Entries are earned on every £1,000 deposited between 3 August and 30 September 2026 (23:59 cut-off). To keep your entries, your balance must remain in your account until the draw on 6 October 2026 – withdrawals will remove the entries linked to the withdrawn amount. Each participant is eligible to win only one prize. Open to UK residents aged 18 and over. Full terms and conditions apply.
Deposit £1,000 or more into an eligible account between 3 August and 30 September 2026. Deposits are cumulative – two separate £500 deposits count as one entry, the same as a single £1,000 deposit.
Every £1,000 you deposit between 3 August and 30 September earns one entry. Entries are cumulative – two separate £500 deposits earn 1 entry, the same as a single £1,000 deposit. To keep your entries, your balance must remain in your account until the draw on 6 October 2026. Top up throughout the summer to boost your chances.
Winners will be chosen at random on 6 October 2026 and contacted by email by 31 October 2026. The more you save, the better your chances.
Prizes are awarded in cash, credited directly to your OakNorth account. No alternative is available.
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 1.35% AER for the first 3 months from the date the account is opened. Existing OakNorth customers will receive the variable interest rate without the boost.
| Product | Interest rate without boost | Interest rate with boost (includes a temporary increase of 1.35% AER for first 3months) |
|---|---|---|
| Easy Access Tracker | 3% AER / 2.96% gross | 4.35% AER / 4.27% gross |
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 3-month boost is available to customers who are new to OakNorth only from the date the account is opened. A new customer is defined as someone who has never held an OakNorth personal savings account.
After the 3-month boost period ends, the boost will be removed automatically and your interest rate will move to the standard Easy Access Tracker rate.
You can find the interest rates for all issues of our accounts on our website.
Yes. Interest rates are variable and can be increased or decreased at any time at our discretion, as outlined in the Terms and Conditions.
If we increase the interest rate on your savings account, we’ll email you as soon as we can and in any event within 30 calendar days of the change taking effect. If we decrease it, we’ll notify you at least 14 days plus your notice period in advance.
The 1.35% AER boost is fixed for the 3-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.
| Product | Initial deposit at account opening | Balance after 3 months) | Balance after 15 months (3 months with boost and 12 months without boost) |
|---|---|---|---|
| Easy Access Tracker | £1,000.00 | £1,010.85 | £1,041.18 |
This example is for illustrative purposes only. It assumes no further deposits or withdrawals, that interest is accrued daily and applied monthly, that the rate doesn’t change and that any interest earned stays in the account.
In addition, the “with 3-month boost” example assumes the boost applies for the full 3 months before reducing to the standard rate.
It doesn’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 Summary Box highlights key product features. It’s not a substitute for our full Terms and Conditions.
UK residents aged 18 and over. Full terms and conditions apply.
Each participant is eligible to win only one prize.
You’ll get one entry for every incremental £1,000 you deposit between 3 August and 30 September and hold in your account until 6 October 2026. So if you deposit £1,000, then add £4,000 later during the deposit period, that’s five entries.
No — existing customers with eligible accounts can enter by making a new deposit of £1,000 or more during the promotion period.
You can withdraw at any time – but if you do, the entries linked to the withdrawn amount will be removed from the draw. To keep all your entries, make sure your balance stays in your account until the draw on 6 October 2026.
No – only deposits made into your account between 3 August and 30 September 2026 earn entries. Your balance before 24 July does not count.
No specific cap on entries – every £1,000 you deposit between 3 August and 30 September earns one entry, so a single deposit of £5,000 would give you 5 entries straight away. Entries are cumulative, so two separate £500 deposits also earn 1 entry, the same as a single £1,000 deposit. Deposits remain subject to OakNorth’s standard £500,000 aggregate balance limit across savings accounts.
Funds must be received into your account by 23:59 on 30 September 2026 to qualify for an entry. If you’re planning to deposit on the final day, we’d recommend doing so as early as possible to ensure funds are received in time.
Winners will be selected at random on 6 October and contacted by OakNorth by 31 October via email.
