Grow your savings with a more flexible option

Interest is calculated on the minimum daily balance from the business day your funds are received and applied to the account on the first day of every subsequent month. If a withdrawal request has been made, interest will be calculated on the total amount until, but not including the day of the withdrawal.

Yes. Interest rates are variable and can be increased or reduced at any time at our sole discretion, as outlined in clause 4 of our Terms and Conditions.

lf we increase your interest rate, we will notify you within 30 calendar days of the increaseThe change will take effect on the 1st day of the next calendar month (in certain cases, with immediate effect). If we decrease your interest rate, we will notify you at least 14 calendar days prior to the decrease.

*This is only an example for illustrative purposes and does not take into account your individual circumstances.

This example assumes that no further deposits or withdrawals are made, that the interest is accrued daily and applied to the account monthly, that any interest earned stays in the account, and that there is no change to the interest rate.

The account is available to individuals, aged 18 or over, who are ordinarily resident in the UK (i.e. England, Wales, Northern Ireland and Scotland) and have a UK residential 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 through our website here or via the OakNorth mobile banking app. Please note, in case of transfers from another ISA provider, the applications must be completed through our website.

The minimum amount required for the account to remain open is £1. The maximum deposit for this account is the current tax year allowance for ISAs set by HM Revenue & Customs. In addition, or alternatively, you may transfer existing Cash ISAs from other providers into this account. We’re only able to accept electronic Cash ISA transfers from the ISA providers listed in our online application. These limits are subject to HM Revenue & Customs rules.

There is no limit on the number of deposits made into your account up to the current ISA tax year allowance. You can transfer Cash ISA balances from the current tax year as well as previous tax years. Please note: If you have already contributed to your Cash ISA in the current tax year and would like to transfer from the current tax year’s allowance, you must transfer the full amount. The maximum amount (excluding interest) that you may hold on deposit with us across all types of accounts is £500,000.

Once you activate online banking, your account can be managed by logging into the OakNorth mobile app or the ‘My Account’ section of our website. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.

Yes. There is no term for an Easy Access Cash ISA and no limitation on the number of withdrawals.

There is a minimum withdrawal amount of £1. No notice of withdrawal is required, and withdrawal requests can be made at any time. The funds will be credited back into your nominated account the next business day, or within 2 business days if the request is received on a non-business day such as a Saturday, Sunday, or a Bank holiday.

You can withdraw funds (partial or full) from your Easy Access Cash ISA via online banking by logging into the OakNorth mobile banking app or through the ‘My Account’ section of our website.

Your money can be returned to your nominated account or transferred to another ISA provider. Please note, if you would like to transfer your ISA out, you will need to contact your new ISA provider and instruct them to request a transfer from us.

If after withdrawing funds, the balance goes to £0, and remains £0 for a period of 6 months, the account will be closed. The closed account cannot be reopened, and you will have to create a new account.

This is not a flexible Cash ISA, so any money withdrawn cannot be replaced.

Interest is tax-free, and doesn’t count towards your Personal Savings Allowance.

The AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.

The treatment of your account for tax purposes will depend on your individual circumstances. All tax information is based on our understanding of current law and HM Revenue & Customs practices, both of which may change. For more information visit: www.hmrc.gov.uk

Please note: The information provided in the Summary Box, is a summary of the key features of our Easy Access Cash ISAs. It should not be used as a substitute for our Terms and Conditions which can be found on our website.