BUSINESS BANKING
FSCS protected up to Β£120,000 on eligible deposits
Financial Services Register number: 629564
OakNorth current account holders have three ways to grow their savings, depending on their cash flow.
Enjoy flexibility β move your money the next business day.
Know exactly what youβll earn β with a rate that wonβt change.
Tracks the Bank of England (BoE) base rate β your rate moves automatically.
Find the right savings account for your needs. Minimum deposit of Β£50,000 to be eligible for rates where this applies.
Types of savings accounts:
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Types of savings accounts:
Term
AER
Min. deposit
Max balance
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 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.
Scroll down
| Term/Product | Gross rate (%) | AER (%) | |
|---|---|---|---|
| Next-day access | 2.33 | 2.35 |
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 |
|---|---|---|
| Next-day access | Β£10,000 | Β£10,235.00 |
*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:
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, weβll 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 βcloseβ 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 T&Cs 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 which can be found on our website.
Term
AER
Min. deposit
Max balance
Withdrawals
Scroll down
| 30-Day Business Notice Account | |||
|---|---|---|---|
| Balance tier | Spread* vs Base Rate (%) | Gross rate (%) | AER (%) |
| Β£0 β Β£49,999 | n/a | 0.00 | 0.00 |
| Β£50,000 – Β£15,000,000 | -0.60 | 3.10 | 3.15 |
| 95-Day Business Notice Account | |||
|---|---|---|---|
| Balance tier | Spread* vs Base Rate (%) | Gross rate (%) | AER (%) |
| Β£0 β Β£49,999 | n/a | 0.00 | 0.00 |
| Β£50,000 – Β£15,000,000 | -0.20 | 3.49 | 3.55 |
| 125-Day Business Notice Account | |||
|---|---|---|---|
| Balance tier | Spread* vs Base Rate (%) | Gross rate (%) | AER (%) |
| Β£0 β Β£49,999 | n/a | 0.00 | 0.00 |
| Β£50,000 – Β£15,000,000 | -0.13 | 3.56 | 3.62 |
The interest rate tracks the Bank of England (BoE) Base Rate (To view the latest rate visit www.bankofengland.co.uk/monetary-policy) minus a spread*, as mentioned above.Β
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, subject to maintaining a balance of Β£50,000.Β
Interest is calculated daily on your end-of-day cleared balance (at 23:30 UTC) and paid monthly on the first business day of each month into your Notice account.Β
If a withdrawal request has been made, interest will be calculated on the total amount until but not including the day of the withdrawal.Β
*Spread in this document refers to the rate that is subtracted from the Bank of England Base Rate
Yes. Interest rates are variable and will automatically increase or decrease in line with changes to the Bank of England (BoE) Base Rate. OakNorth may also adjust the spread at any time at our sole discretion as outlined in the Changes to these Terms section of the Business Notice Account Terms & Conditions.
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 44 days prior to the decrease for 30-day accounts, 109 days prior for 95-day accounts or 139 days prior for 125-day accounts.
| Notice period | Initial deposit at account opening | Balance Tier | Balance after 12 months* |
|---|---|---|---|
| 30 Days | Β£1,000 | Β£0-Β£49,999 (0% AER) | Β£1,000 |
| 30 Days | Β£50,000 | Β£50,000 – Β£15,000,000 (3.15% AER) | Β£51,575 |
| 30 Days | Β£15,000,000 | Β£50,000 – Β£15,000,000 (3.15% AER) | Β£15,472,500 |
| 95 Days | Β£1,000 | Β£0-Β£49,999 (0% AER) | Β£1,000 |
| 95 Days | Β£50,000 | Β£50,000 – Β£15,000,000 (3.55% AER) | Β£51,775 |
| 95 Days | Β£15,000,000 | Β£50,000 – Β£15,000,000 (3.55% AER) | Β£15,532,500 |
| 125 Days | Β£1,000 | Β£0-Β£49,999 (0% AER) | Β£1,000 |
| 125 Days | Β£50,000 | Β£50,000 – Β£15,000,000 (3.62% AER) | Β£51,810 |
| 125 Days | Β£15,000,000 | Β£50,000 – Β£15,000,000 (3.62% AER) | Β£15,543,000 |
*These examples are provided for illustrative purposes only and do not consider your individual circumstances.Β Β
Examples are based on the Bank of England base rate of 3.75% as of April 2026 and assume no further deposits or withdrawals are made, that interest is accrued daily and applied monthly, that any interest earned stays in the account, and that there is no change to the Bank of England base rate or interest rate spreads during the 12-month period. Β
Eligibility: You must hold a Business Current Account with OakNorth Bank to open a Notice account. The account is available to active UK registered businesses that are either a Limited Company, Private Unlimited company, PLC, LLP or Overseas Company.Β
Opening Your Account: You can open a Notice account via the mobile app and web platform. You will need to select your preferred notice period (30-day, 95-day or 125-day) during the opening process. Once opened you can access your Notice account via the mobile app and web platform.Β
When you add money to your Notice account, this money does not form part of the available balance in your current account. This means:Β
No minimum or maximum deposit limits apply to your Notice account. However, interest is only earned on balances of Β£50,000 and above. The maximum amount which can be deposited into the account is Β£15,000,000. We do not impose any other limits on your Notice account. If this changes, we’ll let you know before they apply.Β
You can only add money to your Notice account from your current account. You can do this via the mobile app and web platform at any time. When you add money to your Notice account, we will credit your Notice account immediately (or in any event within 2 hours).
You may access your balance and details of money added or withdrawn from your Notice account through the mobile app and web platform. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
Yes, you must give advance notice before making any withdrawal:Β
Withdrawal ProcessΒ
You must submit your withdrawal notice via online banking or mobile app. The notice period begins the same day we receive your instruction. Your funds will be available the business day after your notice period expires, when the transfer will be completed to your current account.
Important Withdrawal InformationΒ
There is no limit on the number of withdrawals you can make (with proper notice), and partial withdrawals are permitted without needing to close your account. There is no minimum withdrawal amount. There are no fees for withdrawals with proper notice, but no changes are allowed once withdrawal notice is submitted. Withdrawals can only be made to your current account.
Interest is calculated up to but not including the withdrawal date.Β
Interest will be paid gross.Β
AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.Β
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.
