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  • Paragon Bank launches 1.35% Limited Edition Easy Access account

    29 April 2015

  • Limited Edition Easy Access Account – 1.35% AER*
  • Available from today for deposits between £1 and £100,000
  • Free from withdrawal restrictions or bonus stipulations
  • Interest payable monthly or annually

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

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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.
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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