Fixed Rate

OakNorth Bank Fixed Term 6 Months Review

A six-month fixed rate bond from OakNorth Bank. It ranks 11th of 15 six-month fixed rate bonds we track.

Fixed rate · 6 months

4.00%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 11th of 15

6-month fixed bonds we track

Just below average
This account 4.00%
UK CPI (Aug 2026)
3.10%
Pays 0.90% more
Average 6-month fixed
4.07%
Pays 0.07% less
Best 6-month fixed
4.60%
Pays 0.60% less

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

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Worth Weighing Up

  • Con: Your money is locked in for 6 months

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Estimated returns with OakNorth Bank's Fixed Rate

What you could earn with OakNorth Bank's Fixed Term 6 Months.

Estimated interest

£1,000 saved

£19.80

At 4% AER

£5,000 saved

£99.02

At 4% AER

£10,000 saved

£198

At 4% AER

£50,000 saved

£990

At 4% AER

Estimated over the 6-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 6 Months

Jonny PeaseCo-Founder, DepositScout

OakNorth Bank's six-month fixed bond pays 4.00%, which sits below the market average for fixed-rate accounts and 1.35% behind the category leader at 5.35%. It does beat August 2026 CPI of 3.1% by 0.90%, so your money holds real value, but the rate is hard to justify when alternatives exist. Atom Bank's 6 Month Fixed Saver pays 4.55% and GB Bank's equivalent pays 4.52% for the same term. The one universal catch with any fixed bond applies here too: no access until maturity, so only commit money you can genuinely set aside for six months.

Compare Fixed Rate Bonds

2 alternatives to OakNorth Bank's Fixed Term 6 Months

Same type of account, closest on rate.

Common questions about the Fixed Term 6 Months

D

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