Oxbury Bank savings rates — compare every account, plus switch offers and guides

Who they are

Oxbury Bank was founded by bankers, farmers, agricultural businesses and technologists to become the UK's only bank 100% dedicated to serving the rural economy. It is the first agricultural bank to be founded in the UK since the 1920s, and has been a fully regulated bank since February 2021. It is based in Chester.

The model is a neat one for savers: every pound saved with Oxbury goes to help farmers and the wider market produce food, preserve the countryside, and deliver a positive impact to the rural economy. Accounts are managed online and through the Oxbury app - there are no branches, so this one suits people who are comfortable doing everything digitally.

Savings accounts

Oxbury's range covers most bases. All accounts shown here require a minimum of £1,000 to open, and all carry FSCS protection up to £120,000 per person - which neatly matches the maximum deposit the bank accepts.

On the easy access side, the Summer Account currently pays 4.33% AER (variable). It offers instant access and has no bonus rate attached to the headline figure, though it is worth checking whether this account is still open, as these seasonal products can be pulled quickly.

If you can give a little notice, the notice account range runs from 35 days at 4.16% AER up to 120 days at 4.19% AER - modest steps up for each extra day you commit to. All are variable rate.

For savers who want to lock a rate in, Oxbury's fixed-rate bonds are where the range gets more interesting. Terms run from 3 months at 4.31% AER through to 5 years at 4.88% AER. No access is permitted until maturity on any of the fixed bonds, so only lock away money you genuinely will not need.

Is it right for you?

Oxbury suits savers who want a proper UK bank - with full FSCS cover and no shared banking licence to worry about - and who like the idea of their deposits backing British agriculture rather than sitting in a high-street giant. The notice and fixed-bond range is competitive, and the minimum deposit of £1,000 keeps things accessible for most.

The app-only model is the main thing to weigh up. If you prefer phone banking or a branch, Oxbury is not your bank. There are also no cash ISA products in the current range, so if sheltering interest from tax is your priority you will need to look elsewhere.

As ever, all the rates above are variable or time-limited and will move. Check the live figures on this page before you apply - that is always the most accurate picture of what Oxbury is currently offering.