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Earn tax-free interest with a Fixed Rate Cash ISA

Lock in a great rate and grow your savings tax-free — with terms from 12 to 36 months.

Plan today, feel confident tomorrow

A Fixed Rate Cash ISA is a tax-free individual savings account, which means you won’t pay any tax on the interest that you earn.

You can save up to £20,000 into one Cash ISA in a tax year. With an OakNorth Fixed Rate Cash ISA, you’ll earn a set interest rate throughout, so you’ll know what your returns are upfront – and they won’t change. So, if you’re looking to make your money go further, see our range of ISAs with terms from 12 to 36 months.

Why choose a Fixed Rate Cash ISA?

Tax free earnings

Enjoy tax-free growth on your interest. Save up to £20,000 in any one tax year.

Transparent returns

No teaser rates, no gimmicks. Just fixed interest that rewards your goals.

Low minimum deposits

Start saving from as little as £1. Pick the term that works for you — 12, 24 or 36 months.

How long can you lock your savings away for?

12 months

Our most popular account

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24 months

Ideal for long-term savers

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36 months

Ideal for long-term savers

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Loyalty bonus rates of up to 0.20% extra for reinvesting Fixed Rate Cash ISA Customers can be found here.

Not the right account for you?

A Fixed Rate Cash ISA means putting away your savings to earn competitive interest rates and avoid penalty fees. Although we allow you to withdraw your money at any time, this comes with a penalty – equivalent to an interest reduction. So, if you think you’ll need regular access to your savings an Easy Access Cash ISA may be a better fit for you.

What customers think about our savings accounts

Why save with OakNorth?

Earn more with great rates

Watch your savings grow with a return that makes a difference.

Get set up in minutes

No paperwork, no phone calls — just a few taps to start saving.

Manage your money easily

Track your savings from the app or your online account and stay in control.

Your savings are secure

FSCS-protected up to £85,000. Your savings are in safe hands.

Manage your money your way

Stay in control of your money with ease. Apply for accounts, personalise your savings goals, move funds, and track your interest – all through our website, app, or with support from our UK-based team whenever you need it. 

How do I open a Fixed Rate Cash ISA?

A Fixed Rate Cash ISA works similarly to a Fixed Term account — your money is locked away for an agreed period, but you can still access it if needed. Just keep in mind that withdrawing early comes with a penalty.

If you withdraw before the end of your term, you’ll lose 90 days’ interest on a 12-month term, 180 days’ interest on a 24-month term or 270 days’ interest on a 36-month term. So it’s important to choose a term that suits your needs and access preferences.

Here’s how it works in 3 simple steps:

1. Pick your term

Choose the Fixed Rate Cash ISA that works for you — available in 12, 24, or 36-month terms.

2. Apply online or in the app

Fill in a quick application on our website or via the OakNorth app with just a few personal details.

3. Fund your ISA

Start earning tax-free interest. Remember, early withdrawals reduce the interest earned.

Savings that make a difference

Since 2015, our lending has helped create 56,000 new homes and 34,000 jobs, driving real impact across the UK. We’re committed to sustainability, targeting net zero across all emissions by 2035, including those we finance. Through our 1+1% Commitment, we donate 1% of group profits and 1% of our team’s time to charitable initiatives, helping communities thrive while your savings grow. 

FAQs

If you’re over 18 years old and you’re a resident of the UK – i.e. you have a permanent UK address that you’ve had for over three years – then you’re eligible for an OakNorth fixed rate cash ISA. You’ll also need to have a personal UK bank or building society account to transfer funds into your account.

ISAs are individual savings, so we don’t offer joint ISA products.

No, your interest rate will remain the same throughout the duration of your fixed term ISA.