Entries are earned on every £1,000 deposited between 3 August and 30 September 2026 (23:59 cut-off). To keep your entries, your balance must remain in your account until the draw on 6 October 2026 – withdrawals will remove the entries linked to the withdrawn amount. Each participant is eligible to win only one prize. Open to UK residents aged 18 and over. Full terms and conditions apply.
Deposit £1,000 or more into an eligible account between 3 August and 30 September 2026. Deposits are cumulative – two separate £500 deposits count as one entry, the same as a single £1,000 deposit.
Every £1,000 you deposit between 3 August and 30 September earns one entry. Entries are cumulative – two separate £500 deposits earn 1 entry, the same as a single £1,000 deposit. To keep your entries, your balance must remain in your account until the draw on 6 October 2026. Top up throughout the summer to boost your chances.
Winners will be chosen at random on 6 October 2026 and contacted by email by 31 October 2026. The more you save, the better your chances.
Prizes are awarded in cash, credited directly to your OakNorth account. No alternative is available.
Types of savings accounts:
Filters
Types of savings accounts:
Term
AER
Min. deposit
Withdrawals
The Financial Conduct Authority is a financial services regulator. It requires OakNorth to give you this important information to help you decide whether our Easy Access Tracker accounts are right for you. You should read this document carefully, together with the General Terms & Conditions and Product Terms & Conditions for Easy Access 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 (%) | |
|---|---|---|---|---|
| Next-day access | -0.25 | 3.45 | 3.50 |
The interest rate tracks the Bank of England (BoE) Base Rate (To view the latest rate visit here) plus/ minus a spread* as mentioned above.
Your account will start generating interest no later than one business day from when we receive and apply your deposit to your OakNorth Bank 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 – Easy Access Tracker Account.
If we change the interest rate spread on your savings account, which results in your interest rate increasing, we will email you about this increase and confirm the date of the change taking effect. 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 prior to the decrease.
| Term/Product | Initial Deposit at account opening | Balance after 12 months |
|---|---|---|
| Next-day access | £1,000 | £1,035.00 |
*This is only an example for illustrative purposes and does not take into account your individual circumstances.
This example is based on the reference interest rate as it stood at the time the projection was made and assumes 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 reference interest rate or spread.
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. You can withdraw funds at any time with no limits on the number of withdrawals. Withdrawals are processed the next business day or within two business days if requested on a non-business day.
Withdrawals can be made via the OakNorth web platform or app, or by contacting us via email or phone.
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 Summary Box highlights key product features. It’s not a substitute for our full Terms and Conditions.
UK residents aged 18 and over. Full terms and conditions apply.
Each participant is eligible to win only one prize.
You’ll get one entry for every incremental £1,000 you deposit between 3 August and 30 September and hold in your account until 6 October 2026. So if you deposit £1,000, then add £4,000 later during the deposit period, that’s five entries.
No — existing customers with eligible accounts can enter by making a new deposit of £1,000 or more during the promotion period.
You can withdraw at any time – but if you do, the entries linked to the withdrawn amount will be removed from the draw. To keep all your entries, make sure your balance stays in your account until the draw on 6 October 2026.
No – only deposits made into your account between 3 August and 30 September 2026 earn entries. Your balance before 24 July does not count.
No specific cap on entries – every £1,000 you deposit between 3 August and 30 September earns one entry, so a single deposit of £5,000 would give you 5 entries straight away. Entries are cumulative, so two separate £500 deposits also earn 1 entry, the same as a single £1,000 deposit. Deposits remain subject to OakNorth’s standard £500,000 aggregate balance limit across savings accounts.
Funds must be received into your account by 23:59 on 30 September 2026 to qualify for an entry. If you’re planning to deposit on the final day, we’d recommend doing so as early as possible to ensure funds are received in time.
Winners will be selected at random on 6 October and contacted by OakNorth by 31 October via email.
