OakNorth’s Fixed Term accounts lock in your rate for terms from 6 to 60 months, so there are no surprises and no guesswork. Just a clear, fixed return on savings starting from as little as £1, with FSCS protection on eligible deposits up to £120,000.
Open with as little as £1
Terms from 6 to 60 months
FSCS protected on eligible deposits up to £120,000
UK-based support team
Access your funds at the end of the term
OakNorth is a UK bank — authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Your eligible deposits are protected by the Financial Services Compensation Scheme up to £120,000 — the same protection you get with other high street banks.
The difference is our focus on offering competitive fixed-term rates — designed to provide certainty and help your savings grow over time. Over 400,000 savers have already made the switch.
The Financial Conduct Authority (FCA) is a financial services regulator in the UK. It requires OakNorth Bank to give you this important information to help you decide whether our Personal Fixed Term Accounts are right for you. You should read this document carefully, together with the General Terms & Conditions and Specific Terms & Conditions for our Fixed Term Accounts, so that you understand what you are buying, and keep it safe for future reference.
You should scroll down and read all information below carefully before you apply.
Scroll down
| Term/Product | Gross rate (%) | AER (%) | |
|---|---|---|---|
| 6 months | 3.60 | 3.60 |
Your savings account will start generating interest no later than one business day from when we receive and apply your first deposit to your savings account and interest is calculated daily from the business day your funds are applied to your savings account.
No. The interest rate is fixed during the term.
| Term/Product | Initial Deposit at account opening | Balance after maturity |
|---|---|---|
| 6 months | £1,000 | £1,018.05 |
*These are only examples for illustrative purposes and do not take into account your individual circumstances.
These estimates assume that the account remains open for the duration of the stated term, deposits are made in a single payment, and interest is accrued daily and applied to the account on the maturity date of your account.
Our accounts are available to individuals, aged 18 or over, who are UK residents (i.e., England, Wales, Northern Ireland and Scotland). Also, you must have a personal UK bank or building society account that allows transfers to be made to and from it.
Applications to open an account must be completed through our website here or via the OakNorth mobile banking app. Please note, joint accounts can only be opened through our online application on the website and not through the mobile app; the maximum number of account holders in a joint account is two.
The minimum deposit required to open your account is £1. The maximum deposit you may pay into any one account with us is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with us across multiple accounts is also £500,000. For a joint account the maximum amount allowed to be held would be £1,000,000 i.e., £500,000 per account holder.
You can fund your account with multiple deposit payments within 14 calendar days from the day your account is approved. The minimum deposit is £1. Once the 14-calendar day period expires, you will not be able to make any further deposits into the account. In the event you do not fund your account within the 14-day period, your account will automatically be closed.
Once you activate online banking, your account can be managed by logging into the OakNorth mobile banking app or through the ‘My Account’ section of our website. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
No, our Fixed Term Deposit Accounts do not allow for funds to be withdrawn during the term of the deposit. We may at our discretion allow it in cases of hardship at our sole discretion, which would require suitable documentary evidence. Interest will be calculated on the total amount until, but not including the day of the withdrawal.
We will write to you at least 14 calendar days before your maturity date to explain your options. We may also send you additional reminders during this time to inform you of the options available as follows:
If we do not receive your instructions before the account maturity date, the total amount including interest will be automatically transferred to a variable rate Easy Access Deposit account with us. See our Easy Access Deposit account page on our website for the current interest rate.
Interest will be paid gross.
We do not deduct tax from the interest we pay to you. This information is based on our understanding of current taxation which may change in the future.
The AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.
Please note: The information provided in the Summary Box is a summary of the key features of our Fixed Term Deposit accounts. It should not be used as a substitute for our Terms and Conditions which can be found on our website.
The Financial Conduct Authority (FCA) is a financial services regulator in the UK. It requires OakNorth Bank to give you this important information to help you decide whether our Personal Fixed Term Accounts are right for you. You should read this document carefully, together with the General Terms & Conditions and Specific Terms & Conditions for our Fixed Term Accounts, so that you understand what you are buying, and keep it safe for future reference.
You should scroll down and read all information below carefully before you apply.
Scroll down
| Term/Product | Gross rate (%) | AER (%) | |
|---|---|---|---|
| 9 months | 3.85 | 3.85 |
Your savings account will start generating interest no later than one business day from when we receive and apply your first deposit to your savings account and interest is calculated daily from the business day your funds are applied to your savings account.
No. The interest rate is fixed during the term.
| Term/Product | Initial Deposit at account opening | Balance after maturity |
|---|---|---|
| 9 months | £1,000 | £1,028.90 |
*These are only examples for illustrative purposes and do not take into account your individual circumstances.
