Best Short-Term Fix
Digital bank focused on competitive savings rates. Personal and business savings with FSCS protection. Fixed-term deposits from 1 month to 5 years.
OakNorth built its business lending to UK small and medium enterprises and funds that lending partly through retail savings deposits. Savers see a straightforward set of fixed-term and notice accounts.
Rates are consistently competitive, particularly on notice accounts, which occupy a useful middle ground between easy-access and a full fixed term.
Who it suits. Savers who can commit money for a defined period and want more than easy-access rates without locking it away for years. The notice account range is where OakNorth is most interesting.
Worth knowing. Notice accounts require exactly that — a notice period before withdrawal, typically 35 to 120 days. Plan around it, because there is usually no way to access money faster. Deposits are FSCS-protected under OakNorth's own banking licence.