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  • Paragon Bank targets top spot with new three and five year fixed savings accounts

    22 April 2015

  • 3 Year Fixed Rate Account – 2.50% AER*
  • 5 Year Fixed Rate Account – 3.00% AER*
  • Minimum deposit of £1,000
  • Interest paid monthly or annually
  • New accounts available online from Thursday 23 April

Paragon Bank is targeting a top of table position for its new Three and Five Year Fixed Rate Savings Accounts. Available from Thursday 23 April, the new accounts offer an attractive return for savings customers who are content to tie up their money for a longer term with the option to deposit between £1,000 and £100,000 and to receive interest either monthly or annually.

Richard Doe, Paragon Bank’s Managing Director commented:

These new accounts underline our commitment to offering customers competitive online savings products that are safe and simple to understand and manage.

We continue to refine our delivery with a new, easy-to-navigate website and look forward to welcoming new and returning customers looking to take advantage of these attractive rates.

*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