned Service...No Gimmicks
Friendly user interface...the information you want or need is right there...no clutter. Easy transfers. Good rates.
June 15, 2026
Reply from Live Oak Bank
Yvonne, thanks for sharing your experience. We’re grateful to have you as part of the Live Oak community!
Supposed to give $200 for making a…
Supposed to give $200 for making a large deposit and the $200 was not given.
June 3, 2026
Reply from Live Oak Bank
Hi Gil,
Thank you for taking the time to share your feedback.
While we’re unable to discuss specific bonus payout details publicly, we’d appreciate the opportunity to take a closer look and provide additional context.
We invite you to reach out to our team of Customer Success Managers at (866) 518-0286, Monday through Friday, 8:00am to 11:00pm EST.
We look forward to hearing from you.
Reply from Live Oak Bank
Thanks for the kind words! We’re proud to be your banking partner and excited to support your journey ahead.
Venue is terrible
Venue is terrible. No slope on seating makes it very hard to see. Will never buy a lawn seat again because of the obstructed views.
June 14, 2026
Reply from Live Oak Bank
Hi Steven, thank you for sharing your feedback - we’re sorry to hear about your experience.
While Live Oak Bank is the naming sponsor of Live Oak Bank Pavilion, we are not involved in the venue’s operations or seating design. For questions or feedback about the venue, we recommend reaching out directly to the pavilion team or Live Nation so they can better assist.
We appreciate you taking the time to share your thoughts.
Everything that was described
Everything that was described, % rate and transfers has been true
June 14, 2026
Reply from Live Oak Bank
Jeff, we’re thrilled to hear you are having a great experience. Thanks for choosing Live Oak - we’re here to help you keep growing.
Customer Service Great; Interest Rate Not So Much . . .
The good news is that when my account was hacked and $20,000 stolen, Live Oak Bank worked diligently to retrieve it and succeeded. It is an act for which I will be eternally grateful. But their interest rate has continued to fall ever since I opened my account.
June 16, 2026
Unprompted review
Reply from Live Oak Bank
Christopher, thank you for sharing your experience. We’re so glad our team could help support and make your experience a great one.
Reply from Live Oak Bank
Sasikanth, thanks for sharing your experience. We’ll pass your feedback along to the team - it means a lot.
Reply from Live Oak Bank
Alexander, thank you for being a Live Oak customer! Thanks for choosing Live Oak - we’re here to help you keep growing.
LOB Really Couldn't be a Better Internet Bank!
Originally attracted to LOB for its very good APY in 2019. Over the years I've been really impressed with the service and efficiency of transaction -- we use the bank to hold all our current, non investment savings and when needed can easily move funds to our checking account on time (usually taking only a single business day.
Phone support is fantastic with knowledgable & responsive call center personnel.
(Over the years we've several accounts with other internet banks that can't compare to LOB.
You will not be disappointed if you move to Love Oak Bank.
June 7, 2026
Reply from Live Oak Bank
Mike, we’re thrilled to hear you continue to have a great experience. Thanks for choosing Live Oak - we’re here to help you keep growing.
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