An easy switch
Sheila Fowler likes to keep things straightforward with her retirement nest-egg and opted for a Paragon Bank Fixed Rate Savings Account, happy to tie up a proportion of her savings for a fixed term in order to ensure a consistent return.
When deciding where to invest her savings, Sheila starts by scanning the "best buy" tables in the national newspapers to get an overview of the most competitive rates available in the market.
Paragon Bank caught my attention with their competitive interest rates and then won my business with their simple online application process and clear communications. I also value the ability to move my funds by cheque or online transfer, giving me flexibility in how I direct my money.
Sheila also likes to check that her deposits will be eligible for protection under the UK’s Financial Services Compensation Scheme and looks for a fast and efficient application process to ensure an easy switch.