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4BillionDepositshero

Paragon ends 2017 with record
£4 billion of savings deposits

20 December 2017

Paragon, one of the UK’s leading specialist lending banks, celebrates another important milestone as customer deposits reach £4 billion and savings accounts exceed 120,000.

Since launching its first accounts in 2014, Paragon has grown its savings range to include a comprehensive selection of consistently competitive, simple and straightforward savings accounts.

Including easy access, notice, fixed rate accounts and cash ISAs, Paragon’s savings accounts regularly offer the best savings rates available in the market and often come out at or close to the top of the best buy tables.

The combination of great rates and strong service means that Paragon attracts regular attention from some of the UK’s most trusted, independent commentators in the savings market, and has won an impressive range of commendations and awards from Moneyfacts, Moneynet and Savings Champion.

Today, roughly one in five of Paragon’s savings accounts are cash ISAs with the remainder split between a range of fixed rate, notice and easy access accounts. Customers opting for a fixed rate savings account can choose between a term of one, two, three and five years, with the two year term being the most popular to date.

Richard Doe, Managing Director of Savings at Paragon said:

Our aim is to make saving as easy as possible for our customers, with a consistently competitive range of simple and straightforward online savings accounts. We remain committed to expanding competition and choice for customers as we continue on our journey to become one of the UK’s most trusted savings providers

20 December 2017

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

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