Important Considerations: This account is designed for businesses saving for the medium to long term and is not suitable if you need instant access to your funds. Consider the notice period carefully before depositing and ensure you have sufficient funds elsewhere for short-term needs.Β
If we suspend your current account, we will also suspend your access to the Notice Account. If you or we decide to close your current account and end your agreement with us, any pending withdrawal requests will be processed according to their notice periods, after which we will move any remaining money in your Notice Account 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 this summary is a summary of the key features of our Business Notice Account. It should not be used as a substitute for our Business Notice Account Terms and Conditions which can be found on our website.Β
Term
AER
Min. deposit
Max balance
Withdrawals
Scroll down
| 30-Day Business Notice Account | |||
|---|---|---|---|
| Balance tier | Spread* vs Base Rate (%) | Gross rate (%) | AER (%) |
| Β£0 β Β£49,999 | n/a | 0.00 | 0.00 |
| Β£50,000 – Β£15,000,000 | -0.60 | 3.10 | 3.15 |
| 95-Day Business Notice Account | |||
|---|---|---|---|
| Balance tier | Spread* vs Base Rate (%) | Gross rate (%) | AER (%) |
| Β£0 β Β£49,999 | n/a | 0.00 | 0.00 |
| Β£50,000 – Β£15,000,000 | -0.20 | 3.49 | 3.55 |
| 125-Day Business Notice Account | |||
|---|---|---|---|
| Balance tier | Spread* vs Base Rate (%) | Gross rate (%) | AER (%) |
| Β£0 β Β£49,999 | n/a | 0.00 | 0.00 |
| Β£50,000 – Β£15,000,000 | -0.13 | 3.56 | 3.62 |
The interest rate tracks the Bank of England (BoE) Base Rate (To view the latest rate visit www.bankofengland.co.uk/monetary-policy) minus a spread*, as mentioned above.Β
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, subject to maintaining a balance of Β£50,000.Β
Interest is calculated daily on your end-of-day cleared balance (at 23:30 UTC) and paid monthly on the first business day of each month into your Notice account.Β
If a withdrawal request has been made, interest will be calculated on the total amount until but not including the day of the withdrawal.Β
*Spread in this document refers to the rate that is subtracted from the Bank of England Base Rate
Yes. Interest rates are variable and will automatically increase or decrease in line with changes to the Bank of England (BoE) Base Rate. OakNorth may also adjust the spread at any time at our sole discretion as outlined in the Changes to these Terms section of the Business Notice Account Terms & Conditions.
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 44 days prior to the decrease for 30-day accounts, 109 days prior for 95-day accounts or 139 days prior for 125-day accounts.
| Notice period | Initial deposit at account opening | Balance Tier | Balance after 12 months* |
|---|---|---|---|
| 30 Days | Β£1,000 | Β£0-Β£49,999 (0% AER) | Β£1,000 |
| 30 Days | Β£50,000 | Β£50,000 – Β£15,000,000 (3.15% AER) | Β£51,575 |
| 30 Days | Β£15,000,000 | Β£50,000 – Β£15,000,000 (3.15% AER) | Β£15,472,500 |
| 95 Days | Β£1,000 | Β£0-Β£49,999 (0% AER) | Β£1,000 |
| 95 Days | Β£50,000 | Β£50,000 – Β£15,000,000 (3.55% AER) | Β£51,775 |
| 95 Days | Β£15,000,000 | Β£50,000 – Β£15,000,000 (3.55% AER) | Β£15,532,500 |
| 125 Days | Β£1,000 | Β£0-Β£49,999 (0% AER) | Β£1,000 |
| 125 Days | Β£50,000 | Β£50,000 – Β£15,000,000 (3.62% AER) | Β£51,810 |
| 125 Days | Β£15,000,000 | Β£50,000 – Β£15,000,000 (3.62% AER) | Β£15,543,000 |
*These examples are provided for illustrative purposes only and do not consider your individual circumstances.Β Β
Examples are based on the Bank of England base rate of 3.75% as of April 2026 and assume no further deposits or withdrawals are made, that interest is accrued daily and applied monthly, that any interest earned stays in the account, and that there is no change to the Bank of England base rate or interest rate spreads during the 12-month period. Β
Eligibility: You must hold a Business Current Account with OakNorth Bank to open a Notice account. The account is available to active UK registered businesses that are either a Limited Company, Private Unlimited company, PLC, LLP or Overseas Company.Β
Opening Your Account: You can open a Notice account via the mobile app and web platform. You will need to select your preferred notice period (30-day, 95-day or 125-day) during the opening process. Once opened you can access your Notice account via the mobile app and web platform.Β
When you add money to your Notice account, this money does not form part of the available balance in your current account. This means:Β
No minimum or maximum deposit limits apply to your Notice account. However, interest is only earned on balances of Β£50,000 and above. The maximum amount which can be deposited into the account is Β£15,000,000. We do not impose any other limits on your Notice account. If this changes, we’ll let you know before they apply.Β
You can only add money to your Notice account from your current account. You can do this via the mobile app and web platform at any time. When you add money to your Notice account, we will credit your Notice account immediately (or in any event within 2 hours).
You may access your balance and details of money added or withdrawn from your Notice account through the mobile app and web platform. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
Yes, you must give advance notice before making any withdrawal:Β
Withdrawal ProcessΒ
You must submit your withdrawal notice via online banking or mobile app. The notice period begins the same day we receive your instruction. Your funds will be available the business day after your notice period expires, when the transfer will be completed to your current account.
Important Withdrawal InformationΒ
There is no limit on the number of withdrawals you can make (with proper notice), and partial withdrawals are permitted without needing to close your account. There is no minimum withdrawal amount. There are no fees for withdrawals with proper notice, but no changes are allowed once withdrawal notice is submitted. Withdrawals can only be made to your current account.
Interest is calculated up to but not including the withdrawal date.Β
Interest will be paid gross.Β
AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.Β
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.
Important Considerations: This account is designed for businesses saving for the medium to long term and is not suitable if you need instant access to your funds. Consider the notice period carefully before depositing and ensure you have sufficient funds elsewhere for short-term needs.Β
If we suspend your current account, we will also suspend your access to the Notice Account. If you or we decide to close your current account and end your agreement with us, any pending withdrawal requests will be processed according to their notice periods, after which we will move any remaining money in your Notice Account 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 this summary is a summary of the key features of our Business Notice Account. It should not be used as a substitute for our Business Notice Account Terms and Conditions which can be found on our website.Β
Term
AER
Min. deposit
Max balance
Withdrawals
Scroll down
| 30-Day Business Notice Account | |||
|---|---|---|---|
| Balance tier | Spread* vs Base Rate (%) | Gross rate (%) | AER (%) |
| Β£0 β Β£49,999 | n/a | 0.00 | 0.00 |
| Β£50,000 – Β£15,000,000 | -0.60 | 3.10 | 3.15 |
| 95-Day Business Notice Account | |||
|---|---|---|---|
| Balance tier | Spread* vs Base Rate (%) | Gross rate (%) | AER (%) |
| Β£0 β Β£49,999 | n/a | 0.00 | 0.00 |
| Β£50,000 – Β£15,000,000 | -0.20 | 3.49 | 3.55 |
| 125-Day Business Notice Account | |||
|---|---|---|---|
| Balance tier | Spread* vs Base Rate (%) | Gross rate (%) | AER (%) |
| Β£0 β Β£49,999 | n/a | 0.00 | 0.00 |
| Β£50,000 – Β£15,000,000 | -0.13 | 3.56 | 3.62 |
The interest rate tracks the Bank of England (BoE) Base Rate (To view the latest rate visit www.bankofengland.co.uk/monetary-policy) minus a spread*, as mentioned above.Β
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, subject to maintaining a balance of Β£50,000.Β
Interest is calculated daily on your end-of-day cleared balance (at 23:30 UTC) and paid monthly on the first business day of each month into your Notice account.Β
If a withdrawal request has been made, interest will be calculated on the total amount until but not including the day of the withdrawal.Β
*Spread in this document refers to the rate that is subtracted from the Bank of England Base Rate
Yes. Interest rates are variable and will automatically increase or decrease in line with changes to the Bank of England (BoE) Base Rate. OakNorth may also adjust the spread at any time at our sole discretion as outlined in the Changes to these Terms section of the Business Notice Account Terms & Conditions.