These estimates assume that the account remains open for the duration of the stated term, deposits are made in a single payment, and interest is accrued daily and applied to the account on the maturity date of your account.
Our accounts are available to individuals, aged 18 or over, who are UK residents (i.e., England, Wales, Northern Ireland and Scotland). Also, you must have a personal UK bank or building society account that allows transfers to be made to and from it.
Applications to open an account must be completed through our website here or via the OakNorth mobile banking app. Please note, joint accounts can only be opened through our online application on the website and not through the mobile app; the maximum number of account holders in a joint account is two.
The minimum deposit required to open your account is £1. The maximum deposit you may pay into any one account with us is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with us across multiple accounts is also £500,000. For a joint account the maximum amount allowed to be held would be £1,000,000 i.e., £500,000 per account holder.
You can fund your account with multiple deposit payments within 14 calendar days from the day your account is approved. The minimum deposit is £1. Once the 14-calendar day period expires, you will not be able to make any further deposits into the account. In the event you do not fund your account within the 14-day period, your account will automatically be closed.
Once you activate online banking, your account can be managed by logging into the OakNorth mobile banking app or through the ‘My Account’ section of our website. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
No, our Fixed Term Deposit Accounts do not allow for funds to be withdrawn during the term of the deposit. We may at our discretion allow it in cases of hardship at our sole discretion, which would require suitable documentary evidence. Interest will be calculated on the total amount until, but not including the day of the withdrawal.
We will write to you at least 14 calendar days before your maturity date to explain your options. We may also send you additional reminders during this time to inform you of the options available as follows:
If we do not receive your instructions before the account maturity date, the total amount including interest will be automatically transferred to a variable rate Easy Access Deposit account with us. See our Easy Access Deposit account page on our website for the current interest rate.
Interest will be paid gross.
We do not deduct tax from the interest we pay to you. This information is based on our understanding of current taxation which may change in the future.
The AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.
Please note: The information provided in the Summary Box is a summary of the key features of our Fixed Term Deposit accounts. It should not be used as a substitute for our Terms and Conditions which can be found on our website.
The Financial Conduct Authority (FCA) is a financial services regulator in the UK. It requires OakNorth Bank to give you this important information to help you decide whether our Personal Fixed Term Accounts are right for you. You should read this document carefully, together with the General Terms & Conditions and Specific Terms & Conditions for our Fixed Term Accounts, so that you understand what you are buying, and keep it safe for future reference.
You should scroll down and read all information below carefully before you apply.
Scroll down
| Term/Product | Gross rate (%) | AER (%) | |
|---|---|---|---|
| 12 months | 4.53 | 4.53 |
Your savings account will start generating interest no later than one business day from when we receive and apply your first deposit to your savings account and interest is calculated daily from the business day your funds are applied to your savings account.
No. The interest rate is fixed during the term.
| Term/Product | Initial Deposit at account opening | Balance after maturity |
|---|---|---|
| 12 months | £1,000 | £1,045.30 |
*These are only examples for illustrative purposes and do not take into account your individual circumstances.
These estimates assume that the account remains open for the duration of the stated term, deposits are made in a single payment, and interest is accrued daily and applied to the account on the maturity date of your account.
Our accounts are available to individuals, aged 18 or over, who are UK residents (i.e., England, Wales, Northern Ireland and Scotland). Also, you must have a personal UK bank or building society account that allows transfers to be made to and from it.
Applications to open an account must be completed through our website here or via the OakNorth mobile banking app. Please note, joint accounts can only be opened through our online application on the website and not through the mobile app; the maximum number of account holders in a joint account is two.
The minimum deposit required to open your account is £1. The maximum deposit you may pay into any one account with us is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with us across multiple accounts is also £500,000. For a joint account the maximum amount allowed to be held would be £1,000,000 i.e., £500,000 per account holder.
You can fund your account with multiple deposit payments within 14 calendar days from the day your account is approved. The minimum deposit is £1. Once the 14-calendar day period expires, you will not be able to make any further deposits into the account. In the event you do not fund your account within the 14-day period, your account will automatically be closed.
Once you activate online banking, your account can be managed by logging into the OakNorth mobile banking app or through the ‘My Account’ section of our website. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
No, our Fixed Term Deposit Accounts do not allow for funds to be withdrawn during the term of the deposit. We may at our discretion allow it in cases of hardship at our sole discretion, which would require suitable documentary evidence. Interest will be calculated on the total amount until, but not including the day of the withdrawal.
