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OakNorth Bank

General Information

Overview

OakNorth badges itself as a bank for entrepreneurs by entrepreneurs. It is a small and medium enterprise lender set up by co-founders Rishi Khosla and Joel Perlman, after they sold their business Copal Amba to Moody’s.

Banking Licence

OakNorth have their own banking licence which isn’t shared with any other banks

Registration Numbers

Companies House Number: 08595042

Financial Conduct Authority: 629564

Based: London, with offices in Manchester

Date Launched: September 2015

FSCS Protected? Yes

Branches: OakNorth does not have any branches

People of Interest

Head of Savings

Stella Demades

Chief Executive

Rishi Khosla

Saving Information

No. of Savers

144,000 as at 31st December 2019

Amount of Deposits

£2bn as at 31st December 2019

Loan Book

£3.1bn as of 31st December 2019

Account Opening and Management

How Do I Open a Savings Account

Internet

How Do I Manage a Savings Account

Internet, Telephone

 

Lending Activities

OakNorth has three lending areas of lending:

  • Business loans 
  • Property development finance
  • Buy to let finance to property investors

Reviews

Savings Guru Verdict

OakNorth offer a good range of savings accounts and have regularly appeared in our best buys since their launch.  They have a tendency to change the rates on offer after short periods of time, so we’d always recommend savers moving quickly to secure a product if they see a rate that appeals.  OakNorth allow 14 days to fund the account, which is a reasonable timeframe.

Contact Information for OakNorth Bank

Contact Details

Address: 1st Floor, Alexandra Buildings, 28 Queen Street, Manchester M2 5HX

Telephone: 0330 3801 181

Website: www.oaknorth.com

Email: businessdesk@oaknorth.com

Open: Monday to Friday, 9am – 5pm

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

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