Oxbury Bank Savings Accounts

Who is Oxbury Bank?

Oxbury Bank Plc is a UK bank headquartered in Chester, England. It was established by a group of banking professionals, farmers, agricultural businesses and technology specialists who wanted to create a bank dedicated to the financial needs of British agriculture.

The bank received full regulatory authorisation in January 2021 and began operating as a specialist bank in February 2021. Unlike larger retail banks offering a broad range of financial services, Oxbury concentrates on savings and lending connected to the agricultural sector.

What does Oxbury Bank specialise in?

Oxbury’s principal lending activities focus on farmers, agricultural businesses and the wider food production industry. Its financing services include working capital facilities, agricultural asset finance and longer-term lending to support investment in farmland, equipment and infrastructure.

The bank also supports agricultural businesses undertaking projects involving productivity improvements, diversification and more sustainable farming practices. Further information is available on Oxbury Bank’s official website.

Who owns Oxbury Bank?

Oxbury Bank Plc is an independently established specialist banking company. Its founding and investment base has included agricultural businesses, farmers, financial services professionals and other private investors.

Rather than operating as a traditional high-street banking brand, Oxbury has developed its own banking platform and business model around the financial requirements of the rural economy.

What savings accounts does Oxbury Bank offer?

Oxbury provides personal savings accounts alongside separate savings arrangements for businesses and farm businesses. Its personal savings range includes easy access accounts, notice savings and fixed rate bonds, giving customers different options depending on when they may need their money.

The bank operates primarily through digital channels, with customers able to access and manage their savings through online banking and its mobile app. Available accounts and their conditions can be found on Oxbury’s personal savings page.

How do savings support Oxbury’s agricultural lending?

Oxbury uses its banking activities to provide finance to the UK agricultural sector. Customer savings form part of the funding supporting the bank’s lending operations, which are directed towards farmers and agricultural businesses.

This gives Oxbury a distinctive position among UK savings providers. Customers can consider its savings accounts on their own financial merits while also understanding the specialist sector in which the bank operates.

How do you open an Oxbury Bank savings account?

Customers can apply for an Oxbury savings account through the bank’s website using a desktop computer, laptop or tablet. Existing customers can also apply for additional accounts through online banking or supported mobile app services.

Personal applicants generally need to be aged 18 or over, resident and tax resident in the UK, and hold a UK current account in their own name. Oxbury carries out electronic identity, address and bank account checks during the application process and may request additional information where necessary.

Applications and eligibility information are available through Oxbury’s official savings website.

How do you deposit money into an Oxbury savings account?

When an application is accepted, Oxbury provides the account details needed to make a deposit. Customers normally transfer money from the UK current account registered during their application, known as their Linked Account.

External payments must come from this linked account. Transfers between eligible Oxbury accounts may also be possible, subject to the conditions of the accounts involved. Minimum deposits, maximum balances and funding arrangements depend on the particular savings product.

How do customers manage their savings?

Oxbury customers can view balances, check transactions and manage account instructions through Oxbury Online Banking and the Oxbury App. The app also supports secure authentication when accessing online banking or approving certain instructions.

Customers should have access to a compatible mobile device and understand the bank’s authentication arrangements before opening an account. Oxbury provides guidance and support where customers experience difficulties accessing its digital services.

How do withdrawals work?

Withdrawal arrangements depend on the type of savings account. Easy access accounts allow customers to request withdrawals to their linked current account, subject to payment processing and account conditions.

Notice savings accounts normally require customers to give the specified notice before withdrawing money. Fixed rate bonds are generally intended to remain invested until the agreed maturity date, with early closure normally unavailable except where Oxbury considers exceptional circumstances.

Customers should check the relevant account terms before depositing money, particularly where access restrictions apply.

What customer support does Oxbury provide?

Oxbury provides customer support through secure messages in online banking, its mobile app, email and webchat. Its support team can assist with account access, application questions, payment enquiries and other savings-related matters.

Customers can find further guidance through Oxbury’s Savings Help Centre or visit its official contact page.

Is Oxbury Bank regulated in the UK?

Yes. Oxbury Bank Plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Its Financial Services Register number is 834822.

Customers can verify the bank’s regulatory status through the Financial Services Register.

Are Oxbury Bank savings protected by the FSCS?

Eligible deposits held with Oxbury Bank Plc are protected by the Financial Services Compensation Scheme. The standard deposit protection limit is £120,000 per eligible person, per authorised firm.

This protection applies to qualifying savings deposits, including eligible money held in easy access, notice and fixed rate savings accounts. The compensation limit applies to the depositor rather than providing a separate allowance for each savings product.

How is protection calculated across multiple accounts?

When calculating compensation, the FSCS generally combines an eligible customer’s deposits held under the same banking authorisation. Customers holding several Oxbury Bank savings accounts should therefore consider their total eligible balance rather than treating each account separately.

For qualifying joint accounts, each eligible account holder’s share is generally assessed against their individual protection limit. Two eligible joint account holders may therefore receive combined protection of up to £240,000, subject to the scheme’s rules and their other eligible deposits with the same authorised firm.

Additional protection may be available for certain temporary high balances arising from qualifying life events, subject to the FSCS eligibility requirements and time limits.

Where can customers check their protection?

Further information about the bank’s deposit protection arrangements is available through Oxbury Bank’s official FSCS information page. Customers can also consult the Financial Services Compensation Scheme or use its deposit protection checker to understand compensation limits, eligibility requirements and deposits held across multiple accounts.