We will write to you at least 14 calendar days before your maturity date to explain your options. We may also send you additional reminders during this time to inform you of the options available as follows:
If we do not receive your instructions before the account maturity date, the total amount including interest will be automatically transferred to a variable rate Easy Access Deposit account with us. See our Easy Access Deposit account page on our website for the current interest rate.
Interest will be paid gross.
We do not deduct tax from the interest we pay to you. This information is based on our understanding of current taxation which may change in the future.
The AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.
Please note: The information provided in the Summary Box is a summary of the key features of our Fixed Term Deposit accounts. It should not be used as a substitute for our Terms and Conditions which can be found on our website.
The Financial Conduct Authority (FCA) is a financial services regulator in the UK. It requires OakNorth Bank to give you this important information to help you decide whether our Personal Fixed Term Accounts are right for you. You should read this document carefully, together with the General Terms & Conditions and Specific Terms & Conditions for our Fixed Term Accounts, so that you understand what you are buying, and keep it safe for future reference.
You should scroll down and read all information below carefully before you apply.
Scroll down
| Term/Product | Gross rate (%) | AER (%) | |
|---|---|---|---|
| 15 months | 3.60 | 3.60 |
Your savings account will start generating interest no later than one business day from when we receive and apply your first deposit to your savings account and interest is calculated daily from the business day your funds are applied to your savings account.
No. The interest rate is fixed during the term.
| Term/Product | Initial Deposit at account opening | Balance after maturity |
|---|---|---|
| 15 months | £1,000 | £1,045.07 |
*These are only examples for illustrative purposes and do not take into account your individual circumstances.
These estimates assume that the account remains open for the duration of the stated term, deposits are made in a single payment, and interest is accrued daily and applied to the account on the maturity date of your account.
Our accounts are available to individuals, aged 18 or over, who are UK residents (i.e., England, Wales, Northern Ireland and Scotland). Also, you must have a personal UK bank or building society account that allows transfers to be made to and from it.
Applications to open an account must be completed through our website here or via the OakNorth mobile banking app. Please note, joint accounts can only be opened through our online application on the website and not through the mobile app; the maximum number of account holders in a joint account is two.
The minimum deposit required to open your account is £1. The maximum deposit you may pay into any one account with us is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with us across multiple accounts is also £500,000. For a joint account the maximum amount allowed to be held would be £1,000,000 i.e., £500,000 per account holder.
You can fund your account with multiple deposit payments within 14 calendar days from the day your account is approved. The minimum deposit is £1. Once the 14-calendar day period expires, you will not be able to make any further deposits into the account. In the event you do not fund your account within the 14-day period, your account will automatically be closed.
Once you activate online banking, your account can be managed by logging into the OakNorth mobile banking app or through the ‘My Account’ section of our website. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
No, our Fixed Term Deposit Accounts do not allow for funds to be withdrawn during the term of the deposit. We may at our discretion allow it in cases of hardship at our sole discretion, which would require suitable documentary evidence. Interest will be calculated on the total amount until, but not including the day of the withdrawal.
We will write to you at least 14 calendar days before your maturity date to explain your options. We may also send you additional reminders during this time to inform you of the options available as follows:
If we do not receive your instructions before the account maturity date, the total amount including interest will be automatically transferred to a variable rate Easy Access Deposit account with us. See our Easy Access Deposit account page on our website for the current interest rate.
Interest will be paid gross.
We do not deduct tax from the interest we pay to you. This information is based on our understanding of current taxation which may change in the future.
The AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.
Please note: The information provided in the Summary Box is a summary of the key features of our Fixed Term Deposit accounts. It should not be used as a substitute for our Terms and Conditions which can be found on our website.
The Financial Conduct Authority (FCA) is a financial services regulator in the UK. It requires OakNorth Bank to give you this important information to help you decide whether our Personal Fixed Term Accounts are right for you. You should read this document carefully, together with the General Terms & Conditions and Specific Terms & Conditions for our Fixed Term Accounts, so that you understand what you are buying, and keep it safe for future reference.
You should scroll down and read all information below carefully before you apply.
Scroll down
| Term/Product | Gross rate (%) | AER (%) | |
|---|---|---|---|
| 18 months | 3.65 | 3.65 |
Your savings account will start generating interest no later than one business day from when we receive and apply your first deposit to your savings account and interest is calculated daily from the business day your funds are applied to your savings account.
No. The interest rate is fixed during the term.
| Term/Product | Initial Deposit at account opening | Balance after maturity |
|---|---|---|
| 18 months | £1,000 | £1,055.30 |
*These are only examples for illustrative purposes and do not take into account your individual circumstances.
