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  • Easy Access cash ISA

    1.05% AER* Variable

    Limited edition


    *AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded on an annual basis.

Key Benefits

Key benefits

  • A variable rate of 1.05% AER
  • Save from £1 up to £100,000
  • Unlimited withdrawals and no penalties
  • Receive your interest monthly or annually
  • Top up your savings whenever you want
I am
What you will need to apply
  • Your contact details
  • Your email address
  • Details of the UK current account, in your name (either as sole or joint holder), that you would like to set up as your nominated account
  • National Insurance number
  • Existing ISA account details if transferring
  • Power of attorney. If you are applying for this account as a power of attorney, you will need to call our customer services team on 0800 052 2222 to complete your application. For further information about power of attorney please visit our helpful information


Summary box

Account name Limited Edition Easy Access (Issue 2) cash ISA
What is the interest rate? Annual 1.05% Gross** / AER*
Monthly 1.04% Gross** / 1.05% AER*
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded on an annual basis.
** Gross is the rate of interest payable before any income tax is deducted.
Interest will be paid monthly on the day of the month you first paid into your account or annually on the anniversary of making your opening payment.
Can Paragon Bank change the interest rate? The interest rate is variable. Please see 5.12 in General Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit? £1,010.50 based on £1,000 over 12 months at 1.05%

This is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account? Online. Minimum balance £1 up to a maximum of £100,000 (plus any resulting interest). Account holders must be aged 18 or over and a UK resident for tax purposes.
Can I withdraw money? Unlimited withdrawals.
Additional information You have up to 30 days from the date of your application to make your opening payment.

You can only make new subscriptions by electronic transfer or cheque from the nominated account you choose during your application. This account must be in the name of the Paragon Bank account holder.

Transfers from an existing ISA provider are also permitted.
Important Information
  • Once you’ve made your opening payment, you can make unlimited additional payments (subject to it not exceeding the maximum balance or annual ISA allowance) or withdrawals from your ISA without notice
  • This account is a variable rate and your interest rate may change. When our interest rates change, we’ll tell you about the change by email (or by post if we do not hold a valid email address for you). If we increase the rate we’ll let you know within 30 days of the increase. If we reduce the interest rate we’ll let you know at least two months before the change takes effect.
  • We are registered under the Financial Services Compensation Scheme (FSCS) which means your eligible savings are protected up to the stator limit of £85,000
  • If you change your mind about opening an account, you have the right to close your account within 14 days of receiving your welcome pack
  • Before you apply for your account please make sure you have read and understand both our Product Terms and Conditions and General Terms and Conditions
Open your account today. I am
Image of Savings customer Will Riches who have shared their story with Paragon Bank
Modern and simple
Modern and simple

Will Riches

Mr Riches had been searching for a new account on the high street to help manage his finances after recently becoming a new father, but turned to Paragon Bank after finding the easy access account on an online comparison site.

The demands of having a new baby meant having the flexibility to access his savings was just as important as having a competitive rate.

Mr Riches explains:

For me, accessibility and ease were hugely important. The Paragon Bank application and online system is modern, efficient and overall, excellent - it’s simple to add to my savings but also withdraw them should I need to.

Efficient ISA transfer
Efficient ISA transfer

Greg Haycock

Midlands-based, Greg Haycock was one of the very first customers to open a Paragon Bank ISA, opting for a Two Year Fixed Rate ISA.

Keen to find an ISA that he could open and manage online, Greg took no time getting to grips with Paragon Bank’s online ISA application and transfer process:

The transfer was much quicker than anticipated. I did all the paperwork online, including the application and transfer form and Paragon Bank took it from there. The account was easy-to-set up and the system is easy-to-use

Trusted service
Trusted service

Allyson Jones

Retired medical communications consultant Allyson shopped around for her savings account and used the personal finance pages in national newspapers to learn more about new providers and the most competitive rate for her savings.

Allyson explained:

Opening my Paragon Bank savings account was very simple and it was even easier choosing to have my interest paid monthly.

Allyson also valued the great customer service at Paragon Bank:

When I called customer services, my query was dealt with very promptly by real people. The customer care and service was great and very reassuring.

Allyson chose the Two Year Fixed Rate savings account valuing the competitive rate and security of locking her savings away for two years.

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