Home / Personal Savings / Personal Easy Access Cash ISAs

Can OakNorth change the interest rate?

Yes. Interest rates are variable and can be increased or reduced at any time at our sole discretion, as outlined in our Terms and Conditions.
lf we announce an increase to your interest rate on our website, the change will be effective from the 1st day of the subsequent month. We will notify you personally of the increase within 30 days of the announcement. If we decrease your interest rate, we will notify you at least 30 calendar days prior to the decrease.

What would the estimated balance be after 12 months based on a £1,000 deposit?


Initial deposit at account opening Balance after 12 months

Easy Access Cash ISA



This is only an example for illustrative purposes and does not take into account your individual circumstances. 

This example assumes that no further deposits or withdrawals are made, that the account remains open during the selected term, that any interest earned stays in the account, and that there is no change to the interest rate.

The term of the account and thus interest accrual will start on the business day that we receive your first funding.

Interest is calculated on the closing daily balance and applied to the account on the first day of every subsequent month. Any subsequent funding will add to the total balance, and interest will be calculated on the daily closing balance.

How do I open and manage my account?

Our accounts are only available to individuals (we do not offer joint accounts), aged 18 or over, who are ordinarily resident in the UK (i.e. England, Wales, Northern Ireland and Scotland) for tax purposes and have a permanent UK address. Also, you must have a personal UK bank or building society account that allows transfers to be made to and from it.

Applications to open an account must be completed online.

The maximum deposit for this account is the current tax year allowance for ISAs. In addition or alternatively, you may transfer existing Cash ISAs from other providers into this account, up to the amount held. These limits are subject to HM Revenue & Customs rules.

Upon account approval, you will have 30 calendar days to fund your account via new deposit and/or Cash ISA transfer before your account will expire and be closed. After this 30-day period, there is no limitation on the number of new deposits made into your account, which can continue to receive deposits up to the current ISA tax year allowance.

You have the right to cancel the account within 14 days from account approval. If you are transferring in a Cash ISA and choose to exercise your right to cancel, the funds excluding any interest accrued will be sent back to the original provider.

Once you activate online banking, your account can be managed via the 'My Account' section of our website.

If for any reason you need to contact us, this can be done by email, by phone or by writing to us. Please refer to our website for our contact details.

Can I withdraw money?

Yes. You can withdraw funds from your Easy Access Cash ISA via online banking by going to the ‘My Account’ section of our website. Alternatively, you may email us at or call us at 0330 380 1181 to withdraw funds.

There is no term for an Easy Access Cash ISA and no limitation on the number of withdrawals. Your money can be returned to your nominated account or transferred to another ISA provider without loss of interest. Please note, if you would like to transfer your ISA out, you will need to contact your new ISA provider and instruct them to request a transfer from us.

There is a minimum withdrawal amount of £1,000, or the balance amount if the account balance is less than £1,000.

We retain the right to pay a reduced rate of interest during any period when the account balance is below the minimum amount permitted for the product.

This is not a flexible Cash ISA, so any money withdrawn cannot be replaced and counted towards your current ISA tax year allowance.

Additional information

Interest is tax-free, and doesn’t count towards your Personal Savings Allowance. 

The AER (Annual Equivalent Rate) illustrates the annual interest rate as calculated over the original principal and any interest accrued during the year, or the term of the deposit, whichever is shorter.

We may stop offering the above product to new customers in the future.

Please note: The information provided in the summary box, is a summary of the key features of Easy Access Cash ISAs. It should not be used as a substitute for our terms and conditions which can be found on our website.

Can I split my Cash ISA allowance between accounts?

Yes. You can split your Cash ISA allowance between our Fixed Rate Cash ISAs and Easy Access Cash ISAs. This will be classified as one Cash ISA for the purposes of tax-free allowances and HMRC reporting. This is subject to HMRC ISA Guidelines, and provided that your annual allowance is not exceeded across all Cash ISA products. We are one of only a few providers in the UK who allow this split.

Do you accept transfers in/out of this account?

Yes. You can transfer existing Cash ISAs that you hold with other providers into your OakNorth Cash ISA with a minimum transfer amount of £1,000. We will contact your existing Cash ISA provider and arrange the transfer on your behalf. As per HMRC and industry guidelines:

  • Transfers may take up to 15 days

  • If you hold a Cash ISA with another provider from the current tax year, you will have to transfer your entire balance including interest to your OakNorth Cash ISA as part of your application

  • If you would like to transfer in your Cash ISAs from previous years, you can transfer all or part of your balance to your OakNorth Cash ISA. These funds will not count towards your ISA allowance for the current tax year. 

You can transfer your OakNorth Cash ISA to another provider at any time.