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3 Year Fixed Rate cash ISA

1.10% AER*

Know how much tax-free interest you’ll earn, save from £500 - £500,000 and choose monthly or annual interest payments. Transfer your existing ISAs from other providers easily.

New customer

Apply online

Existing customer?

Simply to open a
new account today.

or

New and existing customers can now
open and manage this account by post

Apply by post

Or call us on 0800 052 2222

Is this the best cash ISA for you?

  • Spread your tax-free ISA allowance across multiple ISAs with Paragon’s ISA Wallet
  • Quickly transfer your existing ISAs from your other providers
  • Manage your account easily online or by post
  • Early withdrawals are subject to penalty, you can’t make additional deposits
  • Your interest rate won’t change during the fixed term
  • 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 270 days’ interest penalty for closing your account before your fixed term ends. So, if you close your ISA in the first 270 days, you may get back less than you invested.


ISA Wallet and Flexible ISAs

Our ISA Wallet and Flexible ISAs give you the freedom to spread your annual ISA allowance across our range of cash ISAs.​

ISA Wallet and Flexible ISAs explained



Savings account summary3 Year Fixed Rate cash ISA
Account name 3 Year Fixed Rate cash ISA
What is the interest rate? Annual: 1.10% Gross** / AER*
Monthly: 1.09% Gross** / 1.10% 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? 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? £1,033.36 based on £1,000 over 36 months at 1.10%

This is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account? Online accounts are opened and managed online through our website.​

Postal accounts are opened and managed through the post.​

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? 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 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 in another ISA with us. All withdrawals are subject to product terms and conditions.

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

New customer?

New customers apply now to open and manage your account online

Apply online

Existing customer?

Simply login to open a new account today.

Alternatively

New and existing customers can now open and manage this account by post

Apply by post

Or call us on 0800 052 2222

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 opening deposit. 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 & 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