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Live Oak Bank Lowers CD Rates Overnight

Live Oak Bank Lowers CD Rates Overnight

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