Live Oak Business Savings vs Tailored Checking: which one fits your business?
Side-by-side comparison of Live Oak Business Savings and Tailored Checking — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: Live Oak Business Savings wins on our scorecard (8/10 vs 7.3/10).
| Scored on | Live Oak Business Savings | Tailored Checking |
|---|---|---|
| Right fit for small biz | 9 | 8 |
| Ease of use | 8 | 7 |
| Fees & pricing | 9 | 7 |
| Customer support | 7 | 6 |
| Features | 7 | 8 |
| Monthly Maintenance Fee | $0 | $10 (waived with $5k balance) |
| Minimum Opening Deposit | $0 | $100 |
| Minimum Balance for Interest | $0.01 | — |
| Incoming Wires | $0 | — |
| Domestic Outgoing Wires | $19.00 | $18 |
| Domestic Incoming Wires | — | $0 |
| ATM Fees | — | $0 + worldwide rebates |
Live Oak Business Savings in one paragraph
A powerhouse for idle cash, offering top-tier interest rates with zero monthly maintenance fees for businesses that don't need physical branches.
Skip it if: You need to deposit physical cash daily or require complex spend management tools for a large team.
Tailored Checking in one paragraph
A solid, rewards-focused account for established businesses that maintain a $5,000 buffer and want the security of a chartered bank.
Skip it if: You cannot consistently maintain a $5,000 average daily balance or if you primarily deposit physical cash.
Frequently asked questions
Which is better, Live Oak Business Savings or Tailored Checking?
On our five-axis scorecard, Live Oak Business Savings scores higher (8/10 vs 7.3/10). A powerhouse for idle cash, offering top-tier interest rates with zero monthly maintenance fees for businesses that don't need physical branches.
Who should skip Live Oak Business Savings?
You need to deposit physical cash daily or require complex spend management tools for a large team.
Who should skip Tailored Checking?
You cannot consistently maintain a $5,000 average daily balance or if you primarily deposit physical cash.