Personal 6 Month Fixed Term Deposit - OakNorth

Personal 6 Month Fixed Term Deposit

OakNorth
1.57 % AER
Headline Interest Rate
Fixed
For 6 months
FSCS
Compensation Scheme
£ 1 min initial deposit
£ 500,000 max balance
  • Open By:

About the account

Account Type: Fixed Term
Headline Interest Rate: 1.57 % AER
Headline Interest Balance: £ 1
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 1
Date account was introduced: 02 May 2019

This account may be appropriate for you if

  • Your are happy to give na days notice before accessing your money
  • You are over 18 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: maturity
Minimum Balance: £ 1
Maximum Balance: £ 500,000
Statement Frequency: annually
Additional Deposits: Not allowed
Standing Orders: Not allowed

Withdrawals

Withdrawal Conditions: No withdrawals or closure permitted during the term of the account.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: No withdrawals permitted during the term of the account.
Transferred on Maturity: Customers will be contacted prior to maturity to discuss options available to them. If no instructions are received from the customer by maturity, funds will be transferred to a variable rate Easy Access Deposit Account.

Conditions

Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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