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Paragon kick-starts 2018 with Limited Edition Easy Access Cash ISA

  • Variable rate Limited Edition Easy Access Cash ISA at 1.16% AER*
  • Open with just £1
  • Account available from Friday 12 January

Paragon is offering savers the opportunity to kick-start 2018 with a new variable rate, Limited Edition Easy Access Cash ISA at a best buy rate of 1.16% AER*. Available online from Friday 12 January, the new account can be opened with as little as £1 and allows savers a choice of either monthly or annual interest payments.

The headline interest rate on this new account is free from complicated restrictions or bonus requirements, making it simple to manage and straightforward to understand.

With many equivalent accounts available in the market still offering less than the Bank of England Base Rate, Paragon’s new account offers a strong combination of flexibility and value.

Richard Doe, Managing Director of Savings at Paragon said: “The start of the year is always a good time for savers to take stock and look around the market to see how rates have changed. After the Base Rate increase in November, this is especially important and gives challengers like us a great opportunity to showcase our value relative to the established high street banks.”

All eligible deposits with Paragon are protected under the Financial Services Compensation Scheme (FSCS).

For further information, or to open an account, see our savings accounts

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded on an annual basis.

12 January 2018

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