New to OakNorth? Your AER includes a 0.23% boost for the first 12 months from account opening.
New customers earn 4.23% AER (variable) during this period. After 12 months, the boost ends automatically and the AER returns to the non-boosted 4% (variable). Existing customers receive the non-boosted rate.
There’s nothing you need to do — the boost is applied automatically, then removed automatically. Your AER tracks the Bank of England base rate, plus or minus a variable spread.
A new customer is someone who has never held an OakNorth personal savings account. 18+ UK residents. Subject to eligibility and Terms & Conditions. Offer may be withdrawn at any time.
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.
Term
AER
Min. deposit
Withdrawals
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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For customers who are new to OakNorth only, an additional fixed boost of 0.23% AER for the first 12 months from the date the account is opened. Existing OakNorth customers will receive the variable interest rate without the boost.
| Product | Spread* vs Base rate (%) |
Interest rate without boost |
Interest rate with boost (includes a temporary increase of 0.23% AER for first 12 months) |
| 95 Days Notice Base Rate Tracker Deposit Account – Issue 96 |
0.25 | 4.00% AER/ 3.93% gross (variable) |
4.23% AER/ 4.15% gross (variable) |
The interest rate follows the Bank of England base rate plus a spread, as shown above. Spread is the percentage added to or subtracted from the Bank of England base rate.
Your account will start accruing interest once we’ve received and processed your first deposit. This usually happens the same business day, but no later than the next. Interest is calculated on the minimum daily balance and applied monthly.
If you withdraw funds, interest will be calculated on your total balance up to – but not including – the withdrawal date.
Boost interest
The 12-month boost is available to customers who are new to OakNorth only from the date the account is opened. A new customer is defined as someone who has never held an OakNorth personal savings account. After the 12-month boost period ends, the boost will be removed automatically and your interest rate will move to the standard Notice Tracker rate, which continues to follow the Bank of England base rate plus a spread.
Go to the Bank of England website to monitor the base rate.
You can find the interest rates for all issues of our accounts on our website.
Yes. Interest rates are variable and tracks the Bank of England base rate. If the Bank of England base rate changes, the new interest rate on your account will apply from the following business day that this takes effect.
We may adjust the spread at our discretion, as outlined in our Terms and Conditions.
If the spread increases your rate, we’ll email you as soon as we can and in any event within 30 calendar days of the change taking effect. If it decreases, we’ll notify you at least 14 days plus your notice period in advance.
The 0.23% AER boost is fixed for the 12-month boost period and will not change during that time. Once the boost period ends, it will be removed automatically. We’ll notify you at least 14 days in advance of the boost being removed.
With 12-month interest rate boost for new customers:
| Product | Initial deposit at account opening | Balance after 12 months | Balance after 24 months (12 months with boost and 12 months without boost) |
| 95 Days Notice Base Rate Tracker Deposit Account – Issue 96 |
£1,000.00 | £1,042.30 | £1,083.99 |
Without interest rate boost:
| Product | Initial deposit at account opening |
Balance after 12 months |
| 95 Days Notice Base Rate Tracker Deposit Account – Issue 96 |
£1,000.00 | £1,040.00 |
This example is for illustrative purposes only and are based on the current Bank of England base rate. It assumes no further deposits or withdrawals, that interest is accrued daily and applied monthly, that the rate doesn’t change and that any interest earned stays in the account.
In addition, the “with 12-month boost” example assumes the boost applies for the full 12 months before reducing to the standard rate.
It doesn’t take individual circumstances into account.
You must be a UK resident aged 18+ with a personal UK bank or building society account. Apply via our website or app.
Once approved, you’ll have 14 calendar days to make your first deposit. The minimum deposit required to open your account is £1. After the 14-day window, your account will be automatically closed if no funds have been added.
You can deposit up to £500,000 into a single account, and make multiple deposits at any time – up to the maximum balance allowed. However, the total amount you can hold with us across all your OakNorth accounts (excluding interest) is capped at £500,000 per person.
If the product is withdrawn, existing accounts will remain open, but no new applications will be accepted.
To manage your account, log in via the OakNorth web platform or app. Alternatively, you can contact us by email or phone.
Yes, but you must provide the required notice. Withdrawals can be requested via our web platform, app, email or phone.
There is no limit on the number of withdrawals. After requesting withdrawal, once the notice period has passed, funds will be credited to your linked account on that business day.
We may, at our discretion, allow access to funds without serving notice in cases of hardship, which would require suitable documentary evidence.
If your balance remains £0 for six months, we may close your account. You’ll be notified at least six weeks in advance.
Interest will be paid gross, with no tax deduction. This is based on current tax laws, which may change. The Annual Equivalent Rate (AER) shows the interest rate if paid and compounded annually.
This product includes a temporary introductory boost for new OakNorth customers. After the boost period ends, the interest rate will reduce. This Summary Box highlights key product features. It’s not a substitute for our full Terms and Conditions.
*4.23% includes a fixed 0.23% boost for 12 months. Available to new customers only
**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.
