Paragon Bank has relaunched its Triple Access ISA at a market-leading 1.65% AER, further enhancing its competitive ISA range and features.

Savers can easily manage their account online and make unlimited new deposits up to the annual ISA allowance of £20,000, as well as transfer in previous subscriptions.

Paragon’s Triple Access ISA enables savers to make three withdrawals within a 12-month period without affecting their interest rate. Should a fourth withdrawal be made the interest rate reduces to 0.75% AER.

The Triple Access ISA product is available in Paragon’s ISA Wallet which can help those customers looking to create a portfolio of cash ISAs to meet their individual circumstances. The ISA Wallet allows savers to spread their £20,000 annual ISA allowance with Paragon across multiple cash ISAs, rather than just open one specific account.

Paragon’s Triple Access ISA and full range of fixed rate savings products can be found here.

Derek Sprawling, Savings Director at Paragon Bank, said:

“We are keen to support ISA savers and our market leading Triple Access ISA builds on our already competitive ISA range. We see ISAs as an important part to a portfolio of savings, which is conveniently created through our ISA Wrapper and Flexible ISA features to provide extra reassurance for those customers looking to manage their cash ISA portfolio.”

He added: “It’s important to Paragon we provide our customers with valuable return on their savings and continue to support the cash ISA segment, an increasingly important tool for proactive savers as interest rates rise.”

For further information contact:

Michael Clarke
Head of Media Relations
Paragon Bank
Tel: 07740090746

Notes to editors:

Paragon Bank PLC a subsidiary of the Paragon Banking Group PLC which is a FTSE 250 company based in Solihull in the West Midlands. Established in 1985, Paragon Banking Group PLC has over £13 billion of assets under management and manages over 450,000 customer 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