*4.14% includes a 1.14% boost for 12 months. Available to new customers only
What is the interest rate?
Term/Product - Easy Access Tracker Account. Interest rate without boost
3.00% AER/2.96% gross (variable) Interest rate with boost
(includes a temporary increase of 1.14% AER for first 12 months) 4.14% AER/ 4.06% gross (variable)
For customers who are new to OakNorth only, an additional fixed boost of 1.14% AER for the first 12 months from the date the account is opened. Existing OakNorth customers will receive the variable interest rate without the boost.
The interest rate follows the Bank of England base rate plus a spread, as shown above. Spread is the percentage added to or subtracted from the Bank of England base rate.
Your account will start accruing interest once we’ve received and processed your first deposit. This usually happens the same business day, but no later than the next. Interest is calculated on the minimum daily balance and applied monthly.
If you withdraw funds, interest will be calculated on your total balance up to – but not including – the withdrawal date.
Boost interest
The 12-month boost is available to customers who are new to OakNorth only from the date the account is opened. A new customer is defined as someone who has never held an OakNorth personal savings account.
After the 12-month boost period ends, the boost will be removed automatically and your interest rate will move to the standard Easy Access Tracker rate, which continues to follow the Bank of England base rate plus a spread.
Go to the Bank of England website to monitor the base rate.
You can find the interest rates for all issues of our accounts on our website.
Can OakNorth change the interest rate?
Yes. Interest rates are variable and tracks the Bank of England base rate. If the Bank of England base rate changes, the new interest rate on your account will apply from the following business day that this takes effect.
We may adjust the spread at our discretion, as outlined in our Terms and Conditions.
If the spread increases your rate, we’ll email you as soon as we can and in any event within 30 calendar days of the change taking effect. If it decreases, we’ll notify you at least 14 days in advance.
The 1.14% AER boost is fixed for the 12-month boost period and will not change during that time. Once the boost period ends, it will be removed automatically. We’ll notify you at least 14 days in advance of the boost being removed.
What would be the estimated balance after 12 months based on £1,000 deposit?
With 12-month interest rate boost for new customers:
Product- Easy Access Tracker Account
Initial deposit at account opening - £1,000.00
Balance after 12 months - £1,041.40
Balance after 24 months (12 months with boost and 12 months without boost) - £1,072.64
Without interest rate boost:
Product- Easy Access Tracker Account
Initial deposit at account opening - £1,000.00
Balance after 12 months - £1,030.00
These examples are for illustrative purposes only and are based on the current Bank of England base rate. They assume no further deposits or withdrawals, that interest is accrued daily and applied monthly, that any interest earned stays in the account, and that the Bank of England base rate does not change.
In addition, the “with 12-month boost” example assumes the boost applies for the full 12 months before reducing to the above non-boosted tracker.
These examples don’t take individual circumstances into account.
How do I open and manage my account?
You must be a UK resident aged 18+ with a personal UK bank or building society account. Apply via our website or app.
Once approved, you’ll have 14 calendar days to make your first deposit. The minimum deposit required to open your account is £1. After the 14-day window, your account will be automatically closed if no funds have been added.
You can deposit up to £500,000 into a single account, and make multiple deposits at any time – up to the maximum balance allowed. However, the total amount you can hold with us across all your OakNorth accounts (excluding interest) is capped at £500,000 per person.
If the product is withdrawn, existing accounts will remain open, but no new applications will be accepted.
To manage your account, log in via the OakNorth web platform or app. Alternatively, you can contact us by email or phone.
Can I withdraw money?
Yes. You can withdraw funds at any time with no limits on the number of withdrawals. Withdrawals are processed the next business day or within two business days if requested on a non-business day.
Withdrawals can be made via the OakNorth web platform or app, or by contacting us via email or phone.
If your balance remains £0 for six months, we may close your account. You’ll be notified at least six weeks in advance.
