Bank on us to build strong foundations for growth

From award-winning homes to care facilities, critically-acclaimed property developers tap into OakNorth’s sector expertise to fast-track their growth.

OakNorth Earn makes work for idle funds

Extra capital should earn its keep, while staying in arm’s reach. When you open an OakNorth business current account you’ll get access to OakNorth Earn – 3.85% AER savings, with next business day access.

Earning interest should be easy. With us, it is:

  • Get access to interest-bearing savings automatically when you open a current account
  • Move money easily between your current account and savings
  • Access your savings, plus accrued interest in one-working day

Apply now

What our customers are saying

SPV, it’s as easy as 1,2,3

Acronyms aren’t usually our style. But if your bank feels spooked by SPVs and it takes you months to open new special purpose vehicle accounts only to lose out on new deals, then it’s time you found a banking partner that speaks your language.

At OakNorth, when you’re a customer, everyday tasks – like making high-value payments, onboarding new directors, opening multiple accounts with complex corporate structures, and accessing specialist financing, become easy.

Open a new account in days, not months 

Real estate moves real fast. We can keep up with the pace, helping you open new accounts quickly, so you can close new opportunities.

Real estate experts to set you up for success

If you need to add a special-purpose vehicle for a new investment, we won’t put up unnecessary barriers or pass you from pillar to post.

UK-regulated and here for the long haul

Since our launch, we’ve lent over £10 billion in specialist structured financing to UK entrepreneurs. Now we’re removing barriers from everyday banking.

Smart secure banking

We’re a fully-licensed digital UK bank, so your eligible funds are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000.

Your blueprint for success?
A bank that understands property

We’ve been at the heart of UK real estate since our origins, lending over £5 billion to industry trailblazers. Our embedded understanding of the sector has seen us shape iconic skylines, breathe new life back into bricks and mortar, and put sustainable SME-housebuilders firmly on the map.

Now, we’re joining forces with an exclusive group of business leaders to build the next-gen solutions and services that help real estate developers grow their influence, insights, and bottom line.

Achieve more with a dedicated OakNorth Business Partner

Faceless banking isn't us. We get to the core of success by connecting you with a dedicated Business Partner that you can rely on. They’ll:
  • Understand the intricacies of your business
  • Know the property sector and your everyday banking needs
  • Help you tap into new business opportunities through seamlessly connected products and services
  • Never ask you unnecessary questions or pass you from pillar to post
  • Be just a call away when you face any hurdles

Everything you need to grow your property business, under one roof

From financing your next piece of land to selling your finished developments, OakNorth business banking goes hand-in-glove with the needs of developers and investors who want to spend more time building their business than being asked hundreds of questions and cutting through red tape.

One transparent process, start to future

Accessing capital to scale is no small feat. That’s why we don’t keep you at arm’s length. Instead, you’re front and centre of all decisions and could even be invited to a Credit Committee with key decision-makers.

Financing in days and weeks not months

Keep ahead of the competition with a partner who knows how to keep up with the pace to keep you in front of the pack.

Industry experts that can structure capital for your future growth

Our granular insights on real estate not only help us make better lending decisions, but they also help us to grow faster and smarter by tailoring your funding to your future.

A flexible financing partner that moves in step with you

We know that things don’t always go from A to B. Sometimes there’s a change in course, and we’ll be there to support you every step of the way.

Backing Britain's leading names

Smart tech for secure banking

We use smart technology and expert teams to keep your finances safe. OakNorth is part of the Financial Services Compensation Scheme (FSCS) so your eligible funds are protected up to £85,000.

Sign up for exclusive early access

Fill our your details below and we’ll add you to our waiting list to join as an early customer. You’ll receive a confirmation email with everything you need to know, and we’ll get in touch directly when it’s time for you to start using the app. If you’d like to know anything else, or have any questions, feel free to reach out to our team at [email protected]


You understand and acknowledge that the business current account and the mobile app are being provided as “beta product(s)” and are made available on an “as is” basis without warranty of any kind. By using the beta product(s), you acknowledge that the functionality may be limited and, whilst we will endeavour to improve the product(s), in the interim, you may suffer from lags, bugs, and generally a slower than intended response time. Your and our liability in relation to the product is covered in full within the Terms and Conditions.