These estimates assume that the account remains open for the duration of the stated term, deposits are made in a single payment, and interest is accrued daily and applied to the account on the maturity date of your account.
Our accounts are available to individuals, aged 18 or over, who are UK residents (i.e., England, Wales, Northern Ireland and Scotland). Also, you must have a personal UK bank or building society account that allows transfers to be made to and from it.
Applications to open an account must be completed through our website here or via the OakNorth mobile banking app. Please note, joint accounts can only be opened through our online application on the website and not through the mobile app; the maximum number of account holders in a joint account is two.
The minimum deposit required to open your account is £1. The maximum deposit you may pay into any one account with us is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with us across multiple accounts is also £500,000. For a joint account the maximum amount allowed to be held would be £1,000,000 i.e., £500,000 per account holder.
You can fund your account with multiple deposit payments within 14 calendar days from the day your account is approved. The minimum deposit is £1. Once the 14-calendar day period expires, you will not be able to make any further deposits into the account. In the event you do not fund your account within the 14-day period, your account will automatically be closed.
Once you activate online banking, your account can be managed by logging into the OakNorth mobile banking app or through the ‘My Account’ section of our website. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
No, our Fixed Term Deposit Accounts do not allow for funds to be withdrawn during the term of the deposit. We may at our discretion allow it in cases of hardship at our sole discretion, which would require suitable documentary evidence. Interest will be calculated on the total amount until, but not including the day of the withdrawal.
We will write to you at least 14 calendar days before your maturity date to explain your options. We may also send you additional reminders during this time to inform you of the options available as follows:
If we do not receive your instructions before the account maturity date, the total amount including interest will be automatically transferred to a variable rate Easy Access Deposit account with us. See our Easy Access Deposit account page on our website for the current interest rate.
Interest will be paid gross.
We do not deduct tax from the interest we pay to you. This information is based on our understanding of current taxation which may change in the future.
The AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.
Please note: The information provided in the Summary Box is a summary of the key features of our Fixed Term Deposit accounts. It should not be used as a substitute for our Terms and Conditions which can be found on our website.
The Financial Conduct Authority (FCA) is a financial services regulator in the UK. It requires OakNorth Bank to give you this important information to help you decide whether our Personal Fixed Term Accounts are right for you. You should read this document carefully, together with the General Terms & Conditions and Specific Terms & Conditions for our Fixed Term Accounts, so that you understand what you are buying, and keep it safe for future reference.
You should scroll down and read all information below carefully before you apply.
Scroll down
| Term/Product | Gross rate (%) | AER (%) | |
|---|---|---|---|
| 24 months | 4.55 | 4.55 |
Your savings account will start generating interest no later than one business day from when we receive and apply your first deposit to your savings account and interest is calculated daily from the business day your funds are applied to your savings account.
No. The interest rate is fixed during the term.
| Term/Product | Initial Deposit at account opening | Balance after maturity |
|---|---|---|
| 24 months | £1,000 | £1,093.07 |
*These are only examples for illustrative purposes and do not take into account your individual circumstances.
These estimates assume that the account remains open for the duration of the stated term, deposits are made in a single payment, and interest is accrued daily and applied to the account on the maturity date of your account.
Our accounts are available to individuals, aged 18 or over, who are UK residents (i.e., England, Wales, Northern Ireland and Scotland). Also, you must have a personal UK bank or building society account that allows transfers to be made to and from it.
Applications to open an account must be completed through our website here or via the OakNorth mobile banking app. Please note, joint accounts can only be opened through our online application on the website and not through the mobile app; the maximum number of account holders in a joint account is two.
The minimum deposit required to open your account is £1. The maximum deposit you may pay into any one account with us is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with us across multiple accounts is also £500,000. For a joint account the maximum amount allowed to be held would be £1,000,000 i.e., £500,000 per account holder.
You can fund your account with multiple deposit payments within 14 calendar days from the day your account is approved. The minimum deposit is £1. Once the 14-calendar day period expires, you will not be able to make any further deposits into the account. In the event you do not fund your account within the 14-day period, your account will automatically be closed.
Once you activate online banking, your account can be managed by logging into the OakNorth mobile banking app or through the ‘My Account’ section of our website. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
No, our Fixed Term Deposit Accounts do not allow for funds to be withdrawn during the term of the deposit. We may at our discretion allow it in cases of hardship at our sole discretion, which would require suitable documentary evidence. Interest will be calculated on the total amount until, but not including the day of the withdrawal.
