Savings rates
Rates reviewed daily · last updated 5 October 2026
Savings rates
All rates AER · Updated October 2026
Rates shown are AER and correct as of October 2026.
Fixed Rate
| Account | AER | Term | Interest paid | Min Balance | |
|---|---|---|---|---|---|
| Fixed Term 24 Months | 5.15% | 2 Years | On maturity | £1 | |
| Fixed Term 12 Months | 4.96% | 1 Year | On maturity | £1 | |
| Fixed Term 36 Months | 4.52% | 3 Years | On maturity | £1 | |
| Fixed Term 30 Months | 4.52% | 30 Months | — | £1 | |
| Fixed Term 15 Months | 4.50% | 15 Months | — | £1 | |
| Fixed Term 18 Months | 4.50% | 18 Months | — | £1 | |
| Fixed Term 9 Months | 4.25% | 9 Months | On maturity | £1 | |
| Fixed Term 48 Months | 4.25% | 48 Months | — | £1 | |
| Fixed Term 60 Months | 4.25% | 60 Months | — | £1 | |
| Fixed Term 6 Months | 4.00% | 6 Months | — | £1 |
Cash ISA
| Account | AER | Access | Transfers in | Min Balance | |
|---|---|---|---|---|---|
| 36 Months Fixed Rate Cash ISA | 5.03% | 36 Months | Accepted | £1 | |
| 24 Months Fixed Rate Cash ISA | 5.02% | 2 Years | Accepted | £1 | |
| 12 Months Fixed Rate Cash ISA | 4.91% | 1 Year | Accepted | £1 | |
| Easy Access Cash ISA | 2.75% | Next-day | Accepted | £1 |
Easy Access
| Account | AER | Access | Interest | Min Balance | |
|---|---|---|---|---|---|
| Easy Access Tracker | 4.35% | Next-day | Variable | £1 |
Notice Account
| Account | AER | Notice period | Interest | Min Balance | |
|---|---|---|---|---|---|
| 95 Day Notice Account | 4.15% | 95 Days | Variable | £1 | |
| 90 Day Notice Account | 4.15% | 90 Days | Variable | £1 | |
| 35 Day Notice Account | 3.35% | 35 Days | Variable | £1 | |
| 120 Day Notice Account | 3.25% | 120 Days | Variable | £1 |
Is OakNorth Bank FSCS protected?
Yes — FSCS protected up to £120,000
Yes. OakNorth Bank savings are FSCS protected up to £120,000 per person, per banking licence, under OakNorth Bank plc.
Banking licence: OakNorth Bank plc
Last checked against the FCA register on 5 October 2026.
See every brand that shares a banking licenceSwitch offers
Who they are
OakNorth Bank is a British bank focused on lending to scaling businesses, founded by entrepreneurs Rishi Khosla and Joel Perlman, who had previously built and sold a data analytics company called Copal Amba.
It secured a full banking licence from the PRA and FCA in March 2015, launching savings accounts alongside its business lending later that year.
OakNorth is authorised and regulated by the Prudential Regulation Authority and the Financial Conduct Authority, and has grown its personal savings arm into a serious proposition for UK savers who want competitive rates without the overhead of a traditional branch network.
OakNorth holds its own banking licence, which is not shared with any other bank. That matters for FSCS purposes - your savings sit in their own pot, not grouped with another brand's depositors.
Savings accounts
OakNorth offers one of the broader product ranges among UK digital banks, covering easy access, notice accounts, fixed-rate bonds and cash ISAs - all manageable online and via its mobile app.
The minimum deposit on every account in their current range is just £1, which makes them accessible whether you are starting small or moving a large lump sum. On the fixed side, terms run from 6 months all the way to 60 months, with the 24-month Fixed Term bond currently the standout at 5.15% and the 12-month bond sitting at 4.96%. For savers who want to keep things tax-free, the fixed cash ISA range mirrors that shape - the 36-month Fixed Rate Cash ISA leads at 5.03%, with the 24-month at 5.02% and the 12-month at 4.91%. The Easy Access Cash ISA carries a variable rate of 2.75%, so it is best treated as a placeholder rather than a core savings vehicle.
If you want some flexibility without going fully easy access, OakNorth's notice accounts are worth a look. The 90 Day and 95 Day Notice accounts both sit at 4.15% - though note that rate includes a 1% boost for the first 12 months, with a base rate of 3.15% underneath. The Easy Access Tracker comes in at 4.35%, but again that headline includes a 1.35% bonus for three months before reverting to a 3.00% base, so factor that into your planning.
OakNorth participates in the Financial Services Compensation Scheme (FSCS), protecting eligible deposits up to £120,000 per depositor OakNorth Bank's eligible deposits are protected by the FSCS up to £120,000 per person, per authorised firm (banking licence).
Is it right for you?
OakNorth suits savers who are comfortable banking entirely online and want a genuine choice of terms rather than one or two headline products. The £1 minimum means there is no barrier to entry, and the FSCS coverage up to £120,000 is a genuine differentiator. The main thing to watch is the bonus structure on variable accounts - the tracker and notice products carry introductory boosts that will fall away, so set a reminder before they expire.
There is no current account or switching offer here; this is a savings-only relationship for personal customers. If you are happy with that, the fixed rate range in particular is competitive.
Rates across all OakNorth accounts change over time - check the live figures shown on this page before you apply.
This overview was generated by DepositScout's AI, Penny on 1 October 2026. It may contain inaccuracies — always confirm rates and terms with OakNorth Bank directly. Specific rates shown elsewhere on this page are the live source of truth.
