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120 Day Notice cash ISA

1.31%AER* (variable)

  • Top up account at anytime, with only 120 days’ notice to withdraw
  • Monthly or annual interest
  • Save from £500 up to £500,000

Is this the best savings account for you?

  • Spread your tax-free ISA allowance across multiple ISAs with Paragon’s ISA Wallet and this Flexible ISA means any funds you withdraw are added to your remaining ISA allowance to reinvest with us
  • Access your ISA funds, penalty free, with just 120 days’ notice
  • Easily make unlimited additional deposits anytime
  • Quickly transfer your existing ISAs from your other providers
  • Your interest rate can change over time
  • If you’ve already invested in an ISA this tax year with a different provider, you’ll need to transfer this years subscription in full
  • There is a 120 days’ interest penalty for accessing your funds without giving the required notice. So, if you close your ISA in the first 120 days, you will get back less than you invested.

Make the most of your 2019/2020 ISA subscription

If you want to take advantage of this year’s ISA allowance, you need to make sure you complete your application and fund your new cash ISA by 12.00pm 5 April 2020.

You have the freedom to spread your annual ISA allowance with our
Flexible ISAs and ISA wallet.

Your money award

Savings account summary120 Day Notice cash ISA
Account name 120 Day Notice cash ISA (issue 1)
What is the interest rate? Annual: 1.31% Gross** / AER*
Monthly: 1.30% Gross** / 1.31% AER*
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded on an annual basis.
** Gross is the rate of interest payable before any income tax is deducted.
Interest will be paid monthly on the day of the month you first paid into your account or annually on the anniversary of making your opening payment.
Can Paragon Bank change the interest rate? The interest rate is variable. Please see clause 5.12 in General Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit? £1,013.10 based on £1,000 over 12 months at 1.31%

This is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account? Online. Minimum balance £500 up to a maximum of £500,000 (plus any resulting interest). Account holders must be aged 18 or over and a UK resident for tax purposes.
Can I withdraw money? Subject to a 120 day notice period. Simply log into your account and follow the instructions on screen.

If required notice is not given withdrawals will be subject to 120 days’ loss of interest
Additional information You have up to 28 days from the date of your application request to make your opening deposit. After 28 days the account will be closed.

You can only make new subscriptions by electronic transfer or cheque from the nominated bank account you choose during your application. This account must be in the name of the Paragon Account holder.

Transfers from an existing ISA provider are also permitted. Our accounts are subject to a limited offer.

You can spread your annual ISA allowance across multiple ISAs in our range. Subject to HMRC Guidelines, and not exceeding your annual ISA allowance.

This is a Flexible ISA, so any funds withdrawn are added back to your annual ISA allowance to reinvest with us. All withdrawals are subject to product terms and conditions.

Already a customer?

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Why choose this savings account?

  • Top up account at anytime, with only 120 days’ notice to withdraw
  • Monthly or annual interest
  • Save from £500 up to £500,000

New customer?

Apply now

The relevant terms and conditions documents can be found below, available for download

What you will need
Important information
Terms & conditions
  • Your contact details
  • Your email address
  • Details of the UK current account, in your name (either as sole or joint holder), that you would like to set up as your nominated bank account
  • National Insurance number
  • Existing ISA account details if transferring

Power of attorney

If you are applying for this account as a power of attorney, you will need to call our customer services team on 0800 052 2222 to complete your application. For further information about power of attorney please visit our FAQs.


Make deposits by electronic bank transfer or cheque. Additional deposits can be made (subject to not exceeding your maximum balance).

All deposits must come from the nominated bank account. This account must include your full name, either as a sole or joint holder.

You can transfer your current or previous ISA subscriptions.

Existing customers can make a deposit from their existing Paragon accounts (subject to account terms and conditions).


You can make withdrawals to your nominated bank account providing you give the required notice (subject to the account not falling below the minimum required balance).

Withdrawals prior to the required notice are subject to 120 days’ loss of interest.

Each notice period is based on calendar days and begins on the date we receive your withdrawal request

Closing your account

If you change your mind, you have the right to close your account within 14 days of receiving opening deposit.

You can close the account by withdrawing all funds (subject to giving the required notice).

Your account will be closed if it falls below the minimum required balance.

Interest rate changes

This is a variable rate account where the interest rate may change. We will contact you about any changes.

Change When we'll contact you
Increase in rate As soon as possible
Decrease in rate At least 120 days before the change

If you do not close your account we will take it that you have accepted the change

Keeping you informed

We have a duty to tell you important information about your account as part of our terms and conditions. As these are service messages you won’t be able to opt out of receiving them

Before you apply for your account please make sure you have read and understand both our Product Terms and Conditions and General Terms and Conditions

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