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  • Paragon Bank picks up the pace with Two Year Fixed Rate Account

    01 July 2014

  • Two Year Fixed Rate Savings Account at 2.10% AER*
  • Available online on account balances of £1,000 to £100,000
  • Latest addition to Paragon Bank’s inaugural range of savings products

Paragon Bank has added a Two Year Fixed Rate Savings Account paying a competitive 2.10% AER* to its inaugural range of savings products. The new account builds on Paragon’s Easy Access Account and One Year Fixed Rate Savings Account and is available online at www.paragonbank.co.uk.

Launched in February 2014, Paragon Bank is a new British bank focusing on providing straightforward and competitive savings and loans to UK consumers and SMEs.

The development of Paragon Bank’s initial savings accounts brings increased choice to UK savers, offering transparent products at good value interest rates.

Richard Doe, Paragon Bank’s Managing Director, said:

Following the successful launch of our initial products, we can now confidently pick up the pace with this new Two Year Fixed Rate Savings Account. Competitively priced, we expect it to be popular and savers should act quickly to avoid disappointment.

At Paragon Bank, our aim is to offer simple, straightforward and transparent savings accounts at consistently good value rates. We won’t offer complicated products or operate an expensive branch network, just safe and easy ways to save online.

Paragon Bank is registered under the Financial Services Compensation Scheme (FSCS) which protects eligible deposits up to a total of £85,000.

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded on an annual basis.

Your eligible deposits with Paragon Bank are protected up to a total of £85,000 by the
Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme.
See how you're protected
Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551