Oxbury Bank

Who they are

Oxbury was founded by bankers, farmers, agricultural businesses and technologists to become the UK's only bank dedicated to serving the rural economy.

It launched as a fully regulated bank in February 2021 and is based in Chester. The premise is straightforward: 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. That gives it a clear identity that sets it apart from high-street names. By 2023, the business had become one of the UK's fastest-ever fintechs to reach profitability, just two years from launch. Accounts are managed through Oxbury's app and online banking - there are no branches.

Savings accounts

Oxbury's current savings range covers easy access, notice, and fixed-rate options, all with a £1,000 minimum deposit. The Easy Access Autumn Account pays 4.30% variable, which is a clean, no-bonus rate - useful if you want flexibility without a rate that falls off a cliff after 12 months. For those who can wait a little, the 35 Day Notice Account pays 4.16% and the 90 Day Notice Account pays 4.18%, both variable. If you can lock money away, the fixed-rate bonds are worth a look: the 3 Year Bond pays 4.88% and the 5 Year Bond pays 5.34%, both fixed for the full term with no access until maturity.

All accounts carry the same £1,000 minimum, and all are protected up to £120,000 by the FSCS - which neatly matches the deposit cap on Oxbury's accounts. Oxbury Bank's eligible deposits are protected by the FSCS up to £120,000 per person, per authorised firm (banking licence). There are no switch bonuses currently on offer.

Is it right for you?

Oxbury suits savers who want a genuine rate without a bonus period to track, or who are comfortable locking money away for a higher fixed return. The 5 Year Bond at 5.34% is particularly competitive if you are confident you won't need the money before maturity. The easy access and notice accounts are app-only, so if you prefer branch or phone banking, this won't be the right fit. There are also no joint accounts currently available on the notice products.

Rates are variable on the notice and easy access accounts and can move at any time, so it's worth checking the live figures on this page before you apply - that's always the most up-to-date picture.