Local cyclic plasticity near stress concentrations governs the fatigue crack initiation in cyclicly loaded Ni‐based single‐crystal superalloys, but has not been well studied and understood. We presents the first TEM‐based site‐specific study of plasticity in the crack initiation region in a notched single‐crystal superalloy subjected to fatigue testing at 800 °C, coupling it with microstructure‐based crystal plasticity modelling. Detailed TEM examinations show that local plasticity near the notch significantly differed from bulk plasticity, featuring high dislocation densities and distinctive arrangements of dislocation pairs within the γ’ precipitates. It further shows that the increased local stresses alone were responsible for the increase in dislocation density and extensive γ’ shearing, but not for the distinctive arrangement of dislocation pairs seen in the notch vicinity, thus highlighting the considerable role played by the local variations in loading rates and stress state surrounding the notch. The results of this work provide new fundamental insights into the deformation micro‐mechanisms leading to fatigue crack initiation in single‐crystal superalloys.This article is protected by copyright. All rights reserved.