Founded in 2015 by entrepreneurs, OakNorth is a digital bank focused on empowering scaling businesses with £1m-£100m in turnover that are often overlooked by traditional banks. Through fast, flexible debt finance, OakNorth has injected over £11bn into UK and US communities, supporting growth across diverse sectors, including healthcare, hospitality, manufacturing, property development, and more.
OakNorth also offers tailored business banking solutions, including current accounts and savings vaults, designed to help businesses scale at speed. For personal savers, the bank provides competitive savings accounts, enabling customers to achieve their financial goals while contributing to the growth of UK entrepreneurs and high-growth businesses.
It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Visit www.oaknorth.co.uk for more information.
Communication through emails. Easy to use website
Easy to navigate site. Helpful if you need to ring them
Good, reliable Company. Have been with them a few years now and they have always been honest and fair.
Excellent bank
I am pleased that the company is actively investing in projects mainly in the North of England. Also it is reassuring that you are able to speak to somebody on the other end of the phone that fully understands investment and saving procedures.
OakNorth are respectable and trustworthy to deal with. No problems with Online experiences. Good rates of interest and very good at keeping customers informed of changes
It would have been 5 stars but the interest rate drop shortly after I joined
Could be better with higher interest rate
I have banked with OakNorth for 2 years now and never had any issues or problems. When closing my notice account everything was straight forward and I received funds on the day as promised. Also when reapplying the process was quick and straightforward.
I had to deal with customer services and it was so easy to speak to somebody and get the issue sorted out.
Very good rates. Concise information and easy to reinvest.
Not always the market leader
So simple too arrange . my instruction carried out with no problems. Great trouble free service.
My investment was well looked after any queries dealt with professionally.
I moved my fixed term ISA from OakNorth on maturity to another provider as they had a better rate of interest. However, I have a second ISA with OakNorth taken out earlier this year when its interest rate could not be beaten. Both transactions went very smoothly.
Always simple to bank with using the app, clear communications & competitive rates
Good app, easy to access. Great communication.
Simple to setup and use, great for saving money. Just wish they had investment ISA's etc but never know what the future might hold
Opening the bonds could not have been easier. Thank you
Steven larner
Dec 01,2024Good saving products with good interest rates. The app is easy and simple to use.