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Easy Access cash ISA

1.35%AER* (variable)

  • Simple and easy to access online cash ISA
  • Monthly or annual interest
  • Save from £1 up to £100,000

Is this the best savings account for you?

  • You want to take advantage of your tax free savings allowance or have previous ISA subscriptions to transfer
  • You want access to your savings, should you need it
  • You are happy to manage your account online
Savings account summaryEasy Access cash ISA
Account name Easy Access cash ISA (Issue 4)
What is the interest rate? Annual: 1.35% Gross** / AER*
Monthly: 1.34% Gross** / 1.35 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? £1,013.50 based on £1,000 over 12 months at 1.35%

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 £100,000 (plus any resulting interest). Account holders must be aged 18 or over and a UK resident for tax purposes.
Can I withdraw money? Yes, you can make withdrawals from this account.
Simply log into your account and follow the instructions on screen.
Additional information You have up to 30 days from the date of your application to make your opening deposit.

You can only make new subscriptions by electronic transfer or cheque from the nominated account you choose during your application.

This account must be in the name of the account holder.

Transfers from an existing ISA provider are also permitted.
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Already a customer?

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Why choose this savings account?

  • Simple and easy to access online cash ISA
  • Monthly or annual interest
  • Save from £1 up to £100,000
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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.

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 your welcome pack.​

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 email you about any changes.

Change When we'll email you
Increase in rate Within 30 days of the change
Decrease in rate At least two months 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

customerstorytile_johndinham
I was impressed with how simple it was to open the account and how quickly I could transfer the money in from my maturing account. The telephone back-up was helpful and the whole process was very efficient

John Dinham

customerstorytile_hillarysmith
Opening my Paragon Bank account was very easy and straightforward but it was the reassurance I received from the communications and customer service that really impressed me. It’s great to know I am being looked after

Hillary Smith

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

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