OakNorth has providedover £1.2 billion of gross lending in the UK – up from £300 million a year ago – helpingover 200 UK businesses achieve their growth ambitions; Its loans have directlyhelped with the creation of 5,100 new homes and 4,000 new jobs in the UK; The bank reported a pre-tax profit of £10.6 million […]
The bank is offering a table-topping rate of 1.35% on its 12-month fixed rate cash ISA and a top-three rate of 1.05% on its easy access cash ISA; The bank already has over 15,000 savings customers but is keen to boost this as it looks to lend a further £1.5bn in high quality loans to […]
SMEs in the UK currently save £66.6bn in deposit accounts[1], of which 74% (£49.3bn) is held with the big five banks[2]; These banks provide an average rate of 36%[3]compared to the average rate being offered by the top 10 ‘challenger’ banks of 1.45%[4]; This is a difference in interest of 1.09%, equating to a […]