Additional information
Interest will be paid gross, with no tax deduction. This is based on current tax laws, which may change. The Annual Equivalent Rate (AER) shows the interest rate if paid and compounded annually.
This product includes a temporary introductory boost for new OakNorth Easy Access Tracker Accounts. After the boost period ends, the interest rate will reduce.
This Summary Box highlights key product features. It’s not a substitute for our full Terms and Conditions.
**Withdrawal of funds
You can trigger a withdrawal from your savings account to your linked bank account via the web platform, app, email or phone – our contact details are on our website. 2.1 We impose some restrictions on your withdrawals. a) You can only withdraw up to your savings account balance. If you try to withdraw more than this, we will reject your request. b) We may impose limits on the maximum withdrawal you can make. If this does apply, we will notify you at least 30 days before this change takes effect. If we receive your withdrawal request on a business day, the money will be sent back to your linked bank account on the following business day. If we receive your request on a non-business day, the money will be sent back to your linked bank account within 2 business days.
Raisin UK - Easy Access Account
3.91 % AER / 3.84 % Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Interest is calculated daily, compounded monthly and paid gross without prior deduction of tax.
Can Atom Bank PLC change the interest rate?
The interest rate applicable to your deposit is variable. Should the bank set a date to lower the interest rate, you will be given a minimum of 14 days’ notice. You may receive less notice if the rate increases. Please review the Raisin Trust Terms and Conditions for more information.
What would the estimated balance be after 12 months based on a £100 deposit?
The estimated balance after 12 months on a deposit of £100 is £103.91. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Atom Bank PLC are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can open and operate this account with is £100.
You can top up your account with the minimum amount of £100 per transaction and the maximum balance you can have is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
Yes. There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £100 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £100. To withdraw below your minimum balance you may close your account at any time by requesting closure from within Raisin UK.
If a closure request is received on a non business day (either weekend or public Holiday), the request will be initiated on the next business day.
Once closure has been requested it can’t be revoked.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Atom Bank PLC by RPL on the next business day after arriving in the RPL account.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Raisin UK - Easy Access Account
3.82 % AER / 3.75 % Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Accrued interest is calculated daily, compounded monthly and paid gross without prior deduction of tax. Interest is credited monthly on the last day of each month.
What would the estimated balance be after 12 months based on a £5,000 deposit?
The estimated balance after 12 months on a deposit of £5,000 is £5,191.05. This projection is for illustrative purposes only and does not take into account individual circumstances.
Can Aldermore Bank Plc change the interest rate?
The interest rate applicable to your deposit is variable.
Should the bank set a date to lower the interest rate, you will be given a minimum of 14 days' notice. You may receive less if the rate increases.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Aldermore Bank Plc are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can open and operate this account with is £5,000.
You can top up your account with the minimum amount of £500 per transaction and the maximum balance you can have is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Aldermore Bank Plc by RPL on the next business day after arriving in the RPL account.
There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £500 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £5,000. To withdraw below your minimum balance you may close your account at any time by requesting closure from within your customer portal.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Aldermore Bank Plc by RPL on the next business day after arriving in the RPL account.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Raisin UK - Easy Access Account
3.72% Gross / 3.78% AER. Interest is calculated daily on the full closing balance of the Account, credited and compounded monthly, and paid on termination of the savings product.
If you make a withdrawal request, interest will be calculated on the total amount in the Account up to, but not including the day of the withdrawal.
Can Investec change the interest rate?
The interest rate applicable to your deposit is variable.
Should the bank set a date to lower the interest rate, you will be given a minimum of 14 days' notice. You may receive less if the rate increases.
What would the estimated balance be after 12 months based on a £1,000 deposit?
At current interest rates:
A deposit of £1,000.00 would earn £37.84 after 12 months, for a final balance of £1,037.84.
These are illustrative examples that assume you make the full deposit when opening the account and do not make any withdrawals in the following 12 months. These examples are not based on your individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Investec are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can open and operate this account with is £1,000.
