The Offer
- Live Oak Bank offers a 12-month CD with an APY of 2.10%
Live Oak is an internet bank, available nationwide, and member FDIC. You can check our their full list of CD options here.
The Fine Print
- Minimum deposit of $2,500 required
- Maximum $250,000 deposit (you can open multiple CDs if you’d like)
- Account funding is done via ACH only
Our Verdict
It’s great seeing rates continue to creep up. Previously the best nationally available 1-year CD was the Synchrony 2% rate; this tops that at 2.10%. Live Oak also recently increased their regular savings account APY rate to 1.60%, bringing them near the top rate for non-locked funds.
We’ve added both of these accounts to our List of Best Savings Accounts.
Hat tip to Depositaccounts & David A
