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Live Oak Bank Lowers CD Rates Overnight
 

Live Oak Bank Lowers CD Rates Overnight

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Live Oak Bank CD rates were lowered overnight but their CD rates are still very competitive even with the new lower rates. In fact, Live Oak Bank (NASDAQ:LOB) had the sole spot for the best 1 year CD rate and is now tied for the best 1 year rate with a few other banks.

Live Oak Bank's 1 year CD rates were lowered from 1.29 percent with a yield of 1.30 percent to 1.24 percent with a yield of 1.25 percent. Live Oak's 1 year CD rate is now tied with Synchrony Bank, iGObanking.com, Colorado Federal Savings Bank, and Barclays Bank.

2 year CD rates at Live Oak Bank are now at 1.44 percent with a yield of 1.45 percent. The previous 2 year CD rate was 1.49 percent with a yield of 1.50 percent. The 2 year CD rate at Live Oak is now the third best rate on our 2 year rate list.

Live Oak bank, headquartered in Wilmington, North Carolina, began in 2008.

Live Oak Bank CD Rate Changes

BankProductRate (new / old)Yield (new / old)
Live Oak Bank1 yr CD1.24 / 1.291.25 / 1.30
Live Oak Bank2 yr CD1.44 / 1.491.45 / 1.50
Live Oak Bank5 yr CD1.73 / 1.981.75 / 20
Live Oak Bank4 yr CD1.64 / 1.731.65 / 1.75

Complete List of Current Live Oak Bank CD Rates

  • 6 Month Rate 1.00% Yield 1.00%
  • 1 Year Rate 1.25% Yield 1.25%
  • 18 Month Rate 1.34% Yield 1.35%
  • 2 Year Rate 1.44% Yield 1.45%
  • 3 Year Rate 1.54% Yield 1.55%
  • 4 Year Rate 1.64% Yield 1.65%
  • 5 Year Rate 1.73% Yield 1.75%

You can see how Live Oak Bank CD rates compare with other bank CD rates and credit union CD rates by searching our rate lists at RatesORama.com.


Author: Brian McKay
August 3rd, 2016