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.