Paragon Bank unveils two new savings accounts
From today, savers with Paragon Bank can choose a fixed rate savings account for a one, two or three year term and earn 1.75%, 2.10% and 2.50% AER respectively on balances from £1,000 to £100,000.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
For savers who require greater flexibility, Paragon Bank is also launching a new 120 Day Notice Account (available from Friday 14 November) at a market-leading 1.60% AER for balances from £500 to £100,000.
All savers opting for a new fixed term or notice account will be able to receive interest monthly or annually, depending on what suits them best.
Richard Doe, Paragon Bank’s Managing Director, said:
“These latest additions to the Paragon Bank range offer great value for savers looking to manage the trade-off between certainty and flexibility. Combined with the option to elect for monthly interest, Paragon Bank savers can now choose to boost their income with a regular top-up from their hard-earned funds.
“As a new British competitor in the UK market, Paragon Bank is committed to expanding competition and choice for UK savers with a range of safe, simple and transparent products at consistently good value rates.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Iress
Iress announces major upgrade to Xplan Mortgage platform
Mortgage Rates
Barclays relaunches sub-4% mortgage rate
Lloyds
Lloyds partners with Connells and LMS to launch fully digital homebuying journey
FCA
FCA sued over compensation scheme that 'significantly underestimates harm'
Mortgages
Mortgage affordability at tightest level since 2008: UK Finance
FCA
FCA announces changes to streamline senior managers regime
