OakNorth Cash ISA
OakNorth
Annual Equivalent Rate (AER)
4.58% AER
Monthly Fee
£0
Welcome Bonus
£30 referral bonus
Apply Now →on OakNorth's website
Minimum Deposit:£1,000
Annual Equivalent Rate (AER):
4.58% AER
Welcome Bonus: £30 referral bonus
New customers can receive a £30 cash bonus by using a referral from an existing customer.
Monthly Fee:
£0
Minimum Deposit:
£1,000
The OakNorth Cash ISA is appealing due to its fixed interest rates and the opportunity for new customers to earn a £30 referral bonus. This account is designed for those who prefer stability in their savings, although it lacks a traditional welcome bonus.
Pros:
- Fixed interest rates
- Referral bonus available
Cons:
- No traditional welcome bonus
- Limited to cash ISAs
In summary, the OakNorth Cash ISA is an excellent choice for savers seeking a competitive fixed interest rate of 4.58% AER without any monthly fees, making it particularly suitable for individuals prioritizing stability and long-term growth in their savings. Additionally, the £30 referral bonus enhances its attractiveness for new customers.