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 44 days prior to the decrease for 30-day accounts, 109 days prior for 95-day accounts or 139 days prior for 125-day accounts.
| Notice period | Initial deposit at account opening | Balance Tier | Balance after 12 months* |
|---|---|---|---|
| 30 Days | Β£1,000 | Β£0-Β£49,999 (0% AER) | Β£1,000 |
| 30 Days | Β£50,000 | Β£50,000 – Β£15,000,000 (3.15% AER) | Β£51,575 |
| 30 Days | Β£15,000,000 | Β£50,000 – Β£15,000,000 (3.15% AER) | Β£15,472,500 |
| 95 Days | Β£1,000 | Β£0-Β£49,999 (0% AER) | Β£1,000 |
| 95 Days | Β£50,000 | Β£50,000 – Β£15,000,000 (3.55% AER) | Β£51,775 |
| 95 Days | Β£15,000,000 | Β£50,000 – Β£15,000,000 (3.55% AER) | Β£15,532,500 |
| 125 Days | Β£1,000 | Β£0-Β£49,999 (0% AER) | Β£1,000 |
| 125 Days | Β£50,000 | Β£50,000 – Β£15,000,000 (3.62% AER) | Β£51,810 |
| 125 Days | Β£15,000,000 | Β£50,000 – Β£15,000,000 (3.62% AER) | Β£15,543,000 |
*These examples are provided for illustrative purposes only and do not consider your individual circumstances.Β Β
Examples are based on the Bank of England base rate of 3.75% as of April 2026 and assume no further deposits or withdrawals are made, that interest is accrued daily and applied monthly, that any interest earned stays in the account, and that there is no change to the Bank of England base rate or interest rate spreads during the 12-month period. Β
Eligibility: You must hold a Business Current Account with OakNorth Bank to open a Notice account. The account is available to active UK registered businesses that are either a Limited Company, Private Unlimited company, PLC, LLP or Overseas Company.Β
Opening Your Account: You can open a Notice account via the mobile app and web platform. You will need to select your preferred notice period (30-day, 95-day or 125-day) during the opening process. Once opened you can access your Notice account via the mobile app and web platform.Β
When you add money to your Notice account, this money does not form part of the available balance in your current account. This means:Β
No minimum or maximum deposit limits apply to your Notice account. However, interest is only earned on balances of Β£50,000 and above. The maximum amount which can be deposited into the account is Β£15,000,000. We do not impose any other limits on your Notice account. If this changes, we’ll let you know before they apply.Β
You can only add money to your Notice account from your current account. You can do this via the mobile app and web platform at any time. When you add money to your Notice account, we will credit your Notice account immediately (or in any event within 2 hours).
You may access your balance and details of money added or withdrawn from your Notice account through the mobile app and web platform. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
Yes, you must give advance notice before making any withdrawal:Β
Withdrawal ProcessΒ
You must submit your withdrawal notice via online banking or mobile app. The notice period begins the same day we receive your instruction. Your funds will be available the business day after your notice period expires, when the transfer will be completed to your current account.
Important Withdrawal InformationΒ
There is no limit on the number of withdrawals you can make (with proper notice), and partial withdrawals are permitted without needing to close your account. There is no minimum withdrawal amount. There are no fees for withdrawals with proper notice, but no changes are allowed once withdrawal notice is submitted. Withdrawals can only be made to your current account.
Interest is calculated up to but not including the withdrawal date.Β
Interest will be paid gross.Β
AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.Β
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.
Important Considerations: This account is designed for businesses saving for the medium to long term and is not suitable if you need instant access to your funds. Consider the notice period carefully before depositing and ensure you have sufficient funds elsewhere for short-term needs.Β
If we suspend your current account, we will also suspend your access to the Notice Account. If you or we decide to close your current account and end your agreement with us, any pending withdrawal requests will be processed according to their notice periods, after which we will move any remaining money in your Notice Account 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 this summary is a summary of the key features of our Business Notice Account. It should not be used as a substitute for our Business Notice Account Terms and Conditions which can be found on our website.Β
Term
AER
Min. deposit
Max balance
Withdrawals
Scroll down
| 30-Day Business Notice Account | |||
|---|---|---|---|
| Balance tier | Spread* vs Base Rate (%) | Gross rate (%) | AER (%) |
| Β£0 β Β£49,999 | n/a | 0.00 | 0.00 |
| Β£50,000 – Β£15,000,000 | -0.60 | 3.10 | 3.15 |
| 95-Day Business Notice Account | |||
|---|---|---|---|
| Balance tier | Spread* vs Base Rate (%) | Gross rate (%) | AER (%) |
| Β£0 β Β£49,999 | n/a | 0.00 | 0.00 |
| Β£50,000 – Β£15,000,000 | -0.20 | 3.49 | 3.55 |
| 125-Day Business Notice Account | |||
|---|---|---|---|
| Balance tier | Spread* vs Base Rate (%) | Gross rate (%) | AER (%) |
| Β£0 β Β£49,999 | n/a | 0.00 | 0.00 |
| Β£50,000 – Β£15,000,000 | -0.13 | 3.56 | 3.62 |
The interest rate tracks the Bank of England (BoE) Base Rate (To view the latest rate visit www.bankofengland.co.uk/monetary-policy) minus a spread*, as mentioned above.Β
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, subject to maintaining a balance of Β£50,000.Β
Interest is calculated daily on your end-of-day cleared balance (at 23:30 UTC) and paid monthly on the first business day of each month into your Notice account.Β
If a withdrawal request has been made, interest will be calculated on the total amount until but not including the day of the withdrawal.Β
*Spread in this document refers to the rate that is subtracted from the Bank of England Base Rate
Yes. Interest rates are variable and will automatically increase or decrease in line with changes to the Bank of England (BoE) Base Rate. OakNorth may also adjust the spread at any time at our sole discretion as outlined in the Changes to these Terms section of the Business Notice Account Terms & Conditions.
