This website requires JavaScript to work properly.
To enable JavaScript in your web browser please follow these simple instructions.
This Content Component encountered an error
  • Paragon launches competitive Five Year Fixed Rate ISA

    03 March 2017

  • Five Year Fixed Rate ISA - 1.75% AER*
  • Available from 3 March for deposits and ISA transfers between £500 and £100,000
  • Interest paid monthly or annually

Paragon Bank is launching a new Five Year Fixed Rate ISA on Friday 3 March with an interest rate of 1.75% AER* on deposits from £500 up to £100,000. The Five Year Fixed Rate ISA will be entering the market as a best buy, boosting value for savers prepared to lock up their money for a longer term.

Coming on top of Paragon Bank’s new One and Five Year Fixed Rate Savings Accounts, which will also be launched Friday 3 March paying 1.50% and 2.15% AER*, Paragon Bank offers savers a range of attractive savings options to choose from.

Richard Doe, Paragon Bank’s Managing Director commented:

After the launch of its first ISA products in summer 2016, Paragon Bank has really been increasing competition in a market that has seen considerable rate cuts. Our ISA range includes some of the most attractive rates available for savers, offering the perfect opportunity to open a new account or transfer existing savings.

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