Paragon Bank has been named Best New Savings Provider in the fifth annual Moneynet awards.
The Moneynet awards recognise the UK’s top personal finance providers and products from the last twelve months, highlighting those providers who have ‘gone that extra mile and delivered first class deals for the consumer’.
Richard Doe, Paragon Bank’s Managing Director, said:
We’re delighted to receive this Moneynet Award, recognising our commitment to rewarding savers with a range of safe, simple and transparent products at consistently good value rates. Our online savings range now includes easy access, notice and fixed term deposit accounts and we will continue to expand the range to improve choice and competition for our savers as we develop and grow.
Andrew Hagger, chair of the judging panel said:
Paragon Bank was chosen because of its consistently good rates across both notice and fixed rate savings products. On a number of occasions during the second half of 2014 the products have been at the top of the best buys and even when they haven't been top three, they were never far away. As well as the competitive pricing the judging panel liked the no nonsense, straightforward products and easy to navigate website.