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 44 days prior to the decrease for 30-day accounts, 109 days prior for 95-day accounts or 139 days prior for 125-day accounts.
| Notice period | Initial deposit at account opening | Balance Tier | Balance after 12 months* |
|---|---|---|---|
| 30 Days | Β£1,000 | Β£0-Β£49,999 (0% AER) | Β£1,000 |
| 30 Days | Β£50,000 | Β£50,000 – Β£15,000,000 (3.15% AER) | Β£51,575 |
| 30 Days | Β£15,000,000 | Β£50,000 – Β£15,000,000 (3.15% AER) | Β£15,472,500 |
| 95 Days | Β£1,000 | Β£0-Β£49,999 (0% AER) | Β£1,000 |
| 95 Days | Β£50,000 | Β£50,000 – Β£15,000,000 (3.55% AER) | Β£51,775 |
| 95 Days | Β£15,000,000 | Β£50,000 – Β£15,000,000 (3.55% AER) | Β£15,532,500 |
| 125 Days | Β£1,000 | Β£0-Β£49,999 (0% AER) | Β£1,000 |
| 125 Days | Β£50,000 | Β£50,000 – Β£15,000,000 (3.62% AER) | Β£51,810 |
| 125 Days | Β£15,000,000 | Β£50,000 – Β£15,000,000 (3.62% AER) | Β£15,543,000 |
*These examples are provided for illustrative purposes only and do not consider your individual circumstances.Β Β
Examples are based on the Bank of England base rate of 3.75% as of April 2026 and assume no further deposits or withdrawals are made, that interest is accrued daily and applied monthly, that any interest earned stays in the account, and that there is no change to the Bank of England base rate or interest rate spreads during the 12-month period. Β
Eligibility: You must hold a Business Current Account with OakNorth Bank to open a Notice account. The account is available to active UK registered businesses that are either a Limited Company, Private Unlimited company, PLC, LLP or Overseas Company.Β
Opening Your Account: You can open a Notice account via the mobile app and web platform. You will need to select your preferred notice period (30-day, 95-day or 125-day) during the opening process. Once opened you can access your Notice account via the mobile app and web platform.Β
When you add money to your Notice account, this money does not form part of the available balance in your current account. This means:Β
No minimum or maximum deposit limits apply to your Notice account. However, interest is only earned on balances of Β£50,000 and above. The maximum amount which can be deposited into the account is Β£15,000,000. We do not impose any other limits on your Notice account. If this changes, we’ll let you know before they apply.Β
You can only add money to your Notice account from your current account. You can do this via the mobile app and web platform at any time. When you add money to your Notice account, we will credit your Notice account immediately (or in any event within 2 hours).
You may access your balance and details of money added or withdrawn from your Notice account through the mobile app and web platform. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
Yes, you must give advance notice before making any withdrawal:Β
Withdrawal ProcessΒ
You must submit your withdrawal notice via online banking or mobile app. The notice period begins the same day we receive your instruction. Your funds will be available the business day after your notice period expires, when the transfer will be completed to your current account.
Important Withdrawal InformationΒ
There is no limit on the number of withdrawals you can make (with proper notice), and partial withdrawals are permitted without needing to close your account. There is no minimum withdrawal amount. There are no fees for withdrawals with proper notice, but no changes are allowed once withdrawal notice is submitted. Withdrawals can only be made to your current account.
Interest is calculated up to but not including the withdrawal date.Β
Interest will be paid gross.Β
AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.Β
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.
Important Considerations: This account is designed for businesses saving for the medium to long term and is not suitable if you need instant access to your funds. Consider the notice period carefully before depositing and ensure you have sufficient funds elsewhere for short-term needs.Β
If we suspend your current account, we will also suspend your access to the Notice Account. If you or we decide to close your current account and end your agreement with us, any pending withdrawal requests will be processed according to their notice periods, after which we will move any remaining money in your Notice Account 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 this summary is a summary of the key features of our Business Notice Account. It should not be used as a substitute for our Business Notice Account Terms and Conditions which can be found on our website.Β
Term
AER
Min. deposit
Max balance
Withdrawals
Scroll down
| 30-Day Business Notice Account | |||
|---|---|---|---|
| Balance tier | Spread* vs Base Rate (%) | Gross rate (%) | AER (%) |
| Β£0 β Β£49,999 | n/a | 0.00 | 0.00 |
| Β£50,000 – Β£15,000,000 | -0.60 | 3.10 | 3.15 |
| 95-Day Business Notice Account | |||
|---|---|---|---|
| Balance tier | Spread* vs Base Rate (%) | Gross rate (%) | AER (%) |
| Β£0 β Β£49,999 | n/a | 0.00 | 0.00 |
| Β£50,000 – Β£15,000,000 | -0.20 | 3.49 | 3.55 |
| 125-Day Business Notice Account | |||
|---|---|---|---|
| Balance tier | Spread* vs Base Rate (%) | Gross rate (%) | AER (%) |
| Β£0 β Β£49,999 | n/a | 0.00 | 0.00 |
| Β£50,000 – Β£15,000,000 | -0.13 | 3.56 | 3.62 |
The interest rate tracks the Bank of England (BoE) Base Rate (To view the latest rate visit www.bankofengland.co.uk/monetary-policy) minus a spread*, as mentioned above.Β
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, subject to maintaining a balance of Β£50,000.Β
Interest is calculated daily on your end-of-day cleared balance (at 23:30 UTC) and paid monthly on the first business day of each month into your Notice account.Β
If a withdrawal request has been made, interest will be calculated on the total amount until but not including the day of the withdrawal.Β
*Spread in this document refers to the rate that is subtracted from the Bank of England Base Rate
Yes. Interest rates are variable and will automatically increase or decrease in line with changes to the Bank of England (BoE) Base Rate. OakNorth may also adjust the spread at any time at our sole discretion as outlined in the Changes to these Terms section of the Business Notice Account Terms & Conditions.
