Frequently asked questions

Earn is an easy-access savings vault that comes with your OakNorth account – no separate sign-up needed. It’s designed to help your business earn interest on idle cash, with a great variable rate. Just transfer funds from Spend (your current account) to Earn to start earning.

You can transfer money between your Spend and Earn accounts anytime using the OakNorth app or web platform. Withdrawals are processed by the next business day.

Please note: Earn isn’t available as a standalone product and you can only hold one Earn vault per business account.

For more information, see our Terms and Conditions.

Our Notice accounts are tracker accounts – which means your interest rate follows the Bank of England (BoE) base rate, minus a variable spread. You can find the current base rate on the BoE’s website.

The interest rate you earn is also tiered based on your account balance. You can view the current tier structure in the Key Product Information document.

You can choose between a 30-day or 95-day Notice account. That means you’ll need to give either 30 or 95 calendar days’ notice before accessing your money. Once the notice period ends, your funds will be returned to your Spend (current) account the next business day.

Interest is calculated daily and paid monthly. Your account starts earning interest no later than one business day after your first deposit is applied – as long as your balance meets the minimum threshold for interest.

You can add funds at any time from your Spend account, and you’re free to make partial or full withdrawals. There are no limits on the number of withdrawals, no fees and no minimum withdrawal amount.

You can open and manage your Notice account directly via the OakNorth app or web platform.

For full details, see our Terms and Conditions.