Paragon Bank increases rate of Three Year Fixed Rate Savings Account to 2.37%

Customers can now apply for a Three Year Fixed Rate Savings Account with a new higher rate of 2.37% AER from Paragon bank.

The product is available from 21 September at 9:00am.

Richard Doe, Paragon Bank Managing Director, said:

Paragon Bank is once again offering a competitive alternative to savers looking to consider a new provider. Our rate increase will help our customers to save for their future.

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.

21 September 2018

All rates and statistics correct at the time of publish.

See our current full range of savings accounts

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