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 44 days prior to the decrease for 30-day accounts, 109 days prior for 95-day accounts or 139 days prior for 125-day accounts.
| Notice period | Initial deposit at account opening | Balance Tier | Balance after 12 months* |
|---|---|---|---|
| 30 Days | Β£1,000 | Β£0-Β£49,999 (0% AER) | Β£1,000 |
| 30 Days | Β£50,000 | Β£50,000 – Β£15,000,000 (3.15% AER) | Β£51,575 |
| 30 Days | Β£15,000,000 | Β£50,000 – Β£15,000,000 (3.15% AER) | Β£15,472,500 |
| 95 Days | Β£1,000 | Β£0-Β£49,999 (0% AER) | Β£1,000 |
| 95 Days | Β£50,000 | Β£50,000 – Β£15,000,000 (3.55% AER) | Β£51,775 |
| 95 Days | Β£15,000,000 | Β£50,000 – Β£15,000,000 (3.55% AER) | Β£15,532,500 |
| 125 Days | Β£1,000 | Β£0-Β£49,999 (0% AER) | Β£1,000 |
| 125 Days | Β£50,000 | Β£50,000 – Β£15,000,000 (3.62% AER) | Β£51,810 |
| 125 Days | Β£15,000,000 | Β£50,000 – Β£15,000,000 (3.62% AER) | Β£15,543,000 |
*These examples are provided for illustrative purposes only and do not consider your individual circumstances.Β Β
Examples are based on the Bank of England base rate of 3.75% as of April 2026 and assume no further deposits or withdrawals are made, that interest is accrued daily and applied monthly, that any interest earned stays in the account, and that there is no change to the Bank of England base rate or interest rate spreads during the 12-month period. Β
Eligibility: You must hold a Business Current Account with OakNorth Bank to open a Notice account. The account is available to active UK registered businesses that are either a Limited Company, Private Unlimited company, PLC, LLP or Overseas Company.Β
Opening Your Account: You can open a Notice account via the mobile app and web platform. You will need to select your preferred notice period (30-day, 95-day or 125-day) during the opening process. Once opened you can access your Notice account via the mobile app and web platform.Β
When you add money to your Notice account, this money does not form part of the available balance in your current account. This means:Β
No minimum or maximum deposit limits apply to your Notice account. However, interest is only earned on balances of Β£50,000 and above. The maximum amount which can be deposited into the account is Β£15,000,000. We do not impose any other limits on your Notice account. If this changes, we’ll let you know before they apply.Β
You can only add money to your Notice account from your current account. You can do this via the mobile app and web platform at any time. When you add money to your Notice account, we will credit your Notice account immediately (or in any event within 2 hours).
You may access your balance and details of money added or withdrawn from your Notice account through the mobile app and web platform. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
Yes, you must give advance notice before making any withdrawal:Β
Withdrawal ProcessΒ
You must submit your withdrawal notice via online banking or mobile app. The notice period begins the same day we receive your instruction. Your funds will be available the business day after your notice period expires, when the transfer will be completed to your current account.
Important Withdrawal InformationΒ
There is no limit on the number of withdrawals you can make (with proper notice), and partial withdrawals are permitted without needing to close your account. There is no minimum withdrawal amount. There are no fees for withdrawals with proper notice, but no changes are allowed once withdrawal notice is submitted. Withdrawals can only be made to your current account.
Interest is calculated up to but not including the withdrawal date.Β
Interest will be paid gross.Β
AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.Β
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.
Important Considerations: This account is designed for businesses saving for the medium to long term and is not suitable if you need instant access to your funds. Consider the notice period carefully before depositing and ensure you have sufficient funds elsewhere for short-term needs.Β
If we suspend your current account, we will also suspend your access to the Notice Account. If you or we decide to close your current account and end your agreement with us, any pending withdrawal requests will be processed according to their notice periods, after which we will move any remaining money in your Notice Account 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 this summary is a summary of the key features of our Business Notice Account. It should not be used as a substitute for our Business Notice Account Terms and Conditions which can be found on our website.Β
Term
AER
Min. deposit
Max balance
Withdrawals
Scroll down
| 30-Day Business Notice Account | |||
|---|---|---|---|
| Balance tier | Spread* vs Base Rate (%) | Gross rate (%) | AER (%) |
| Β£0 β Β£49,999 | n/a | 0.00 | 0.00 |
| Β£50,000 – Β£15,000,000 | -0.60 | 3.10 | 3.15 |
| 95-Day Business Notice Account | |||
|---|---|---|---|
| Balance tier | Spread* vs Base Rate (%) | Gross rate (%) | AER (%) |
| Β£0 β Β£49,999 | n/a | 0.00 | 0.00 |
| Β£50,000 – Β£15,000,000 | -0.20 | 3.49 | 3.55 |
| 125-Day Business Notice Account | |||
|---|---|---|---|
| Balance tier | Spread* vs Base Rate (%) | Gross rate (%) | AER (%) |
| Β£0 β Β£49,999 | n/a | 0.00 | 0.00 |
| Β£50,000 – Β£15,000,000 | -0.13 | 3.56 | 3.62 |
The interest rate tracks the Bank of England (BoE) Base Rate (To view the latest rate visit www.bankofengland.co.uk/monetary-policy) minus a spread*, as mentioned above.Β
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, subject to maintaining a balance of Β£50,000.Β
Interest is calculated daily on your end-of-day cleared balance (at 23:30 UTC) and paid monthly on the first business day of each month into your Notice account.Β
If a withdrawal request has been made, interest will be calculated on the total amount until but not including the day of the withdrawal.Β
*Spread in this document refers to the rate that is subtracted from the Bank of England Base Rate
Yes. Interest rates are variable and will automatically increase or decrease in line with changes to the Bank of England (BoE) Base Rate. OakNorth may also adjust the spread at any time at our sole discretion as outlined in the Changes to these Terms section of the Business Notice Account Terms & Conditions.
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 44 days prior to the decrease for 30-day accounts, 109 days prior for 95-day accounts or 139 days prior for 125-day accounts.
| Notice period | Initial deposit at account opening | Balance Tier | Balance after 12 months* |
|---|---|---|---|
| 30 Days | Β£1,000 | Β£0-Β£49,999 (0% AER) | Β£1,000 |
| 30 Days | Β£50,000 | Β£50,000 – Β£15,000,000 (3.15% AER) | Β£51,575 |
| 30 Days | Β£15,000,000 | Β£50,000 – Β£15,000,000 (3.15% AER) | Β£15,472,500 |
| 95 Days | Β£1,000 | Β£0-Β£49,999 (0% AER) | Β£1,000 |
| 95 Days | Β£50,000 | Β£50,000 – Β£15,000,000 (3.55% AER) | Β£51,775 |
| 95 Days | Β£15,000,000 | Β£50,000 – Β£15,000,000 (3.55% AER) | Β£15,532,500 |
| 125 Days | Β£1,000 | Β£0-Β£49,999 (0% AER) | Β£1,000 |
| 125 Days | Β£50,000 | Β£50,000 – Β£15,000,000 (3.62% AER) | Β£51,810 |
| 125 Days | Β£15,000,000 | Β£50,000 – Β£15,000,000 (3.62% AER) | Β£15,543,000 |
*These examples are provided for illustrative purposes only and do not consider your individual circumstances.Β Β
Examples are based on the Bank of England base rate of 3.75% as of April 2026 and assume no further deposits or withdrawals are made, that interest is accrued daily and applied monthly, that any interest earned stays in the account, and that there is no change to the Bank of England base rate or interest rate spreads during the 12-month period. Β
Eligibility: You must hold a Business Current Account with OakNorth Bank to open a Notice account. The account is available to active UK registered businesses that are either a Limited Company, Private Unlimited company, PLC, LLP or Overseas Company.Β
Opening Your Account: You can open a Notice account via the mobile app and web platform. You will need to select your preferred notice period (30-day, 95-day or 125-day) during the opening process. Once opened you can access your Notice account via the mobile app and web platform.Β
When you add money to your Notice account, this money does not form part of the available balance in your current account. This means:Β
No minimum or maximum deposit limits apply to your Notice account. However, interest is only earned on balances of Β£50,000 and above. The maximum amount which can be deposited into the account is Β£15,000,000. We do not impose any other limits on your Notice account. If this changes, we’ll let you know before they apply.Β
You can only add money to your Notice account from your current account. You can do this via the mobile app and web platform at any time. When you add money to your Notice account, we will credit your Notice account immediately (or in any event within 2 hours).
