For example, Live Oak’s two-year CD has an APY of 2.00%, while Marcus by Goldman Sachs, Synchrony Bank and Bread Savings offer APYs of 4.10%, 3.50% and 4.00%, respectively, on CDs of the same ...

Live Oak Bank charges an early withdrawal penalty of up to 180 days’ simple interest, depending on your CD term, if you withdraw principal funds from your account before maturity.