Notice Account

OakNorth Bank 120 Day Notice Account Review

A notice account from OakNorth Bank, needing 120 days' notice. It ranks 68th of 95 notice accounts we track.

Variable rate · 120 days' notice

3.25%AER

Then 2.25% after 12 months

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

No limit

Notice

120 Days

Interest paid

Monthly

The Rate You'll Get

First 12 months

Boosted
3.25%AER

Includes a 1.00% boost for 12 months

Standard rate (after 12 months)

2.25%AER

How It Stacks Up

Ranks 68th of 95

Notice accounts we track

Below average
This account 3.25%
UK CPI (Aug 2026)
3.10%
Pays 0.15% more
Average notice account
3.46%
Pays 0.21% less
Best notice account
4.40%
Pays 1.15% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare notice accounts

A Good Fit For

  • Pro: New and existing savers
  • Pro: Savers who want a monthly income

Worth Weighing Up

  • Con: You need to give 120 days' notice to withdraw
  • Con: Rate drops to 2.25% after 12 months
  • Con: The rate is variable, so it can go down

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Estimated returns with OakNorth Bank's Notice Account

What you could earn with OakNorth Bank's 120 Day Notice Account.

Estimated interest

£1,000 saved

£32.50

At 3.25% AER

£5,000 saved

£162

At 3.25% AER

£10,000 saved

£325

At 3.25% AER

£50,000 saved

£1,625

At 3.25% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on OakNorth Bank 120 Day Notice Account

Jonny PeaseCo-Founder, DepositScout

The 3.25% rate here includes a 1% boost for the first 12 months, after which it drops to a base rate of 2.25%, so the headline figure flatters the long-term picture. It sits below the notice account market average and 1.15% behind the category leader at 4.40%, which is a meaningful gap. At current CPI of 3.1% (Aug 2026), the boosted rate only edges ahead of inflation by 0.15%, and the base rate falls well short of it. Anyone comfortable with a shorter notice period might find Moneybox's 90 Day Notice at 4.00% a more straightforward deal.

Compare Notice Accounts

2 alternatives to OakNorth Bank's 120 Day Notice Account

Same type of account, closest on rate.

Common questions about the 120 Day Notice Account

D

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