You may access your balance and details of money added or withdrawn from your Notice account through the mobile app and web platform. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
Yes, you must give advance notice before making any withdrawal:Β
Withdrawal ProcessΒ
You must submit your withdrawal notice via online banking or mobile app. The notice period begins the same day we receive your instruction. Your funds will be available the business day after your notice period expires, when the transfer will be completed to your current account.
Important Withdrawal InformationΒ
There is no limit on the number of withdrawals you can make (with proper notice), and partial withdrawals are permitted without needing to close your account. There is no minimum withdrawal amount. There are no fees for withdrawals with proper notice, but no changes are allowed once withdrawal notice is submitted. Withdrawals can only be made to your current account.
Interest is calculated up to but not including the withdrawal date.Β
Interest will be paid gross.Β
AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.Β
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.
Important Considerations: This account is designed for businesses saving for the medium to long term and is not suitable if you need instant access to your funds. Consider the notice period carefully before depositing and ensure you have sufficient funds elsewhere for short-term needs.Β
If we suspend your current account, we will also suspend your access to the Notice Account. If you or we decide to close your current account and end your agreement with us, any pending withdrawal requests will be processed according to their notice periods, after which we will move any remaining money in your Notice Account 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 this summary is a summary of the key features of our Business Notice Account. It should not be used as a substitute for our Business Notice Account Terms and Conditions which can be found on our website.Β
Term
AER
Min. deposit
Max balance
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 Business Fixed Term Deposit Terms & Conditions and the Business Fixed Term Deposit Account is right for you. You should read this document carefully, together with the , so you understand what you are buying, and then keep it safe for future reference.
Scroll down
| 6 month fixed term | ||
|---|---|---|
| Balance tier | Gross rate (%) | AER (%) |
| Β£50,000 – Β£10,000,000 | 3.59 | 3.65 |
| 12 month fixed term | ||
|---|---|---|
| Balance tier | Gross rate (%) | AER (%) |
| Β£50,000 – Β£10,000,000 | 3.73 | 3.80 |
| 24 month fixed term | ||
|---|---|---|
| Balance tier | Gross rate (%) | AER (%) |
| Β£50,000 – Β£10,000,000 | 3.63 | 3.70 |
| 36 month fixed term | ||
|---|---|---|
| Balance tier | Gross rate (%) | AER (%) |
| Β£50,000 – Β£10,000,000 | 3.59 | 3.65 |
The rate of interest is determined by your total deposit balance and will apply to your entire balance. You may only make a single deposit into your account.
Your account will start generating interest no later than one business day from when we receive and apply your deposit to your Business Fixed Term Deposit Account.
No. The interest rate is fixed during the selected term and will not change.
| Term | Initial deposit | Estimated balance at maturity |
|---|---|---|
| 6 months | Β£50,000 | Β£50,912.50 |
| 12 months | Β£50,000 | Β£51,900.00 |
| 24 months | Β£50,000 | Β£53,700.00 |
| 36 months | Β£50,000 | Β£55,475.00 |
*This is only an example for illustrative purposes and does not take into account your individual circumstances.
These examples assume a single deposit with no withdrawals. Interest is calculated daily and compounded annually, and the account remains open for the full selected term
Eligibility: You must hold a Business Current Account with OakNorth Bank to open a Business Fixed Term Deposit Account. The account is available to active UK registered businesses that are either a Limited Company, Private Unlimited Company, PLC, LLP or Overseas Company.
Fixed Term Deposit Account Opening: You can open a Fixed Term Deposit Account by agreeing a deposit amount, interest rate, and term with us via your dedicated Business Partner. All account opening documents and regulatory disclosures will be signed off via DocuSign.
Minimum deposit required to open an account: Β£50,000.
Maximum deposit per customer: Β You may deposit up to Β£10,000,000. If you wish to deposit a larger amount, please contact your Business Partner to discuss your options as larger deposits may be available on request /at our discretion.
Funding: You can only add money to your Fixed Term Deposit from your current account. You can do this via the mobile app or web platform at any time. When you add money to your Fixed Term Deposit, we will credit your Fixed Term Deposit Account immediately.
You must transfer your deposit from your OakNorth Bank Business Current Account within 14 days of the Business Fixed Term Deposit account opening date otherwise the account will be closed. The account may only be funded with a single deposit payment. We cannot accept additional deposits into the same account during the term of the deposit.
Account management: You may access your balance and details of money deposited to your Fixed Term Deposit Account through the mobile app and web platform. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
No. This is a Fixed Term Deposit Account. Your funds are locked for the agreed term and become available at maturity.
Early withdrawals are not permitted, except during the 14-day cooling-off period from the date your account is opened or in exceptional circumstances as described in the Terms & Conditions.
Before your account matures, we will contact you by email to discuss your options. If we have not received your instructions by the maturity date, your principal and interest earned will be automatically transferred to your OakNorth Bank Business Current Account. Please refer to your Fixed Term Deposit Terms & Conditions for full details.
Interest will be accrued daily but only applied to your account upon maturity.
Gross rate interest is the interest payable without taking account of any tax payable.
AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.
You have the right to cancel your Fixed Term Deposit Account within 14 calendar days of the date it is opened, or when you first receive these Terms & Conditions, whichever is later. To cancel, please contact us by email at [email protected]. We will return your principal to your Business Current Account.
Your eligible deposits with OakNorth Bank are protected up to a total of Β£120,000 by the Financial Services Compensation Scheme (FSCS).
If we suspend your current account, we will also suspend your access to your Business Fixed Term Deposit Account. We will 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 Business 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
Max balance
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 Business Fixed Term Deposit Terms & Conditions and the Business Fixed Term Deposit Account is right for you. You should read this document carefully, together with the , so you understand what you are buying, and then keep it safe for future reference.