We will write to you at least 14 calendar days before your maturity date to explain your options. We may also send you additional reminders during this time to inform you of the options available as follows:
If we do not receive your instructions before the account maturity date, the total amount including interest will be automatically transferred to a variable rate Easy Access Deposit account with us. See our Easy Access Deposit account page on our website for the current interest rate.
Interest will be paid gross.
We do not deduct tax from the interest we pay to you. This information is based on our understanding of current taxation which may change in the future.
The AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.
Please note: The information provided in the Summary Box is a summary of the key features of our Fixed Term Deposit accounts. It should not be used as a substitute for our Terms and Conditions which can be found on our website.
The Financial Conduct Authority (FCA) is a financial services regulator in the UK. It requires OakNorth Bank to give you this important information to help you decide whether our Personal Fixed Term Accounts are right for you. You should read this document carefully, together with the General Terms & Conditions and Specific Terms & Conditions for our Fixed Term Accounts, so that you understand what you are buying, and keep it safe for future reference.
You should scroll down and read all information below carefully before you apply.
Scroll down
| Term/Product | Gross rate (%) | AER (%) | |
|---|---|---|---|
| 30 months | 3.50 | 3.50 |
Your savings account will start generating interest no later than one business day from when we receive and apply your first deposit to your savings account and interest is calculated daily from the business day your funds are applied to your savings account.
No. The interest rate is fixed during the term.
| Term/Product | Initial Deposit at account opening | Balance after maturity |
|---|---|---|
| 30 months | £1,000 | £1,089.55 |
*These are only examples for illustrative purposes and do not take into account your individual circumstances.
These estimates assume that the account remains open for the duration of the stated term, deposits are made in a single payment, and interest is accrued daily and applied to the account on the maturity date of your account.
Our accounts are available to individuals, aged 18 or over, who are UK residents (i.e., England, Wales, Northern Ireland and Scotland). Also, you must have a personal UK bank or building society account that allows transfers to be made to and from it.
Applications to open an account must be completed through our website here or via the OakNorth mobile banking app. Please note, joint accounts can only be opened through our online application on the website and not through the mobile app; the maximum number of account holders in a joint account is two.
The minimum deposit required to open your account is £1. The maximum deposit you may pay into any one account with us is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with us across multiple accounts is also £500,000. For a joint account the maximum amount allowed to be held would be £1,000,000 i.e., £500,000 per account holder.
You can fund your account with multiple deposit payments within 14 calendar days from the day your account is approved. The minimum deposit is £1. Once the 14-calendar day period expires, you will not be able to make any further deposits into the account. In the event you do not fund your account within the 14-day period, your account will automatically be closed.
Once you activate online banking, your account can be managed by logging into the OakNorth mobile banking app or through the ‘My Account’ section of our website. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
No, our Fixed Term Deposit Accounts do not allow for funds to be withdrawn during the term of the deposit. We may at our discretion allow it in cases of hardship at our sole discretion, which would require suitable documentary evidence. Interest will be calculated on the total amount until, but not including the day of the withdrawal.
We will write to you at least 14 calendar days before your maturity date to explain your options. We may also send you additional reminders during this time to inform you of the options available as follows:
If we do not receive your instructions before the account maturity date, the total amount including interest will be automatically transferred to a variable rate Easy Access Deposit account with us. See our Easy Access Deposit account page on our website for the current interest rate.
Interest will be paid gross.
We do not deduct tax from the interest we pay to you. This information is based on our understanding of current taxation which may change in the future.
The AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.
Please note: The information provided in the Summary Box is a summary of the key features of our Fixed Term Deposit accounts. It should not be used as a substitute for our Terms and Conditions which can be found on our website.
The Financial Conduct Authority (FCA) is a financial services regulator in the UK. It requires OakNorth Bank to give you this important information to help you decide whether our Personal Fixed Term Accounts are right for you. You should read this document carefully, together with the General Terms & Conditions and Specific Terms & Conditions for our Fixed Term Accounts, so that you understand what you are buying, and keep it safe for future reference.
You should scroll down and read all information below carefully before you apply.
Scroll down
| Term/Product | Gross rate (%) | AER (%) | |
|---|---|---|---|
| 36 months | 4.52 | 4.52 |
Your savings account will start generating interest no later than one business day from when we receive and apply your first deposit to your savings account and interest is calculated daily from the business day your funds are applied to your savings account.
No. The interest rate is fixed during the term.
| Term/Product | Initial Deposit at account opening | Balance after maturity |
|---|---|---|
| 36 months | £1,000 | £1,141.82 |
*These are only examples for illustrative purposes and do not take into account your individual circumstances.
These estimates assume that the account remains open for the duration of the stated term, deposits are made in a single payment, and interest is accrued daily and applied to the account on the maturity date of your account.
