FLEXIBLE SAVINGS THAT FOLLOW THE BANK OF ENGLAND'S RATE - WITH NOTICE
Our Notice Base Rate Tracker account follows the Bank of England’s base rate, so you always know where you stand.
Unlimited withdrawals
Withdraw as often as you like — with just 95 days’ notice.
No hidden fees
No small print. Just transparent savings. If your rate changes, we’ll give you 95 days’ notice.
Low minimum deposits
Start saving from as little as £1 — no big barriers to entry.
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 Notice Tracker accounts are right for you. You should read this document carefully, together with the General Terms & Conditions and Product Terms & Conditions for Notice Tracker accounts, so you understand what you are buying, and then keep it safe for future reference.
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| Term/Product | Spread* vs Base Rate % | Gross rate (%) | AER (%) | |
|---|---|---|---|---|
| 95 days | 0.40 | 4.07 | 4.15 |
The interest rate tracks the Bank of England (BoE) Base Rate (To view the latest rate visit here) plus a spread* as mentioned above.
To view the current interest rates for all the Issues of our Tracker Notice Accounts, please visit the Notice Tracker Account Rate Table on our website.
Your savings account will start generating interest no later than one business day from when we receive and apply your first deposit to your savings account.
Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month.
If a withdrawal request has been made, interest will be calculated on the total amount until, but not including the day of the withdrawal.
*spread in this document refers to the rate that is added or subtracted to the Bank of England Base Rate.
Yes. Interest rates are variable and can be increased or decreased dependent on the Bank of England base rate.
OakNorth may also adjust the spread at any time at our sole discretion as outlined in the Interest Section of our Specific Terms and Conditions- Notice Tracker Accounts.
If we change the spread applicable to your interest rate, which results in your interest rate decreasing, we will notify you at least 14 calendar days in addition to the notice period as per the type of account opened, prior to the decrease.
| Term/Product | Initial Deposit at account opening | Balance after 12 months |
|---|---|---|
| 95 days | £1,000 | £1,041.50 |
*These are only examples for illustrative purposes and do not take into account your individual circumstances.
These examples assume 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.
Our accounts are available to individuals, aged 18 or over, who are UK residents (i.e. England, Wales, Northern Ireland and Scotland). Also, you must have a personal UK bank or building society account that allows transfers to be made to and from it.
Applications to open an account must be completed through our website here or via the OakNorth mobile banking app.
The minimum deposit required to open your account is £1. The maximum deposit you may pay into any one Account is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with us across multiple accounts is also £500,000.
There is no limit on the number of deposits made into your account. The minimum deposit is £1. The account can continue to receive deposits up to the maximum principal account balance even if the product is withdrawn. We may withdraw a Notice Account issue at any time which means that the product will be closed to new deposit applications.
Once you activate online banking, your account can be managed by logging into the OakNorth mobile banking app or the ‘My Account’ section of our website. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
Yes. Although, it is subject to giving us notice as per the type of account opened. Withdrawals from your Notice Tracker Account to your nominated bank account can be triggered via Online Banking or the mobile app. You can also contact us by email or phone. It is not possible to withdraw money from the account without providing the mandatory period of notice. We may at our discretion allow it in cases of hardship at our sole discretion, which would require suitable documentary evidence. Interest will be calculated on the total amount until, but not including the day of the withdrawal.
There are no limitations on the number of withdrawals. There is a minimum withdrawal amount of £1. After providing notice the funds will be credited back into your nominated account the next business day after the notice period has passed.
If after withdrawing funds where the balance goes to £0, and remains £0 for a period of six months, we can also close your savings account. We will contact you at least 6 weeks before we close it using the email address you gave us. If the account is closed it cannot be reopened, and you will have to create a new account next time.
Interest will be paid gross.
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.
The AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.
Please note: The information provided in the summary box is a summary of the key features of our Base Rate Tracker Notice Accounts. It should not be used as a substitute for our Terms and Conditions which can be found on our website.
*With correct notice
Use our calculator to find out how much interest you could earn and what your savings might be worth at the end of your term.**
If you need quick access to your savings without notice, our Easy Access Tracker account could be a better match for you. Or, if you’re looking for shorter or longer notice terms, why not open a 35, 90 or 120-day Notice account?
This account’s interest rate is linked to the Bank of England rate.
No paperwork, no phone calls — just a few taps to start saving.
Track your savings from the app or your online account and stay in control.
FSCS-protected up to £120,000. Your savings are in safe hands.
Before you get started, remember: with this account, you’ll need to give 95 days’ notice before withdrawing your funds.
Here’s how it works in 3 simple steps:
Complete a short application with a few personal details via our website or the OakNorth app.
Top up as often as you like or withdraw by giving the required notice first.
Your money starts working for you from day one. Sit back and watch your savings grow.
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.
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 notice account. You’ll also need to have a personal UK bank or building society to transfer funds into your account.
You can request to withdraw your savings through online banking or your mobile app. You can also get in touch about this or any other OakNorth Bank account by emailing us at OakNorth Savings or calling on 0330 3801 181.
You’re unable to access your funds without waiting the minimum notice period set out in the terms of your account.
Each notice request is individual and will be paid to your nominated account at the end of the notice period. This cannot be amended. For example on a 90 notice day account, if you decide that 15 days before the funds are due to be withdrawn you want to extend the period by another 10 days, you will have to submit a new request which will then be subject to the normal 90 day notice period.
Yes. Interest rates are variable and can be increased or decreased depending on the Bank of England base rate.
OakNorth Bank may also adjust the spread at any time at our sole discretion as outlined in the Interest Section of our Specific Terms and Conditions – Notice Tracker Accounts.
No, this account is only available for sole accounts currently.
You can transfer funds between your Notice account and your Notice Tracker account. Transfers will go through after the notice period has been completed. Read the specific Terms and Conditions of your account to learn more.
Your boost applies for the first 12 months from the date your account is opened. After that, your AER returns automatically to the standard variable Notice Tracker rate. There’s nothing you need to do – the change happens automatically.
No. The account continues to track the Bank of England base rate as normal. The boost is simply added for the first 12 months for eligible new customers. When the boost ends, your account continues earning interest at the standard variable rate.
**This calculator provides an illustrative estimate of how your savings could grow over time based on the information you enter. The estimate assumes that the interest rate does not change during the period, that any contributions are made on the [1st of the month] and no withdrawals are made. The estimate does not account for tax, fees, or future rate changes. Actual returns may vary depending on your account type, deposit amount, term, and tax status. This information does not constitute financial advice or a recommendation, and OakNorth Bank accepts no responsibility for any losses arising from reliance on these calculations.