You can top up your account with the minimum amount of £500 per transaction and the maximum balance you can have is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Investec by RPL on the next business day after arriving in the RPL account.
There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £500 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £1,000. To withdraw below your minimum balance you may close your account at any time by requesting closure from within your customer portal.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Investec by RPL on the next business day after arriving in the RPL account.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Raisin UK - Easy Access Account
3.75% AER / 3.69% Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Accrued interest is calculated daily, compounded monthly and paid gross without prior deduction of tax.
Interest is credited monthly on the last day of each month.
Can LHV Bank Limited change the interest rate?
The interest rate applicable to your deposit is variable.
Should the bank set a date to lower the interest rate, you will be given a minimum of 14 days' notice. You may receive less if the rate increases.
What would the estimated balance be after 12 months based on a £1,000 deposit?
The estimated balance after 12 months on a deposit of £1,000 is £1,037.53. This projection is for illustrative purposes only and does not take into account individual circumstances
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at LHV Bank Limited are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can open and operate this account with is £1,000.
You can top up your account with the minimum amount of £500 per transaction and the maximum balance you can have is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to LHV Bank Limited by RPL on the next business day after arriving in the RPL account.
There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £500 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £1,000. To withdraw below your minimum balance you may close your account at any time by requesting closure from within your customer portal.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to LHV Bank Limited by RPL on the next business day after arriving in the RPL account.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Raisin UK - Easy Access Account
3.09% AER / 3.05% Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Gross is the rate of interest payable before income tax is deducted. Interest is calculated daily and is paid into the Easy Access Account on the last day of each month, or upon closure of the Easy Access Account.
Interest will be paid gross without prior deduction of tax.
Can Monument Bank change the interest rate?
The interest rate applicable to this Easy Access Account is variable and may change from time to time at Monument’s discretion.
If Monument increases the interest rate, the new interest rate will apply immediately, and you will be notified as soon as possible.
If Monument decreases the interest rate, you will receive at least 14 days’ notice before the new interest rate will apply.
Please see the Raisin Trust Terms and Conditions for more information.
What would the estimated balance be after 12 months based on a £1,000 deposit?
The estimated balance after 12 months on a deposit of £1,000 at an interest rate of 3.56% Gross (variable) is £1036.19.
For the purposes of this calculation we assume that:
You make a deposit of £1,000 on the Easy Access Account opening date
You make no further deposits or withdrawals
The interest is paid into the Easy Access Account
The interest rate remains the same for 12 months
This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this Easy Access Account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process. To be eligible to apply for this Easy Access Account, you must:
Be an individual, a UK resident and aged 18 or over;
Hold a UK bank or building society account from which you will fund your application;
Have a valid mobile phone number and email address;
Have a UK National Insurance Number; and
Only use this savings account for personal purposes, not business purposes
Your application acceptance will be subject to the successful completion of Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum account balance for this Easy Access Account is £1000, and the maximum balance you can have across all savings accounts you hold with Monument Bank via Raisin UK is £120000.
You can top up your Easy Access Account with a minimum amount of £500 per transaction.
You can manage this Easy Access Account (including depositing or withdrawing monies) by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms & Conditions.
It can take up to 2 business days for this Easy Access Account to be set up and start earning interest. For more information, please see the Raisin UK Terms & Conditions and Raisin Trust Terms & Conditions.
Please ensure you have read all Terms and Conditions before applying for this Easy Access Account.
Can I withdraw money?
Yes. There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £500 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £1,000.
Withdrawal requests can take up to two working days to be processed (a working day is any day other than a Saturday, Sunday, or public holiday).
You may close this Easy Access Account at any time by contacting Raisin UK.
Following a request to close your Easy Access Account, funds will be returned to your Raisin Account by Raisin Trust. Please refer to the Raisin Terms & Conditions and Raisin Trust Terms and Conditions for further information.