Scroll down
| 6 month fixed term | ||
|---|---|---|
| Balance tier | Gross rate (%) | AER (%) |
| Β£50,000 – Β£10,000,000 | 3.59 | 3.65 |
| 12 month fixed term | ||
|---|---|---|
| Balance tier | Gross rate (%) | AER (%) |
| Β£50,000 – Β£10,000,000 | 3.73 | 3.80 |
| 24 month fixed term | ||
|---|---|---|
| Balance tier | Gross rate (%) | AER (%) |
| Β£50,000 – Β£10,000,000 | 3.63 | 3.70 |
| 36 month fixed term | ||
|---|---|---|
| Balance tier | Gross rate (%) | AER (%) |
| Β£50,000 – Β£10,000,000 | 3.59 | 3.65 |
The rate of interest is determined by your total deposit balance and will apply to your entire balance. You may only make a single deposit into your account.
Your account will start generating interest no later than one business day from when we receive and apply your deposit to your Business Fixed Term Deposit Account.
No. The interest rate is fixed during the selected term and will not change.
| Term | Initial deposit | Estimated balance at maturity |
|---|---|---|
| 6 months | Β£50,000 | Β£50,912.50 |
| 12 months | Β£50,000 | Β£51,900.00 |
| 24 months | Β£50,000 | Β£53,700.00 |
| 36 months | Β£50,000 | Β£55,475.00 |
*This is only an example for illustrative purposes and does not take into account your individual circumstances.
These examples assume a single deposit with no withdrawals. Interest is calculated daily and compounded annually, and the account remains open for the full selected term
Eligibility: You must hold a Business Current Account with OakNorth Bank to open a Business Fixed Term Deposit Account. The account is available to active UK registered businesses that are either a Limited Company, Private Unlimited Company, PLC, LLP or Overseas Company.
Fixed Term Deposit Account Opening: You can open a Fixed Term Deposit Account by agreeing a deposit amount, interest rate, and term with us via your dedicated Business Partner. All account opening documents and regulatory disclosures will be signed off via DocuSign.
Minimum deposit required to open an account: Β£50,000.
Maximum deposit per customer: Β You may deposit up to Β£10,000,000. If you wish to deposit a larger amount, please contact your Business Partner to discuss your options as larger deposits may be available on request /at our discretion.
Funding: You can only add money to your Fixed Term Deposit from your current account. You can do this via the mobile app or web platform at any time. When you add money to your Fixed Term Deposit, we will credit your Fixed Term Deposit Account immediately.
You must transfer your deposit from your OakNorth Bank Business Current Account within 14 days of the Business Fixed Term Deposit account opening date otherwise the account will be closed. The account may only be funded with a single deposit payment. We cannot accept additional deposits into the same account during the term of the deposit.
Account management: You may access your balance and details of money deposited to your Fixed Term Deposit Account through the mobile app and web platform. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
No. This is a Fixed Term Deposit Account. Your funds are locked for the agreed term and become available at maturity.
Early withdrawals are not permitted, except during the 14-day cooling-off period from the date your account is opened or in exceptional circumstances as described in the Terms & Conditions.
Before your account matures, we will contact you by email to discuss your options. If we have not received your instructions by the maturity date, your principal and interest earned will be automatically transferred to your OakNorth Bank Business Current Account. Please refer to your Fixed Term Deposit Terms & Conditions for full details.
Interest will be accrued daily but only applied to your account upon maturity.
Gross rate interest is the interest payable without taking account of any tax payable.
AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.
You have the right to cancel your Fixed Term Deposit Account within 14 calendar days of the date it is opened, or when you first receive these Terms & Conditions, whichever is later. To cancel, please contact us by email at [email protected]. We will return your principal to your Business Current Account.
Your eligible deposits with OakNorth Bank are protected up to a total of Β£120,000 by the Financial Services Compensation Scheme (FSCS).
If we suspend your current account, we will also suspend your access to your Business Fixed Term Deposit Account. We will 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 Business 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
Max balance
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 Business Fixed Term Deposit Terms & Conditions and the Business Fixed Term Deposit Account is right for you. You should read this document carefully, together with the , so you understand what you are buying, and then keep it safe for future reference.
Scroll down
| 6 month fixed term | ||
|---|---|---|
| Balance tier | Gross rate (%) | AER (%) |
| Β£50,000 – Β£10,000,000 | 3.59 | 3.65 |
| 12 month fixed term | ||
|---|---|---|
| Balance tier | Gross rate (%) | AER (%) |
| Β£50,000 – Β£10,000,000 | 3.73 | 3.80 |
| 24 month fixed term | ||
|---|---|---|
| Balance tier | Gross rate (%) | AER (%) |
| Β£50,000 – Β£10,000,000 | 3.63 | 3.70 |
| 36 month fixed term | ||
|---|---|---|
| Balance tier | Gross rate (%) | AER (%) |
| Β£50,000 – Β£10,000,000 | 3.59 | 3.65 |
The rate of interest is determined by your total deposit balance and will apply to your entire balance. You may only make a single deposit into your account.
Your account will start generating interest no later than one business day from when we receive and apply your deposit to your Business Fixed Term Deposit Account.
No. The interest rate is fixed during the selected term and will not change.
| Term | Initial deposit | Estimated balance at maturity |
|---|---|---|
| 6 months | Β£50,000 | Β£50,912.50 |
| 12 months | Β£50,000 | Β£51,900.00 |
| 24 months | Β£50,000 | Β£53,700.00 |
| 36 months | Β£50,000 | Β£55,475.00 |
*This is only an example for illustrative purposes and does not take into account your individual circumstances.
These examples assume a single deposit with no withdrawals. Interest is calculated daily and compounded annually, and the account remains open for the full selected term
Eligibility: You must hold a Business Current Account with OakNorth Bank to open a Business Fixed Term Deposit Account. The account is available to active UK registered businesses that are either a Limited Company, Private Unlimited Company, PLC, LLP or Overseas Company.
Fixed Term Deposit Account Opening: You can open a Fixed Term Deposit Account by agreeing a deposit amount, interest rate, and term with us via your dedicated Business Partner. All account opening documents and regulatory disclosures will be signed off via DocuSign.
Minimum deposit required to open an account: Β£50,000.
Maximum deposit per customer: Β You may deposit up to Β£10,000,000. If you wish to deposit a larger amount, please contact your Business Partner to discuss your options as larger deposits may be available on request /at our discretion.
Funding: You can only add money to your Fixed Term Deposit from your current account. You can do this via the mobile app or web platform at any time. When you add money to your Fixed Term Deposit, we will credit your Fixed Term Deposit Account immediately.
