Grow your savings with next business day access
Our most flexible account. Enjoy unlimited withdrawals with an Easy Access Tracker account earning 3.80% AER
Your goals, your timeline. With an OakNorth Easy Access Tracker account, you’ll get a variable rate and benefit from the flexibility to access your funds the next business day. It’s ideal for both short – or long-term savers.
The interest rate on this account tracks the Bank of England base rate, plus or minus a spread (this is the rate that we add or subtract from the Bank of England base rate). When applying, you will have full clarity on the interest rate (which will include the Bank of England base rate and the spread). So, if the base rate goes up, your rate will go up; and if the rate comes down, your rate will follow.
You can open an Easy Access Tracker account with as little as £1.
Access your money as and when you choose, with unlimited withdrawals.
No teaser rates. No small print. Just transparent savings – it’s as simple as that.
Types of savings accounts:
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Types of savings accounts:
Term
AER
Min. deposit
Monthly withdrawals
The Financial Conduct Authority is a financial services regulator. It requires OakNorth Bank to give you this important information to help you decide whether our Personal Easy Access Tracker Accounts are right for you. You should read this document carefully, together with the General Terms & Conditions and Specific Terms & Conditions for Personal Easy Access Tracker Accounts, so you understand what you are buying, and then keep it safe for future reference.
You should scroll down and read all information below carefully before you apply.
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| Term/Product | Spread* vs Base Rate % | Gross rate (%) | AER (%) | |
|---|---|---|---|---|
| Next-day access | -0.20 | 3.74 | 3.80 |
The interest rate tracks the Bank of England (BoE) Base Rate (To view the latest rate visit here) plus/ minus a spread* as mentioned above.
Your account will start generating interest no later than one business day from when we receive and apply your deposit to your OakNorth Bank account.
Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month.
If a withdrawal request has been made, interest will be calculated on the total amount until, but not including the day of the withdrawal.
*spread in this document refers to the rate that is added or subtracted to the Bank of England Base Rate
Yes. Interest rates are variable and can be increased or decreased dependent on the Bank of England base rate.
OakNorth may also adjust the spread at any time at our sole discretion as outlined in the Interest Section of our Specific Terms and Conditions – Easy Access Tracker Account.
If we change the interest rate spread on your savings account, which results in your interest rate increasing, we will email you about this increase and confirm the date of the change taking effect. If we change the spread applicable to your interest rate, which results in your interest rate decreasing, we will notify you at least 14 calendar days prior to the decrease.
| Term/Product | Initial Deposit at account opening | Balance after 12 months |
|---|---|---|
| Next-day access | £1,000 | £1,038.00 |
*This is only an example for illustrative purposes and does not take into account your individual circumstances.
This example is based on the reference interest rate as it stood at the time the projection was made and assumes that no further deposits or withdrawals are made, that the interest is accrued daily and applied to the account monthly, that any interest earned stays in the account, and that there is no change to the reference interest rate or spread.
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.
The minimum deposit required for the account is £1. The maximum deposit you may pay into any one account 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.
You can deposit funds into your account up to the maximum principal account balance as set out above even if the product is withdrawn. We may withdraw an Easy Access Tracker product at any time and without notice which means that the product will be closed to new deposit applications.
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.
Yes. There is no term for a Personal Easy Access Tracker account and no limitation on the number of withdrawals.
There is a minimum withdrawal amount of £1. No notice of withdrawal is required and withdrawal requests can be made at any time. The funds will be credited back into your nominated account the next business day, or within 2 business days if the request is received on a non-business day such as a Saturday, Sunday, or a Bank holiday.
Withdrawals can be triggered via Online Banking or the mobile app. You can also contact us by email or phone.
If after withdrawing funds where the balance goes to £0, and remains £0 for a period of six months, we can also close your savings account. We will contact you at least 6 weeks before we close it using the email address you gave us. If the account is closed it cannot be reopened, and you will have to create a new account next time.
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 Personal Easy Access Tracker accounts. It should not be used as a substitute for our Terms and Conditions which can be found on our website.
If you don’t need next business day access to your funds, you could earn more with a Notice Base Rate Tracker account, which requires a 95-days’ notice to withdraw your money. Or, see our full range of accounts designed to suit different saving needs.
Before you get started, remember: with this specific account, your money’s ready to go with next business day access — with variable rates.
Here’s how it works in 3 simple steps:
Download our app or visit the website to fill out a short application — it only takes a few minutes.
Top up or withdraw as and when you like, with a minimum balance of £1.
Your interest starts accruing the next business day. Sit back and let your savings grow.
Since 2015, our lending has helped create 56,000 new homes and 34,000 jobs, driving real impact across the UK. We’re committed to sustainability, targeting net zero across all emissions by 2035, including those we finance. Through our 1+1% Commitment, we donate 1% of group profits and 1% of our team’s time to charitable initiatives, helping communities thrive while your savings grow.
It’s a flexible savings account where the interest rate moves in line with the Bank of England base rate (plus or minus a spread). You can top up at any time and access your money within one business day.
You can apply if you’re aged 18 or over, a UK resident and have a personal UK bank or building society account to transfer funds from.
You can start saving with as little as £1.
Yes. Interest rates are variable and can be increased or decreased depending on the Bank of England base rate. We may also adjust the spread at any time at our sole discretion as outlined in the Specific Terms and Conditions – Easy Access Tracker Account.
No, this account is only available to individual applicants at the moment.