If an account closure request is received on a non-working day (either weekend or public holiday), your request will be initiated on the next working day.
Monument may close your Easy Access Account with immediate effect if there are exceptional circumstances affecting its business. In these circumstances your funds will be returned along with any accrued interest.
Additional information
Privacy Notice
Please see our Privacy Notice (www.monument.co/privacy) for information on how we process personal data.
Terms and Conditions
These Terms and Conditions are between Monument Bank Limited (“Monument”) and Raisin Platforms Limited ("RPL") and apply to any Monument deposit account opened by Raisin Platforms Limited (“Raisin UK”) on your behalf via the Raisin platform.
Please see the Raisin UK Terms and Conditions and the Raisin Trust Terms and Conditions for more information. Raisin Platforms Limited will administer the monies in this Fixed Term Deposit on your behalf. These Terms and Conditions are not binding between you and Monument, and you will not become a customer of Monument. These Terms and Conditions incorporate the Monument Bank Easy Access Account Summary Box which sets out the interest rate and key features of this product.
Monument may need to make changes to these Terms and Conditions if it has a valid reason. For example this could be, but not limited to the following:
To comply with changes in law, industry codes or regulatory requirements;
To reflect changes in the systems, schemes or suppliers it uses;
To reflect changes in inflation or the costs it reasonably incurs in providing accounts or services; or
To make these Terms and Conditions clearer or more favourable.
Monument will usually provide at least 30 days’ notice of all changes. If any changes are to be made you will be notified in writing.
Financial Services Compensation Scheme (FSCS)
Eligible deposits benefit from FSCS protection up to the maximum amount of £120000 (for deposits held on an individual basis. The applicable limit will apply to the aggregate amount you place with Monument Bank directly and through any savings platform (such as Raisin).
Raisin UK - Easy Access Account
3.51 % AER / 3.45 % Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Accrued interest is calculated daily, compounded monthly and paid gross without prior deduction of tax.
Interest is credited monthly on the last day of each month.
Can Kroo Bank change the interest rate?
The interest rate applicable to your deposit is variable.
Should the bank set a date to lower the interest rate, you will be given a minimum of 14 days’ notice. You may receive less notice if the rate increases.
What would the estimated balance be after 12 months based on a £1,000 deposit?
The estimated balance after 12 months on a deposit of £100 is £103.50. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Kroo Bank Ltd are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can open and operate this account with is £100.
You can top up your account with the minimum amount of £500 per transaction and the maximum balance you can have is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Kroo Bank Ltd by RPL on the next business day after arriving in the RPL account.
There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £500 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £100. To withdraw below your minimum balance you may close your account at any time by requesting closure from within your customer portal.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Additional Information
Kroo Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register No: 953772. Companies House number 10359002.
Raisin Platforms Limited (RPL) will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Kroo Bank Ltd by RPL on the next business day after arriving in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Raisin UK - Easy Access Account
3.09% AER / 3.05% Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Accrued interest is calculated daily, compounded monthly and paid gross without prior deduction of tax.
Interest will begin accruing from the business day on which we receive your funds from Raisin UK and will be applied to the account monthly.
Can OakNorth Bank plc change the interest rate?
The interest rate applicable to your deposit is variable.
Should the bank set a date to lower the interest rate, you will be given a minimum of 14 days' notice. You may receive less if the rate increases.
What would the estimated balance be after 12 months based on a £20,000 deposit?
The estimated balance after 12 months on a deposit of £20,000 is £20,618.60. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at OakNorth Bank plc are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can open and operate this account with is £20,000.
You can top up your account with the minimum amount of £500 per transaction and the maximum balance you can have is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to OakNorth Bank plc by RPL on the next business day after arriving in the RPL account.
There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £500 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £20,000. To withdraw below your minimum balance you may close your account at any time by requesting closure from within your customer portal.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to OakNorth Bank plc by RPL on the next business day after arriving in the RPL account.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.