Easy access
OakNorth Bank savings accounts review
OakNorth offers a broad range of savings accounts with interest rates up to 4.55%.
No reviews yet.
Write a review
OakNorth Bank was founded by two entrepreneurs, Rishi Khosla and Joel Perman, and gained regulatory approval in 2015. The bank offers a range of savings accounts for both individuals and businesses.
OakNorth's top savings rate of 8% is available on one of its easy access accounts.
Easy access savings accounts
Table: sorted by interest rate
OakNorth's top easy access rate of 8% is the best currently on the market.
2 of 2 results
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseCash ISAs
Table: sorted by interest rate
OakNorth's best cash ISA rate of 4.55% is very slightly lower than today's market-best rate of 4.65%.
4 of 4 results
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseFixed-rate bonds
Table: sorted by interest rate
OakNorth's best fixed-rate bond rate of 4.55% is very slightly lower than today's market-best rate of 4.75%.
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseNotice savings accounts
Table: sorted by interest rate
5 of 7 results
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseRegular savings accounts
Table: sorted by interest rate
OakNorth's top regular savings account rate of 7.5% is the best currently on the market.
0 of 0 results
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseBusiness savings accounts
Table: sorted by interest rate
OakNorth's best business savings account rate of 4.55% is very slightly lower than today's market-best rate of 4.68%.
3 of 3 results
Compare other products
We currently don't have that product, but here are others to consider:
How we picked these
Be first to know about new deals
Sign up to receive the latest deals, tips and a chance to win £400! (T&Cs)
Error placeholder Click here to sign in
What is OakNorth's best savings account with the highest interest rate?
The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.
Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts OakNorth offers, plus the highest interest rate currently available.
| Savings account types include | Easy access, cash ISAs, fixed-rate bonds, notice accounts, regular savers, business |
|---|---|
| Best easy access rate | 8% |
| Best cash ISA rate | 4.55% |
| Best fixed-rate bond rate | 4.55% |
| Best notice account rate | 4.3% |
| Best regular saver rate | 7.5% |
| Best business savings account rate | 4.55% |
| Fixed bond terms | 6 months - 5 years |
| Notice account periods available | 14 days - 180 days |
| Opening options | Website, mobile app, telephone |
| FSCS protection |
How to open an OakNorth savings account
You can open a personal savings account online or via the app, provided you are over 18 years old and a UK resident. Simply fill in the application form and provide a few personal details including your name, date of birth, address, email address and phone number as well as the details of the bank account you’re transferring funds from. You will also need your National Insurance number if you’re opening a cash ISA.
The business easy access savings account opens automatically when you apply for a business current account. To open a business current account, your company must have an annual turnover of more than £1 million or you must be able to deposit more than £100,000.
Your business must be registered in the UK with Companies House and you must be a director of a limited company, private unlimited company, limited liability partnership, public limited company or an overseas company. You will need to provide personal details including your name and date of birth as well as the residential address for all applicants. To open a business notice savings account, you’ll need to email joinbusinessbanking@oaknorth.co.uk – you can’t apply in-app.
What documents do I need to open an OakNorth account?
When you apply for a savings account with OakNorth Bank, your identity and address will be checked through electronic databases. However, you might also be asked to provide the following:
- A good quality photo or scan of a valid passport or valid UK driving licence, sent via email
- A good quality photo, scan or downloaded PDF of a valid proof of address document such as a utility bill, bank statement, council tax statement or HMRC notification, sent via email
Alternatively, you can send original or certified copies by post.
Is OakNorth Bank safe?
Yes, OakNorth Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and PRA. All eligible deposits are protected up to a total of £120,000 by the Financial Services Compensation Scheme (FSCS).
Pros and cons
Pros
- Flexibility. OakNorth Bank offers a range of savings accounts, whether you're looking for easy access or long-term gains.
- FSCS protection. Money in accounts will be protected up to £120,000 per person.
- Low deposit requirement. Personal savings accounts can be opened with just £1.
Cons
- Better rates elsewhere? OakNorth Bank offers competitive rates for its personal accounts, but its business account rates are pretty poor.
- No branches. You will need to open your account online or via the app.
Our verdict: Is a savings account from OakNorth Bank worth it?
OakNorth Bank offers a huge variety of both personal and business savings accounts and, unlike many of its competitors, you can choose from a wide range of terms for its fixed rate bonds. The interest rates on its personal savings accounts are competitive too, making it a very attractive option. But remember that OakNorth Bank does not have any branches so you’ll need to be happy banking digitally.
Frequently asked questions
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.
Sources
FREE interest rate alerts
Sign up to receive the latest deals, expert tips, and a chance to win £400! (T&Cs)
Error placeholder Click here to sign in
More resources on Finder
More guides on Finder
-
Revolut savings review
Revolut now offers savings accounts to its customers, known as Savings Vaults. You can get interest of paid daily, but the rate depends on which level of account you have. Find out whether Savings Vaults are a good option for your spare cash.
-
Working from home statistics: How many people work from home?
Our research found that 41% of Brits work from home at least some of the time. We look at who is working from home and how commuting costs may impact working patterns.
-
What is the average savings interest rate in the UK?
High inflation could be making your savings accounts lose value in “real terms”. We look at historical savings versus inflation rates.
-
Savings statistics: Average UK savings in 2026
Our 2026 savings statistics show the average savings amount in the UK is £19,214 but 2 in 5 Brits (39%) have £1,000 or less.
-
Chase Saver account review
Discover more about the Chase Saver account, including how the boosted rate works and whether it’s worth it.
-
Best Virgin Money savings account rates compared
Thinking about getting a savings account with Virgin Money? We look at the options, from cash ISAs to regular savings accounts, plus pros and cons.
-
TSB savings accounts
TSB offers a range of different savings accounts. For anyone looking to save with the bank, take a look at our detailed guide.
-
Halifax savings rates review, from savings accounts to ISAs
Whatever you’re saving for, find the right Halifax savings account for you. Our detailed guide walks you through which of Halifax’s savings accounts is for you.
-
Santander savings accounts
Our guide to Santander’s savings accounts. From ISAs to regular savings, from fixed-term to junior saving accounts, Santander might have the option for you.
-
Best Post Office savings account rates evaluated
Read about the Post Office and the savings accounts they offer. Find out more about the services Post Office Money provide, and see if they are right for you.