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OakNorth Bank

General Information


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: Manchester with offices in London

Date Launched: September 2015

FSCS Protected? Yes

Branches: OakNorth does not have any branches

People of Interest

Head of Savings

Rajat Mehta

Chief Executive

Rishi Khosla

Saving Information

No. of Savers

167,000 as at 31st December 2021

Amount of Deposits

£2.643bn as at 31st December 2021

Loan Book

£2.915bn as of 31st December 2021

Account Opening and Management

How Do I Open a Savings Account


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


Trustpilot Reviews

OakNorth has two listings, as it has split the company into a bank and credit intelligence firm, but both listings have reviews of the bank included so worth checking out the two sites

Savings Guru Verdict

OakNorth offer a good range of savings accounts, for both personal and business customers, and have recently added ISAs to their proposition.  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.  Their customer service reviews for savings are a mixed bag, with some savers reporting great service and others having a pretty poor experience.

Contact Information for OakNorth Bank

Contact Details

Address: 6th Floor, Ship Canal House, 98 King Street, Manchester M2 4WU

Telephone: 0330 3801 181


Email: [email protected]

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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