Until we advise you otherwise, we do not recommend that you use the business current account as your primary business bank account. Any communication by an OakNorth business partner is merely a statement of facts and not a recommendation or advice of any kind including with respect to any financial projections, estimates or forecasts related to any product being offered. You are requested to rely on your own analysis before investing/purchasing.

OakNorth Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. (Financial Services Register number: 629564. The Financial Services Register can be accessed at Registered Office: 57 Broadwick Street, London W1F 9QS, Registered in England No. 08595042.

Key Product Information | Terms and Conditions | FSCS Information Sheet  | Privacy Notice

Product Details

Business "Earn" Vault

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 Earn Vaults are right for you. You should read this document carefully, together with the Business Current Account Terms & Conditions, so you understand what you are buying, and then keep it safe for future reference

Term / Product Gross rate (%) AER (%)
“Earn” Vault 3.78 3.85

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 will be calculated and applied on the minimum daily balance and paid on the first day of every subsequent month. Your minimum daily balance is the lowest balance held in your Earn Vault for a given day. If a withdrawal request has been made, interest will be calculated on the total amount until, but not including the day of the withdrawal.

Yes. Interest rates are variable and can be increased or decreased at any time at our sole discretion as outlined in clause 2.4 of our Earn Vault Product Terms & Conditions. If we increase your interest rate, the change will take effect on the next calendar day. In some cases, we will apply this increase with immediate effect. We will also email you about the increase as soon as we can and in any event within 30 calendar days of the change taking effect. If we reduce your interest rate, we will notify you via email at least 14 calendar days prior to the rate change taking effect.

Term/Product Initial Deposit at account opening Balance after 12 months*
“Earn” Vault £10,000.00 £10,385.00

*This is only an example for illustrative purposes and does not take into account your individual circumstances.

This example 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 interest rate.

You can only access your Earn Vault via the mobile app, as explained in the Current Account Terms & Conditions. Your Earn Vault is linked to your current account and will always be available to you. There is no need to open, cancel or close the product. There will be no impact on any customer who does not wish to use the Earn Vault. When you add money to your Earn Vault, this money does not form part of the available balance in your current account. This means:

  • you cannot make payments from your Earn Vault to a third party or any other account belonging to you; and
  • we won’t move money from an Earn Vault into your current account to cover any payments you need to make from your current account.

No minimum or maximum deposit limits apply to your Earn Vault. We do not impose any other limits on your Earn Vault. If this changes, we’ll let you know before they apply.

You can only add money to your Earn Vault from your current account. You can do this via the mobile app at any time. When you add money to your Earn Vault, we will credit your Earn Vault immediately (or in any event within 2 hours).

You may access your balance and details of money added or withdrawn from your Earn Vault through the mobile app.

You can trigger a withdrawal from your Earn Vault to your current account via the mobile app at any time.

There is no minimum withdrawal amount. However, you can only withdraw up to the balance of your Earn Vault. If you attempt to withdraw more than this, we will reject your request.

If we receive your withdrawal request on a business day before 8am, we will move the money to your current account on the same day. If your request is received on a business day after 8am, we will move the money to your current account on the next business day.

If we receive your withdrawal request on a non-business day, we will move the money to your current account on the next business day. If you make a withdrawal request, we will calculate interest on the total balance amount until, but not including, the day of the withdrawal.

If we suspend your current account, we will also suspend your access to the Earn Vault.

If you no longer want to use your Earn Vault, you do not need to ask us to “close” it. As long as you hold a current account with us, you can start using your Earn Vault again at any time and these Earn Terms & Conditions shall apply.

If you or we decide to close your current account and end your agreement with us, we will move the money in your Earn Vault back to your current account. We will then follow the process outlined in your current account T&Cs to return any money we owe to you.

Please note: The information provided in the summary box, is a summary of the key features of our Earn Vault accounts. It should not be used as a substitute for our Terms and Conditions.