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*.
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.
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.
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