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Paragon Bank Two Year Fixed Rate ISA is increased to market leading rate of 1.82%

Customers can now apply for a Two Year Fixed Rate ISA with a market leading rate of 1.82% AER from Paragon Bank.

The product is available from 26 October at 9:00am.

Richard Doe, Paragon Bank Managing Director, said:

This move is a further improvement to our already competitive range of savings products. We strive to offer consistently competitive rates on our range of savings products and cash ISAs. Our market leading two-year ISA provides an attractive rate for savers and is available for customers looking to transfer existing ISAs or use this years’ tax allowance.

Paragon Bank savings products are available online 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.

26th October 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