Fixed Rate

OakNorth Bank Fixed Term 60 Months Review

A five-year fixed rate bond from OakNorth Bank. It ranks 32nd of 38 five-year fixed rate bonds we track.

Fixed rate · 5 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 32nd of 38

5-year fixed bonds we track

Below average
This account 4.25%
UK CPI (Aug 2026)
3.10%
Pays 1.15% more
Average 5-year fixed
4.74%
Pays 0.49% less
Best 5-year fixed
5.35%
Pays 1.10% less

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

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Worth Weighing Up

  • Con: Your money is locked in for 5 years

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Estimated returns with OakNorth Bank's Fixed Rate

What you could earn with OakNorth Bank's Fixed Term 60 Months.

Estimated interest

£1,000 saved

£231

At 4.25% AER

£5,000 saved

£1,157

At 4.25% AER

£10,000 saved

£2,313

At 4.25% AER

£50,000 saved

£11,567

At 4.25% AER

Estimated over the 60-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 60 Months

Jan WatermannCo-Founder, DepositScout

OakNorth Bank's Fixed Term 60 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%, so it is hard to recommend on rate alone. It does beat CPI inflation of 3.1% (Aug 2026) by 1.15%, which at least preserves real value over the five-year term. The obvious catch is that your money is completely locked away until maturity with no access. If you want a five-year fix, Chetwood Bank's 5 Year Fixed Rate Savings at 5.20% is worth a look first.

Compare Fixed Rate Bonds

2 alternatives to OakNorth Bank's Fixed Term 60 Months

Same type of account, closest on rate.

Common questions about the Fixed Term 60 Months

D

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