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Easy Access cash ISA

0.25%AER* (variable)

  • Simple and easy to access online cash ISA

  • Monthly or annual interest

  • Save from £1 up to £500,000

New customer

Apply now

or

Existing customer?

Simply to open a new account with us

Is this the best cash ISA for you?

  • Spread your tax-free ISA allowance across multiple ISAs with Paragon’s ISA Wallet
  • With this Flexible ISA any funds you withdraw are added to your remaining ISA allowance to reinvest with us
  • Quickly transfer your existing ISAs from your other providers
  • Easily make additional deposits, or withdrawals without penalty and with Flexibility
  • 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

Be flexible with your ISA this tax year

Spread your ISA allowance across our range with our ISA Wallet and Flexible ISAs and enjoy the freedom to withdraw and replace your savings without it affecting your allowance.

Savings account summaryEasy Access cash ISA​
Account name Easy Access cash ISA (Issue 10)
What is the interest rate? Annual: 0.25% Gross** / AER*
Monthly: 0.25% Gross** / 0.25% 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 deposit.
Can Paragon Bank change the interest rate? The interest rate is variable. Please see 5.12 in General Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit? £1,002.50 based on £1,000 over 12 months at 0.25%

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 £1 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? Yes, simply login to your account and follow the instructions on screen.
This is a Flexible ISA, any funds withdrawn are added back to your ISA allowance in the same tax year and you can reinvest it in this or another ISA only with us.
Additional information Make your opening deposit by electronic bank transfer, cheque or transferring existing ISAs within 28 days of your application, or your Paragon ISA will be closed and you’ll need to complete a new application. If you’re transferring an ISA from another provider and it takes longer than 28 days, it will still be processed and your ISA will stay open. All cheques and electronic bank transfers must come from your nominated bank account which must be in the name of the ISA holder.

You can make unlimited additional deposits and ISA transfers, subject to your annual ISA allowance.

If you change your mind you can close this ISA with 14 days of your opening deposit. Any ISA closed in this way won’t count as an ISA subscription. You can spread your ISA allowance across multiple ISAs in our range. Subject to HMRC guidelines and not exceeding your annual ISA allowance.

New customer?

New customers apply now to open and manage your account online

Existing customer?

Simply login to open a new account today.

What you will need
Important information
Terms and 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.

Deposits

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)​.

Withdrawals

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

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 your account at any time by withdrawing all funds.

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 14 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


customerstorytile_allysonjones
Opening my Paragon Bank savings account was very simple and it was even easier choosing to have my interest paid monthly

Allyson Jones

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