Grow your savings – with a fixed rate that works as hard as you do

Lock in a great rate and watch your savings grow. Our Fixed Term accounts offer competitive returns for up to 60 months — no hidden fees, no fuss.

The perfect way to plan for your future

Whether you’re saving for a big goal or simply want certainty over your returns, a Fixed Term account can help you plan ahead with confidence.

With this account, it’s important to know that once you’ve put your savings away, you won’t be able to access them until the end of the agreed time period. So, make sure you choose the right account that works for you.

Why choose a Fixed Term account?

Transparent returns

No surprises—just clear, upfront interest and no changing rates. What you see is what you get.

No hidden fees

We don’t charge fees for opening or managing your account. Lock away your savings, let them grow—simple as that.

Low minimum deposits

Start saving from as little as £1. Our accounts are accessible, whether you’re saving a little or a lot.

A term for every kind of saver

6 months

Ideal for short-term savers

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9 months

Ideal for short-term savers

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12 months

Our most popular account

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15 months

Ideal for short to mid-term savers

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18 months

Ideal for mid-term savers

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24 months

Ideal for long-term savers

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30 months

Ideal for long-term savers

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36 months

Ideal for long-term savers

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48 months

Ideal for long-term savers

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60 months

Ideal for long-term savers

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Loyalty bonus rates of up to 0.20% extra for reinvesting Fixed Term savings customers can be found here.

Not the right account for you?

Fixed Term accounts aren’t for everybody. If you’d prefer quicker access to your money, view our other savings products, including our Easy Access or Notice accounts.

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 Term account?

Before you get started, remember: with a Fixed Term account, your savings will be locked away until your chosen maturity date. That’s why it’s important to pick the right term that works for you.

Here’s how it works in 3 simple steps:

1. Choose your term

Pick a Fixed Term account that fits your goals — terms range from 6 to 60 months.

2. Apply online or in the app

Complete a quick application — just a few personal details needed.

3. Make your deposit

Once approved, fund your account. Sit back and let your money work for you.

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 two years – then you’re eligible for an OakNorth fixed term savings account. You’ll also need to have a personal UK bank or building society account to transfer funds into your account

Yes. You can open a joint savings account online from our website. We currently don’t offer joint account applications via the app. Joint accounts exclude ISA products.

To apply you will need:

● A valid email address and phone number
● Your UK address details
● Details of the bank account you will be transferring your funds from