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Specialist lender and savings provider Paragon Bank has reached £7.5 billion in deposits, just six years after launching its range of saving accounts. 

Paragon is helping savers make the most of their tax-free savings allowance by introducing two new features across its Cash ISA range - ISA Flexibility and the ISA Wallet.

Paragon has picked-up the Best Multi-Channel Savings Provider category at the 2020 Savings Champion Awards.

Paragon is kickstarting 2020 by further expanding its savings range, introducing a Notice Cash ISA for savers.

Paragon Bank has introduced new competition to the Lifetime ISA market, launching a Cash Lifetime ISA (LISA).

Customers can now apply for a new 40 Day Notice savings account, allowing a balance between earning a competitive return on savings, whilst still being able to access them subject to 40 days’ notice.

Paragon achieves £6bn in savings deposits in just five years and have received a succession of awards, including Online Savings Provider of the Year by MoneyFacts.

Paragon Bank won Best Online Cash ISA Provider at the 22nd annual YourMoney.com awards.

Paragon Bank is extending the way customers can apply for a savings account or cash ISA by opening a postal application channel.

Paragon Bank is increasing the interest rate on its One Year Fixed Rate cash ISA on Friday 5 July. The rate will increase to 1.60%.

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