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3 Year Fixed Rate cash ISA

1.86%AER*

  • Tax-free returns
  • Transfer existing ISAs from other providers
  • Monthly or annual interest
  • Save from £500 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 to know exactly what interest you’ll earn on your savings
  • You are happy to manage your account online
  • You’re looking to make deposits into your account on a regular basis
  • You’ve already taken advantage of your ISA allowance and you’re not looking to transfer your money
  • You want an account where interest rates will move up and down, in-line with base rate changes
Savings account summary3 Year Fixed Rate cash ISA
Account name 3 Year Fixed Rate cash ISA
What is the interest rate? Annual: 1.86% Gross** / AER*
Monthly: 1.84% Gross** / 1.86% 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? No. The interest rate is fixed for the fixed term.
What would the estimated balance be after 36 months based on a £1,000 deposit? £1,056.84 based on £1,000 over 36 months at 1.86%

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 £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? Withdrawals prior to your fixed term ending are subject to 270 days’ loss of interest. We will write to you before your fixed term ends to give you instructions on what to do next.
Additional information You have up to 30 days from the date of your application to make your opening payment.

Provided you make your opening payment within 14 calendar days of your application we’ll guarantee the interest rate shown when we received your application or, if higher, the rate on our website at the time you make your opening payment.

If rates change after 14 calendar days and you haven’t made your opening payment, we’ll pay the rate advertised on the day we receive your 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?

Simply login to open a new account with us

 

Why choose this savings account?

  • Tax-free returns
  • Transfer existing ISAs from other providers
  • Monthly or annual interest
  • Save from £500 up to £100,000
fixed_new_customer

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 your deposit by electronic bank transfer or cheque

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 however this is at a penalty, please see your Product Terms and Conditions for details

Transferring your ISA before maturity will be classed as a withdrawal and is subject to penalty, see your Product Terms and Conditions for details

 

Closing your account

If you change your mind, you have the right to close your account within 14 days of receiving your welcome pack. Any account closed in this way will not count as a subscription to an ISA.

You can close the account by withdrawing all funds.

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

 

Maturity

We will email your maturity options to you before your account matures. If we don’t receive your instructions your fixed rate cash ISA will automatically switch to an easy access cash ISA. Details of this ISA will be provided before your maturity date

 

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_johncattanach
Since opening an account with you, Paragon has become one of my favourite banks. Not only was I impressed with your ISA rates, but I found you to be a very savvy internet bank, providing a product that I want simply and efficiently

John Cattanach

customerstorytile_greghaycock
The transfer was much quicker than anticipated. I did all the paperwork online, including the application and transfer form and Paragon Bank took it from there. The account was easy-to-set up and the system is easy-to-use

Greg Haycock

customerstorytile_andrewboston
The ability to request the transfer of funds from my previous provider as part of the online application process felt like a real step forward. In the past, with other banks, I’ve always had to fill out a paper form to do this part of the process.

Andrew Boston

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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