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Easy access accounts

Our easy access account is a perfect choice if you're looking to save for a rainy day. You don’t need to give notice to withdraw your money and it’s simple to top up your account.

View our easy access accounts

Our easy access accounts are ideal if you want to build your savings up without being locked in to a fixed term. The interest rate on this type of account is variable, so interest can change over time but we will always let you know about any changes we make.

Why choose an easy access account?

  • Quick and easy to withdraw your money
  • Tax-free within your Personal Savings Allowance or as cash ISA
  • Choose monthly or annual interest

What else should you know?

Making payments

Once you’ve opened an account, you can make your opening payment and add to your savings at any time.

Withdrawals

Yes you choose when you want to access your money.

Nominated bank account

When you open your account via our online application process, you will be asked to enter the details of your nominated bank account. This is the account that you will need to make your payments to and withdrawals from.

Online account

The account is operated online, giving you the flexibility to check your balance and print statements around the clock.

Personal savings allowance

Launched in 2016, the personal savings allowance allows you to earn interest on your savings tax-free. There are limits depending on your tax banding. Currently £1,000 for lower rate tax payers, £500 for higher rate but if you earn more than £150,000 the personal savings allowance doesn’t apply.

ISA allowance

Our range of cash ISAs allow you to make use of your ISA allowance and transfer any previous ISAs you may already hold. Any deposit you make into a cash ISA, will earn tax free interest. This is in addition to your Personal Savings Allowance. With our Easy Access Cash ISAs, you can access your money with not restrictions. Start a new ISA subscription up to the ISA allowance and transfer your previous years ISAs.​

Current Easy Access Accounts

View our competitively priced Easy access accounts currently available

Easy Access 1.35%
AER*
Apply
Easy Access ISA 1.35%
AER*
Apply

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

FAQs

Here you will find the answers to some commonly asked questions relating to our products and services.

Documents

We've collected all our useful documents in one place for your convenience.

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