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.