Saving

Applications for all accounts need to be made online.

Business Savings

Earn great returns for your business.

We offer a range of savings accounts with competitive rates designed to ensure your business is able to make the most out of its money.


Business Fixed Term Deposit

  • 0.10% to 1.20% AER/gross depending on the term
  • Choose from 3, 6 or 12 month terms
  • Deposit from £10,000 up to £250,000
  • No additional deposits or withdrawals permitted
  • Interest paid on maturity

Personal Savings

Your savings with OakNorth go towards supporting the UK’s small and mid-sized growth businesses, which are the cornerstone of this great economy. By saving with us, you’re not just earning great returns on your deposits, you’re also helping UK businesses achieve their growth ambitions.


Personal Fixed Term Deposit

  • 1.42% to 2.07% AER/gross depending on the term
  • Choose from 12 to 60 month terms
  • No additional deposits or withdrawals permitted
  • Account for Individuals only. Joint accounts not available
  • Interest paid on maturity

Personal Lottery Fixed Term Deposit

  • 0.70% AER/gross
  • 9 Month Fixed Term Deposit
  • Deposit from £1,000 up to £250,000
  • Account for Individuals only. Joint accounts not available
  • Interest paid on maturity

Personal Easy Access Deposit

  • 0.75% AER/gross (variable)
  • Unlimited deposits and withdrawals
  • Deposit from £1,000 up to £250,000
  • Account for Individuals only. Joint accounts not available
  • Interest paid monthly

Personal Notice Deposit

  • 0.90% AER/gross (variable)
  • 90 day notice period for withdrawals
  • Deposit from £1,000 up to £250,000
  • Account for Individuals only. Joint accounts not available
  • Interest paid monthly

Frequently Asked Questions

  • Do you offer joint accounts?
    No. We currently only offer Personal Savings accounts for individuals.
  • Do you offer accounts for businesses, corporates, charities, or other types of organisation?
    Yes, we offer Fixed Term Business Savings accounts for UK Limited Companies and UK Limited Liability Partnerships.
  • Can I apply for an account over the phone, by post or in a branch?
    No. We only accept applications online through our website.
  • What happens after I apply?
    Once you have submitted your application:
    • If your application is successful, you will receive an email with the bank details you need to fund your new account.
    • If we need additional information from you to complete your application, you will be provided with details of what you need to send to us.
    • If your application is unsuccessful, you will be advised that we are unable to open an account for you at this time.
  • Do you offer online access to my account?
    Yes. Once your account is funded, you will receive an email asking you to register for an online account where you can view and manage all your active OakNorth accounts.

Your Savings, Protected

Your eligible deposits with OakNorth Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

Please click the FSCS leaflet for further information or visit www.fscs.org.uk

For further information in regards to eligible deposits, please download our Exclusions and Information sheet.

FSCS