Paragon Bank is launching a Limited Edition Easy Access Account paying 1.35% AER* on deposits between £1 and £100,000 available from today.
The competitive interest rate, freedom from withdrawal restriction or other bonus stipulations, make the Paragon Bank Limited Edition Easy Access Account simple to understand and easy to manage which places it ahead of other equivalent products currently available in the market.
Richard Doe, Paragon Bank’s Managing Director commented:
Approximately 50% of the UK’s savings are held in Easy Access Accounts.** Savers value the simplicity and flexibility these products offer and we’re pleased to be able to bring them such a straightforward product at a competitive rate.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded on an annual basis.
**FCA Cash Savings Market Study Report, January 2015