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  • Paragon Bank aims for the top

    3 February 2017

Paragon Bank is aiming for the top of the best buys, offering savers two new market leading products - a Three Year Fixed Rate Cash ISA at 1.30% AER* and a new 120 Day Notice Account at 1.15% AER*, together with a relaunched Two Year Fixed Rate Account at 1.56% AER*.

Three Year Fixed Rate Cash ISA

The Three Year Fixed Rate Cash ISA at 1.30% AER* is targeting the top of the best buy tables, offering customers a market leading rate for deposits from £500 for the three-year term. The ISA also accepts transfers of previous year subscriptions and the option of access, albeit at the cost of 270 days’ loss of interest. Find out more.

120 Day Notice Account

The new 120 Day Notice Account at 1.15% AER* gives savers better rates than an Easy Access Savings Account whilst also giving flexibility for pre-planned withdrawals. Customers are permitted to deposit funds at any time, with 120 days’ notice required before making withdrawals. Apply now.

Two Year Fixed Rate Account

By increasing the rate on the Two Year Fixed Rate Account, Paragon Bank is offering more choice for savers with a medium term horizon who have between £1,000 and £100,000 to deposit. Link here to apply.

Richard Doe, Managing Director of Paragon Bank said:

Paragon Bank aims to offer consistently competitive products and our latest product changes illustrate that goal. Throughout our range we aim to give savers more choice and better rates than other products on the market. Along with our best buy accounts, our straightforward online application process makes it easier than ever to switch.

Paragon Bank’s savings products are available online only and eligible deposits are protected by the Financial Services Compensation Scheme up to a maximum 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

FSCS protected small logo
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