Our accounts are available to individuals, aged 18 or over, who are UK residents (i.e., England, Wales, Northern Ireland and Scotland). Also, you must have a personal UK bank or building society account that allows transfers to be made to and from it.
Applications to open an account must be completed through our website here or via the OakNorth mobile banking app. Please note, joint accounts can only be opened through our online application on the website and not through the mobile app; the maximum number of account holders in a joint account is two.
The minimum deposit required to open your account is £1. The maximum deposit you may pay into any one account with us is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with us across multiple accounts is also £500,000. For a joint account the maximum amount allowed to be held would be £1,000,000 i.e., £500,000 per account holder.
You can fund your account with multiple deposit payments within 14 calendar days from the day your account is approved. The minimum deposit is £1. Once the 14-calendar day period expires, you will not be able to make any further deposits into the account. In the event you do not fund your account within the 14-day period, your account will automatically be closed.
Once you activate online banking, your account can be managed by logging into the OakNorth mobile banking app or through the ‘My Account’ section of our website. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
No, our Fixed Term Deposit Accounts do not allow for funds to be withdrawn during the term of the deposit. We may at our discretion allow it in cases of hardship at our sole discretion, which would require suitable documentary evidence. Interest will be calculated on the total amount until, but not including the day of the withdrawal.
We will write to you at least 14 calendar days before your maturity date to explain your options. We may also send you additional reminders during this time to inform you of the options available as follows:
If we do not receive your instructions before the account maturity date, the total amount including interest will be automatically transferred to a variable rate Easy Access Deposit account with us. See our Easy Access Deposit account page on our website for the current interest rate.
Interest will be paid gross.
We do not deduct tax from the interest we pay to you. This information is based on our understanding of current taxation which may change in the future.
The AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.
Please note: The information provided in the Summary Box is a summary of the key features of our Fixed Term Deposit accounts. It should not be used as a substitute for our Terms and Conditions which can be found on our website.
The Financial Conduct Authority (FCA) is a financial services regulator in the UK. It requires OakNorth Bank to give you this important information to help you decide whether our Personal Fixed Term Accounts are right for you. You should read this document carefully, together with the General Terms & Conditions and Specific Terms & Conditions for our Fixed Term Accounts, so that you understand what you are buying, and keep it safe for future reference.
You should scroll down and read all information below carefully before you apply.
Scroll down
| Term/Product | Gross rate (%) | AER (%) | |
|---|---|---|---|
| 48 months | 3.25 | 3.25 |
Your savings account will start generating interest no later than one business day from when we receive and apply your first deposit to your savings account and interest is calculated daily from the business day your funds are applied to your savings account.
No. The interest rate is fixed during the term.
| Term/Product | Initial Deposit at account opening | Balance after maturity |
|---|---|---|
| 48 months | £1,000 | £1,136.48 |
*These are only examples for illustrative purposes and do not take into account your individual circumstances.
These estimates assume that the account remains open for the duration of the stated term, deposits are made in a single payment, and interest is accrued daily and applied to the account on the maturity date of your account.
Our accounts are available to individuals, aged 18 or over, who are UK residents (i.e., England, Wales, Northern Ireland and Scotland). Also, you must have a personal UK bank or building society account that allows transfers to be made to and from it.
Applications to open an account must be completed through our website here or via the OakNorth mobile banking app. Please note, joint accounts can only be opened through our online application on the website and not through the mobile app; the maximum number of account holders in a joint account is two.
The minimum deposit required to open your account is £1. The maximum deposit you may pay into any one account with us is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with us across multiple accounts is also £500,000. For a joint account the maximum amount allowed to be held would be £1,000,000 i.e., £500,000 per account holder.
You can fund your account with multiple deposit payments within 14 calendar days from the day your account is approved. The minimum deposit is £1. Once the 14-calendar day period expires, you will not be able to make any further deposits into the account. In the event you do not fund your account within the 14-day period, your account will automatically be closed.
Once you activate online banking, your account can be managed by logging into the OakNorth mobile banking app or through the ‘My Account’ section of our website. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
No, our Fixed Term Deposit Accounts do not allow for funds to be withdrawn during the term of the deposit. We may at our discretion allow it in cases of hardship at our sole discretion, which would require suitable documentary evidence. Interest will be calculated on the total amount until, but not including the day of the withdrawal.
We will write to you at least 14 calendar days before your maturity date to explain your options. We may also send you additional reminders during this time to inform you of the options available as follows:
If we do not receive your instructions before the account maturity date, the total amount including interest will be automatically transferred to a variable rate Easy Access Deposit account with us. See our Easy Access Deposit account page on our website for the current interest rate.
