Customers can now apply for a Two Year Fixed Rate Bond with a new higher rate of 2.26% AER* from Paragon Bank.

The product is available from 28 September at 9:00am.

Richard Doe, Paragon Bank Managing Director, said:

Paragon Bank is once again offering a competitive rate to help our customers make more of their savings

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.

28 September 2018

All rates and statistics correct at the time of publish.