You must transfer your deposit from your OakNorth Bank Business Current Account within 14 days of the Business Fixed Term Deposit account opening date otherwise the account will be closed. The account may only be funded with a single deposit payment. We cannot accept additional deposits into the same account during the term of the deposit.
Account management: You may access your balance and details of money deposited to your Fixed Term Deposit Account through the mobile app and web platform. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
No. This is a Fixed Term Deposit Account. Your funds are locked for the agreed term and become available at maturity.
Early withdrawals are not permitted, except during the 14-day cooling-off period from the date your account is opened or in exceptional circumstances as described in the Terms & Conditions.
Before your account matures, we will contact you by email to discuss your options. If we have not received your instructions by the maturity date, your principal and interest earned will be automatically transferred to your OakNorth Bank Business Current Account. Please refer to your Fixed Term Deposit Terms & Conditions for full details.
Interest will be accrued daily but only applied to your account upon maturity.
Gross rate interest is the interest payable without taking account of any tax payable.
AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.
You have the right to cancel your Fixed Term Deposit Account within 14 calendar days of the date it is opened, or when you first receive these Terms & Conditions, whichever is later. To cancel, please contact us by email at [email protected]. We will return your principal to your Business Current Account.
Your eligible deposits with OakNorth Bank are protected up to a total of Β£120,000 by the Financial Services Compensation Scheme (FSCS).
If we suspend your current account, we will also suspend your access to your Business Fixed Term Deposit Account. We will 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 Business 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
Max balance
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 Business Fixed Term Deposit Terms & Conditions and the Business Fixed Term Deposit Account is right for you. You should read this document carefully, together with the , so you understand what you are buying, and then keep it safe for future reference.
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| 6 month fixed term | ||
|---|---|---|
| Balance tier | Gross rate (%) | AER (%) |
| Β£50,000 – Β£10,000,000 | 3.59 | 3.65 |
| 12 month fixed term | ||
|---|---|---|
| Balance tier | Gross rate (%) | AER (%) |
| Β£50,000 – Β£10,000,000 | 3.73 | 3.80 |
| 24 month fixed term | ||
|---|---|---|
| Balance tier | Gross rate (%) | AER (%) |
| Β£50,000 – Β£10,000,000 | 3.63 | 3.70 |
| 36 month fixed term | ||
|---|---|---|
| Balance tier | Gross rate (%) | AER (%) |
| Β£50,000 – Β£10,000,000 | 3.59 | 3.65 |
The rate of interest is determined by your total deposit balance and will apply to your entire balance. You may only make a single deposit into your account.
Your account will start generating interest no later than one business day from when we receive and apply your deposit to your Business Fixed Term Deposit Account.
No. The interest rate is fixed during the selected term and will not change.
| Term | Initial deposit | Estimated balance at maturity |
|---|---|---|
| 6 months | Β£50,000 | Β£50,912.50 |
| 12 months | Β£50,000 | Β£51,900.00 |
| 24 months | Β£50,000 | Β£53,700.00 |
| 36 months | Β£50,000 | Β£55,475.00 |
*This is only an example for illustrative purposes and does not take into account your individual circumstances.
These examples assume a single deposit with no withdrawals. Interest is calculated daily and compounded annually, and the account remains open for the full selected term
Eligibility: You must hold a Business Current Account with OakNorth Bank to open a Business Fixed Term Deposit Account. The account is available to active UK registered businesses that are either a Limited Company, Private Unlimited Company, PLC, LLP or Overseas Company.
Fixed Term Deposit Account Opening: You can open a Fixed Term Deposit Account by agreeing a deposit amount, interest rate, and term with us via your dedicated Business Partner. All account opening documents and regulatory disclosures will be signed off via DocuSign.
Minimum deposit required to open an account: Β£50,000.
Maximum deposit per customer: Β You may deposit up to Β£10,000,000. If you wish to deposit a larger amount, please contact your Business Partner to discuss your options as larger deposits may be available on request /at our discretion.
Funding: You can only add money to your Fixed Term Deposit from your current account. You can do this via the mobile app or web platform at any time. When you add money to your Fixed Term Deposit, we will credit your Fixed Term Deposit Account immediately.
You must transfer your deposit from your OakNorth Bank Business Current Account within 14 days of the Business Fixed Term Deposit account opening date otherwise the account will be closed. The account may only be funded with a single deposit payment. We cannot accept additional deposits into the same account during the term of the deposit.
Account management: You may access your balance and details of money deposited to your Fixed Term Deposit Account through the mobile app and web platform. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
No. This is a Fixed Term Deposit Account. Your funds are locked for the agreed term and become available at maturity.
Early withdrawals are not permitted, except during the 14-day cooling-off period from the date your account is opened or in exceptional circumstances as described in the Terms & Conditions.
Before your account matures, we will contact you by email to discuss your options. If we have not received your instructions by the maturity date, your principal and interest earned will be automatically transferred to your OakNorth Bank Business Current Account. Please refer to your Fixed Term Deposit Terms & Conditions for full details.
Interest will be accrued daily but only applied to your account upon maturity.
Gross rate interest is the interest payable without taking account of any tax payable.
AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.
You have the right to cancel your Fixed Term Deposit Account within 14 calendar days of the date it is opened, or when you first receive these Terms & Conditions, whichever is later. To cancel, please contact us by email at [email protected]. We will return your principal to your Business Current Account.
Your eligible deposits with OakNorth Bank are protected up to a total of Β£120,000 by the Financial Services Compensation Scheme (FSCS).
If we suspend your current account, we will also suspend your access to your Business Fixed Term Deposit Account. We will 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 Business Fixed Term Deposit accounts. It should not be used as a substitute for our Terms and Conditions which can be found on our website.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Fixed Term Deposit rates are fixed for the full term and interest is paid at maturity. Rates apply to deposits of Β£50,000βΒ£10m; deposits above Β£10m are quoted on application. Notice Account Rates track the Bank of England base rate, minus a variable spread. The spread is the difference between the base rate and the rate you earn. When the base rate changes, your rate adjusts automatically β so your return stays aligned with the market. Balances above Β£15m are quoted on application. Where the minimum interest-bearing balance is met, interest applies to the full balance. Withdrawals require 30, 95, or 125 days’ notice depending on the account. Available to OakNorth Business Current Account holders only. Subject to eligibility. Terms and conditions apply. Rates correct as at 10 April 2026.
Use our calculator to see what your balance could earn at OakNorth’s current rates. Figures are based on the current rate and assume no withdrawals during the selected period.
When you bank with OakNorth, you get a named Business Partner assigned to your account from day one. They know your business, your structure, and your plans.
Your Business Partner manages your full relationship, including deposits, payments and any lending conversations
One point of contact across all your entities, no matter how many companies you operate
Available by phone and email, not routed through a contact centre
Every OakNorth BB account includes this at no extra cost