Interest will be paid gross.
We do not deduct tax from the interest we pay to you. This information is based on our understanding of current taxation which may change in the future.
The AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.
Please note: The information provided in the Summary Box is a summary of the key features of our Fixed Term Deposit accounts. It should not be used as a substitute for our Terms and Conditions which can be found on our website.
The Financial Conduct Authority (FCA) is a financial services regulator in the UK. It requires OakNorth Bank to give you this important information to help you decide whether our Personal Fixed Term Accounts are right for you. You should read this document carefully, together with the General Terms & Conditions and Specific Terms & Conditions for our Fixed Term Accounts, so that you understand what you are buying, and keep it safe for future reference.
You should scroll down and read all information below carefully before you apply.
Scroll down
| Term/Product | Gross rate (%) | AER (%) | |
|---|---|---|---|
| 60 months | 3.25 | 3.25 |
Your savings account will start generating interest no later than one business day from when we receive and apply your first deposit to your savings account and interest is calculated daily from the business day your funds are applied to your savings account.
No. The interest rate is fixed during the term.
| Term/Product | Initial Deposit at account opening | Balance after maturity |
|---|---|---|
| 60 months | £1,000 | £1,173.41 |
*These are only examples for illustrative purposes and do not take into account your individual circumstances.
These estimates assume that the account remains open for the duration of the stated term, deposits are made in a single payment, and interest is accrued daily and applied to the account on the maturity date of your account.
Our accounts are available to individuals, aged 18 or over, who are UK residents (i.e., England, Wales, Northern Ireland and Scotland). Also, you must have a personal UK bank or building society account that allows transfers to be made to and from it.
Applications to open an account must be completed through our website here or via the OakNorth mobile banking app. Please note, joint accounts can only be opened through our online application on the website and not through the mobile app; the maximum number of account holders in a joint account is two.
The minimum deposit required to open your account is £1. The maximum deposit you may pay into any one account with us is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with us across multiple accounts is also £500,000. For a joint account the maximum amount allowed to be held would be £1,000,000 i.e., £500,000 per account holder.
You can fund your account with multiple deposit payments within 14 calendar days from the day your account is approved. The minimum deposit is £1. Once the 14-calendar day period expires, you will not be able to make any further deposits into the account. In the event you do not fund your account within the 14-day period, your account will automatically be closed.
Once you activate online banking, your account can be managed by logging into the OakNorth mobile banking app or through the ‘My Account’ section of our website. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
No, our Fixed Term Deposit Accounts do not allow for funds to be withdrawn during the term of the deposit. We may at our discretion allow it in cases of hardship at our sole discretion, which would require suitable documentary evidence. Interest will be calculated on the total amount until, but not including the day of the withdrawal.
We will write to you at least 14 calendar days before your maturity date to explain your options. We may also send you additional reminders during this time to inform you of the options available as follows:
If we do not receive your instructions before the account maturity date, the total amount including interest will be automatically transferred to a variable rate Easy Access Deposit account with us. See our Easy Access Deposit account page on our website for the current interest rate.
Interest will be paid gross.
We do not deduct tax from the interest we pay to you. This information is based on our understanding of current taxation which may change in the future.
The AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.
Please note: The information provided in the Summary Box is a summary of the key features of our Fixed Term Deposit accounts. It should not be used as a substitute for our Terms and Conditions which can be found on our website.
Term
AER
Min. deposit
Withdrawals
The Financial Conduct Authority (FCA) is a financial services regulator in the UK. It requires OakNorth Bank to give you this important information to help you decide whether our Personal Fixed Term Accounts are right for you. You should read this document carefully, together with the General Terms & Conditions and Specific Terms & Conditions for our Fixed Term Accounts, so that you understand what you are buying, and keep it safe for future reference.
You should scroll down and read all information below carefully before you apply.
Scroll down
| Term/Product | Gross rate (%) | AER (%) | |
|---|---|---|---|
| 6 months | 3.60 | 3.60 | |
| 9 months | 3.85 | 3.85 | |
| 12 months | 4.53 | 4.53 | |
| 15 months | 3.60 | 3.60 | |
| 18 months | 3.65 | 3.65 | |
| 24 months | 4.55 | 4.55 | |
| 30 months | 3.50 | 3.50 | |
| 36 months | 4.52 | 4.52 | |
| 48 months | 3.25 | 3.25 | |
| 60 months | 3.25 | 3.25 |
Your savings account will start generating interest no later than one business day from when we receive and apply your first deposit to your savings account and interest is calculated daily from the business day your funds are applied to your savings account.
