If you opened and funded an Easy Access Tracker account during the qualifying period and met the entry criteria, we’ll be in touch directly if you’re a winner.
Deposit £2,000 to a new or existing Easy Access Tracker account between 18 August 2025 to 31 October 2025.
Every extra £2,000 you deposit and hold until 28 February 2026 gives you another entry. It’s not essential, but it gives you more chances to win.
Hold at least £4,000 or more in your account through to 28 February 2026 to remain eligible. This can include deposits made prior to the promotional period.
Winners will be chosen at random and contacted by phone or email. The more you save, the better your chances.
Names will be drawn at random – so the more you save, the more chances you’ll have to win. Winners will be contacted in March via phone or email.
You’ll get one entry for every incremental £2,000 you deposit before 31 October and hold in your account until 28 February 2026. So if you deposit £2,000, then add £4,000 later during the deposit period, that’s three entries.
Types of savings accounts:
Filters
Types of savings accounts:
Term
AER
Min. deposit
Withdrawals
The Financial Conduct Authority is a financial services regulator. It requires OakNorth to give you this important information to help you decide whether our Easy Access Tracker accounts are right for you. You should read this document carefully, together with the General Terms & Conditions and Product Terms & Conditions for Easy Access Tracker accounts, so you understand what you are buying, and then keep it safe for future reference.
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For customers who are new to OakNorth only, an additional fixed boost of 1.14% AER for the first 12 months from the date the account is opened. Existing OakNorth customers will receive the variable interest rate without the boost.
| Product | Spread* vs Base rate (%) |
Interest rate without boost |
Interest rate with boost (includes a temporary increase of 1.14% AER for first 12 months) |
| Easy Access Tracker Account | -0.75 | 3.00% AER/ 2.96% gross (variable) |
4.14% AER/ 4.06% gross (variable) |
The interest rate follows the Bank of England base rate plus a spread, as shown above. Spread is the percentage added to or subtracted from the Bank of England base rate.
Your account will start accruing interest once we’ve received and processed your first deposit. This usually happens the same business day, but no later than the next. Interest is calculated on the minimum daily balance and applied monthly.
If you withdraw funds, interest will be calculated on your total balance up to – but not including – the withdrawal date.
Boost interest
The 12-month boost is available to customers who are new to Easy Access Tracker only from the date the account is opened. A new to product customer is defined as someone who has never held an Easy Access Tracker savings account before.
After the 12-month boost period ends, the boost will be removed automatically and your interest rate will move to the standard Easy Access Tracker rate, which continues to follow the Bank of England base rate plus a spread.
Go to the Bank of England website to monitor the base rate.
You can find the interest rates for all issues of our accounts on our website.
Yes. Interest rates are variable and tracks the Bank of England base rate. If the Bank of England base rate changes, the new interest rate on your account will apply from the following business day that this takes effect.
We may adjust the spread at our discretion, as outlined in our Terms and Conditions.
If the spread increases your rate, we’ll email you as soon as we can and in any event within 30 calendar days of the change taking effect. If it decreases, we’ll notify you at least 14 days in advance.
The 1.14% AER boost is fixed for the 12-month boost period and will not change during that time. Once the boost period ends, it will be removed automatically. We’ll notify you at least 14 days in advance of the boost being removed.
With 12-month interest rate boost for new customers:
| Product | Initial deposit at account opening | Balance after 12 months | Balance after 24 months (12 months with boost and 12 months without boost) |
| Easy Access Tracker Account | £1,000.00 | £1,041.40 | £1,072.64 |
Without interest rate boost:
| Product | Initial deposit at account opening |
Balance after 12 months |
| Easy Access Tracker Account | £1,000.00 | £1,030.00 |
These examples are for illustrative purposes only and are based on the current Bank of England base rate. They assume no further deposits or withdrawals, that interest is accrued daily and applied monthly, that any interest earned stays in the account, and that the Bank of England base rate does not change.
In addition, the “with 12-month boost” example assumes the boost applies for the full 12 months before reducing to the above non-boosted tracker.
These examples don’t take individual circumstances into account.
You must be a UK resident aged 18+ with a personal UK bank or building society account. Apply via our website or app.
Once approved, you’ll have 14 calendar days to make your first deposit. The minimum deposit required to open your account is £1. After the 14-day window, your account will be automatically closed if no funds have been added.
You can deposit up to £500,000 into a single account, and make multiple deposits at any time – up to the maximum balance allowed. However, the total amount you can hold with us across all your OakNorth accounts (excluding interest) is capped at £500,000 per person.
If the product is withdrawn, existing accounts will remain open, but no new applications will be accepted.
To manage your account, log in via the OakNorth web platform or app. Alternatively, you can contact us by email or phone.
Yes. You can withdraw funds at any time with no limits on the number of withdrawals. Withdrawals are processed the next business day or within two business days if requested on a non-business day.
Withdrawals can be made via the OakNorth web platform or app, or by contacting us via email or phone.
If your balance remains £0 for six months, we may close your account. You’ll be notified at least six weeks in advance.
Interest will be paid gross, with no tax deduction. This is based on current tax laws, which may change. The Annual Equivalent Rate (AER) shows the interest rate if paid and compounded annually.
This product includes a temporary introductory boost for new OakNorth Easy Access Tracker Accounts. After the boost period ends, the interest rate will reduce.
This Summary Box highlights key product features. It’s not a substitute for our full Terms and Conditions.
Deposit £2,000 into your Easy Access Tracker account by 30 September, and you’ll be entered into our early bird draw. With five extra prizes of £1,000 up for grabs, it’s our way of saying thanks to customers who start saving sooner. Remember, you’ll also need to keep at least £4,000 in your account until 28 February to be eligible.
Earn a variable rate that tracks the Bank of England base rate.
Access your money when you need it, with next-business day withdrawals.
Open your account with just £1, and top up whenever it suits you.
No, you can use an existing OakNorth Easy Access Tracker account, as long as you deposit at least £2,000 between 18 August and 31 October and maintain the balance criteria till 28 February.
Only deposits that remain in your account until 28 February 2026 will count towards your entries. You need to maintain at least £4,000 in your account to be eligible.
Each £2,000 of net incremental deposits you make and hold during the promotion equals one entry. For example, if you deposit £8,000 and withdraw £2,000 during the campaign period, your net deposit would be £6,000 – qualifying you for three prize draw entries. There is no limit to the number of entries you can earn, but you can only win one prize.
Each customer can receive a maximum of one early bird entry, even if you deposit more than £2,000 before 30 September 2025. However, you can earn multiple entries into the main prize draw – one for every £2,000 of net incremental deposits you make and hold during the promotion period. Remember, at least £4,000 will need to remain in the account until 28 February 2026 in order to be eligible for early bird and main prize draws.
Each participant is eligible to win only one prize as outlined in the Terms and Conditions of the promotion. In the event that a participant is selected as a winner in more than one category, they will be awarded only the prize with the highest monetary value. The prize in the other category/categories will be reallocated to the next eligible participant(s).
All winners – including those entered into the early bird draw – will be selected at random and contacted by OakNorth in March 2026 via phone or email.
Read full terms and conditions.
If after reviewing the terms and conditions you would like to opt out of the prize draw, please contact us prior to the draw date.