Fixed Rate

OakNorth Bank Fixed Term 48 Months Review

A four-year fixed rate bond from OakNorth Bank. It ranks 6th of 7 four-year fixed rate bonds we track.

Fixed rate · 4 years

4.25%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

No limit

Access

At maturity only

How It Stacks Up

Ranks 6th of 7

4-year fixed bonds we track

Below average
This account 4.25%
UK CPI (Aug 2026)
3.10%
Pays 1.15% more
Average 4-year fixed
4.64%
Pays 0.39% less
Best 4-year fixed
5.17%
Pays 0.92% less

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

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Worth Weighing Up

  • Con: Your money is locked in for 4 years

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Estimated returns with OakNorth Bank's Fixed Rate

What you could earn with OakNorth Bank's Fixed Term 48 Months.

Estimated interest

£1,000 saved

£181

At 4.25% AER

£5,000 saved

£906

At 4.25% AER

£10,000 saved

£1,811

At 4.25% AER

£50,000 saved

£9,057

At 4.25% AER

Estimated over the 48-month term, 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 Fixed Term 48 Months

Jonny PeaseCo-Founder, DepositScout

OakNorth Bank's Fixed Term 48 Months pays 4.25%, which is below the market average for fixed-rate accounts and sits 1.10% behind the category leader at 5.35%. It does beat CPI inflation of 3.1% by 1.15%, so your money grows in real terms, but savers willing to lock up for four years can do better elsewhere - Aldermore's 4 Year Fixed Rate Savings Account is available at 5.17%. The real catch here is the standard fixed-bond one: no access until maturity, so you need to be certain you won't need the money for the full four years.

Compare Fixed Rate Bonds

2 alternatives to OakNorth Bank's Fixed Term 48 Months

Same type of account, closest on rate.

Common questions about the Fixed Term 48 Months

D

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