OakNorth Bank plc

United KingdomUnited Kingdom(AA)

Deposit amount: Min. £1,000 – Max. £85,000

Protection limit: Up to £85,000 payout in GBP

logo of OakNorth Bank plc

Top offer from this bank

4.40% AER

Notice period:
90 days

Account information

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Rate
Notice period
Deposit Guarantee
Product Type

Rate

3.60% AER

Duration

Easy access

Deposit Guarantee

£85,000

Deposit Guarantee logo

Product Type

Easy access

Product Type

Easy access

Rate

4.20% AER

Notice period

120 days

Deposit Guarantee

£85,000

Deposit Guarantee logo

Product Type

Notice

Product Type

Notice

Rate

4.40% AER

Notice period

90 days

Deposit Guarantee

£85,000

Deposit Guarantee logo

Product Type

Notice

Product Type

Notice

Top offer from this bank

4.40% AER

Notice period:
90 days

Bank Details

OakNorth Bank is the UK bank powered by OakNorth, the next-generation credit platform. The bank obtained its license in March 2015 and offers a range of products to individuals (savings accounts and mortgages) and small and medium-sizes businesses (savings accounts and loans from £0.5m to £45m). To date, the bank has lent almost £4bn to small and medium-sized businesses, directly helping with the creation of tens of thousands of new homes and jobs across the UK. Its UK-based customer services team have helped the bank achieve a Feefo rating of 4.5-stars and win numerous awards for its savings products.

Security & Deposit Protection

The FSCS is the United Kingdom’s statutory deposit guarantee scheme. If an FSCS-protected bank fails or is unable to meet its financial obligations, the FSCS can provide compensation for eligible customer deposits up to a limit of £85,000 per person, per bank. The FSCS’ £85,000 protection limit applies to all deposits held with a bank (including current and savings accounts), as well as any deposits held with intermediaries of the same bank (for example, where a bank operates multiple banks under different trading names). Read our dedicated FAQ page to learn more about the FSCS.

Who is Raisin?

We are the UK savings marketplace for Raisin, one of Europe’s most successful technology-led financial services companies. We connect you with a range of banks and building societies offering deposit-protected savings accounts with competitive interest rates, making it easier for you to grow your money. Using our savings marketplace is simple. By registering for a Raisin UK Account, you'll only ever need to fill in one application form. Then you can browse, apply for and fund a range of savings accounts, and manage everything under one roof. No paperwork or endless passwords to remember - just a free, easy way to grow your savings.