No. The interest rate is fixed during the term.
| Term/Product | Initial Deposit at account opening | Balance after maturity |
|---|---|---|
| 6 months | £1,000 | £1,018.05 |
| 9 months | £1,000 | £1,028.90 |
| 12 months | £1,000 | £1,045.30 |
| 15 months | £1,000 | £1,045.07 |
| 18 months | £1,000 | £1,055.30 |
| 24 months | £1,000 | £1,093.07 |
| 30 months | £1,000 | £1,089.55 |
| 36 months | £1,000 | £1,141.82 |
| 48 months | £1,000 | £1,136.48 |
| 60 months | £1,000 | £1,173.41 |
*These are only examples for illustrative purposes and do not take into account your individual circumstances.
These estimates assume that the account remains open for the duration of the stated term, deposits are made in a single payment, and interest is accrued daily and applied to the account on the maturity date of your account.
Our accounts are available to individuals, aged 18 or over, who are UK residents (i.e., England, Wales, Northern Ireland and Scotland). Also, you must have a personal UK bank or building society account that allows transfers to be made to and from it.
Applications to open an account must be completed through our website here or via the OakNorth mobile banking app. Please note, joint accounts can only be opened through our online application on the website and not through the mobile app; the maximum number of account holders in a joint account is two.
The minimum deposit required to open your account is £1. The maximum deposit you may pay into any one account with us is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with us across multiple accounts is also £500,000. For a joint account the maximum amount allowed to be held would be £1,000,000 i.e., £500,000 per account holder.
You can fund your account with multiple deposit payments within 14 calendar days from the day your account is approved. The minimum deposit is £1. Once the 14-calendar day period expires, you will not be able to make any further deposits into the account. In the event you do not fund your account within the 14-day period, your account will automatically be closed.
Once you activate online banking, your account can be managed by logging into the OakNorth mobile banking app or through the ‘My Account’ section of our website. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
No, our Fixed Term Deposit Accounts do not allow for funds to be withdrawn during the term of the deposit. We may at our discretion allow it in cases of hardship at our sole discretion, which would require suitable documentary evidence. Interest will be calculated on the total amount until, but not including the day of the withdrawal.
We will write to you at least 14 calendar days before your maturity date to explain your options. We may also send you additional reminders during this time to inform you of the options available as follows:
If we do not receive your instructions before the account maturity date, the total amount including interest will be automatically transferred to a variable rate Easy Access Deposit account with us. See our Easy Access Deposit account page on our website for the current interest rate.
Interest will be paid gross.
We do not deduct tax from the interest we pay to you. This information is based on our understanding of current taxation which may change in the future.
The AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.
Please note: The information provided in the Summary Box is a summary of the key features of our Fixed Term Deposit accounts. It should not be used as a substitute for our Terms and Conditions which can be found on our website.
Apply online or in the app
Fund your account
Watch your savings grow
With a Fixed Term account, your rate is confirmed from day one and stays fixed for your entire term. If the Bank of England changes its rates tomorrow, yours won’t change. With a Fixed Term account, you won’t be able to access the funds until the end of your term so its important you only deposit money that you won’t need access to.
If you think you might need access to your money during the term, take a look at our Easy Access or Notice accounts — they may be a better fit.
Over 400,000 savers have trusted us with their money since 2015. FSCS protected. Real UK support when you need it.
Yes. OakNorth Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Your eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 — the same protection as any UK high street bank.
Fixed Term accounts are designed to be held for the full term, and you won’t be able to access your funds early. If there’s any chance you’ll need the money sooner, our Easy Access or Notice accounts may be more suitable.
Most customers complete their application in under 10 minutes. You’ll need your personal details, National Insurance number, and bank account information for the initial transfer.
If you’re over 18 years old and you’re a resident of the UK – i.e. you have a permanent UK address that you’ve had for over two years – then you’re eligible for an OakNorth fixed term savings account. You’ll also need to have a personal UK bank or building society account to transfer funds into your account
Yes. You can open a joint savings account online from our website. We currently don’t offer joint account applications via the app. Joint accounts exclude ISA products.
*This calculator provides an illustrative estimate of how your savings could grow over time based on the information you enter. The estimate assumes that the interest rate does not change during the period, that any contributions are made on the [1st of the month] and no withdrawals are made. The estimate does not account for tax, fees, or future rate changes. Actual returns may vary depending on your account type, deposit amount, term, and tax status. This information does not constitute financial advice or a recommendation, and OakNorth Bank accepts no responsibility for any losses arising from reliance on these calculations.
