Choose from one of our other accounts below:
Term | Interest rate (%) | Gross rate (%) | AER (%) |
---|---|---|---|
6 months | 1.76 | 1.76 | 1.76 |
9 months | 1.86 | 1.86 | 1.86 |
12 months | 1.95 | 1.95 | 1.95 |
15 months | 2.05 | 2.05 | 2.05 |
18 months | 2.07 | 2.07 | 2.07 |
24 months | 2.28 | 2.28 | 2.28 |
30 months | 2.35 | 2.35 | 2.35 |
36 months | 2.37 | 2.37 | 2.37 |
48 months | 2.41 | 2.41 | 2.41 |
60 months | 2.43 | 2.43 | 2.43 |
Minimum Balance: £1,000
Maximum Balance: £250,000
Interest is calculated daily and paid gross in full on the maturity date of your account.
No. The interest rate is fixed during the term
*The estimated balance refers to the balance after maturity of the selected fixed term deposit
Term | Initial Deposit at account opening | Balance after maturity |
---|---|---|
6 Months | £1,000 | £1,008.82 |
9 Months | £1,000 | £1,013.96 |
12 Months | £1,000 | £1,019.50 |
15 Months | £1,000 | £1,025.62 |
18 Months | £1,000 | £1,031.24 |
24 Months | £1,000 | £1,046.12 |
30 Months | £1,000 | £1,059.62 |
36 Months | £1,000 | £1,072.80 |
48 Months | £1,000 | £1,099.94 |
60 Months | £1,000 | £1,127.55 |
These estimates assume that the account remains open for the duration of the stated term, and interest is accrued daily and applied to the account upon maturity.
These are only examples for illustrative purposes and do not take into account your individual circumstances.
Our accounts are available to individuals, 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 minimum deposit required to open your account is £1,000. The maximum deposit you may pay into any one account with us is £250,000.
The maximum amount that you may hold on deposit with us across all types of accounts is £250,000.
You can only fund your account with a single deposit payment when opening your account. We cannot accept additional deposits into the same account during the term of the deposit.
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.
No. This is a Fixed Term Deposit Account for a set period of time and our Fixed Term Deposit Accounts do not allow for funds to be withdrawn during the term of the deposit. We will contact you before the account matures to inform you of the options available for your maturing funds.
30 days before your account matures, you are sent an email asking if you want to:
If we do not hear from you before your account maturity date, the total amount including interest will be automatically transferred to a variable rate Easy Access Deposit Account with us. See our Easy Access Deposit account page for the current interest rate.
Interest will be accrued daily but only applied to your account upon maturity.
Gross rate interest is the interest payable without taking account of any tax payable.
The AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.
Please note: The information provided in the summary box, is a summary of the key features of our Fixed Term Deposit accounts. It should not be used as a substitute for terms and conditions which can be found on our website
Choose from one of our other accounts below:
Your eligible deposits with OakNorth 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. For further information in regards to eligible deposits, please view our Exclusions and Information sheet below.
For further information on fscs protection visit fscs.org.uk or view the leaflet below.
FSCS leaflet Exclusions and Information sheet