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Our defined access accounts are variable rate accounts, that give you a certain amount of access to your savings. There are limits on how many times you can access your money within a given time period, without affecting your interest rate.
Learn more about our defined access accounts
It depends on the type of defined access account you have, for example our Triple Access Account allows 3 withdrawals at the higher rate of interest. You can find full details in your product terms and conditions which we sent to you when you opened your account.
Your terms and conditions can be found in your secure messages, on your online account.
You can make deposits from your nominated bank account by either electronic bank transfer or cheque.
Remember - we will always ask you to use these details when making a deposit. If you’re ever asked to use different details do not send any money and contact us immediately.
Sort code: 40-02-50(This may show up as HSBC, we only use them as our clearing bank) Account number: 31344897 Payee: Paragon Bank PLC Payment reference: Your Paragon account number or application reference number
Please make your cheque payable to Paragon Bank Re your name and savings account number/application reference number.And send freepost to:
RTEX-LLUT-KKKE, Paragon, PO Box 850, Wallsend NE28 5BJ
We will credit cheques to your account on the day we receive them, although it can take up to three days to clear the banking system. You’ll start to earn interest from the second business day after we receive your cheque.
You can cancel any payments if they are set to be paid in the future. We call these ‘future dated transactions’. These transactions will show as ‘pending’ in your latest transactions.
To cancel a transaction, simply log in to your account, select ‘Latest Transactions’ from the menu, scroll down the page to ‘Future transactions’, select a date range of your choice and then select ‘edit’ against the transaction you want to cancel.
Once you select cancel, the next screen will confirm your transaction has been cancelled.
If you require any further help and support, don’t hesitate to contact us.
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Yes. Our defined access accounts are variable rate accounts, which means we may change the interest rate over time.
If your rate increases, we will let you know as soon as possible, this can be after the new rate is effective.
We will notify you 14 days before any rate decreases. We will assume you’re happy to accept the change if you do not choose to close your account.
Your interest rate will also change if you make more withdrawals than detailed in your product terms and conditions. If this happens, we’ll contact you to let you know.
Your product terms and conditions will detail the minimum and maximum balance on your specific account.
However, if you have more than one account with us the maximum you can save across all your Paragon accounts is £500,000.
You can have one open Defined Access Account per issue, including joint accounts. The issue will change if we change the product features.
To find out more about the defined access accounts we currently have available, please see our savings accounts.
We've collected all our useful documents in one place for your convenience.
See the reviews Paragon customers have written about our savings accounts and services.
Head officeParagon51 Homer RoadSolihullWest MidlandsB91 3QJ
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