With a Triple Access cash ISA, you can start saving tax free, from as little as £1. Make unlimited deposits subject to your ISA allowance and the maximum account balance of £500,000. You can have up to 3 withdrawals every 12 months without impacting your interest rate.

New customer?

Apply online

Existing customer?

Is this the best cash ISA for you?

Freedom to spread your tax-free ISA allowance across multiple ISAs with Paragon’s ISA Wallet
Flexibility to withdraw and replace your ISA funds without affecting your ISA allowance
Quickly and easily transfer your existing ISAs

Unlimited deposits up to your maximum account balance
Make withdrawals up to 3 times every 12 months without impacting your interest rate
Variable interest rate

Account summary

Account name

Triple Access Cash ISA - Issue 14 Effective from 11 August 2023

What is the interest rate?

Up to 3 withdrawals
Annual interest		Monthly interest
AER*	Gross**	AER*	Gross**
4.25%	4.25%	4.25%	4.17%

4 or more withdrawals
Annual interest		Monthly interest
AER*	Gross**	AER*	Gross**
1.50%	1.50%	1.50%	1.49%

When will you get the lower interest rate?
The lower interest rate will apply from your fourth withdrawal to the day before the anniversary of your account opening. From your anniversary your interest rate and withdrawals reset. So, you will have three more withdrawals before the rate reduces.

_{*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. If we increase the interest rate on your account, we’ll let you know as soon as possible, this can be after the new rate is effective. If we reduce the interest rate we’ll notify you 14 days ahead of the change. See the General Terms and Conditions for full details.

What would the estimated balance be based on a £1,000 deposit?

0 withdrawals
Deposit at account opening	Balance after 12 months
£1,000	£1,042.50

4 withdrawals
Deposit at account opening	Balance after 12 months
£1,000	£981.12

_{The example for 0 withdrawals assumes no further deposits or withdrawals are made. The example for 4 withdrawals assumes £10 a month is withdrawn on the 1st of the month for the first four months. (The higher interest rate will be applied until the fourth withdrawal, at which point the lower interest rate will be applied). Both examples assume the interest rates don’t vary and interest earned is paid to this account annually. The estimated balances are based on the annual gross interest rates.

These are for illustrative purposes only and do not take into account individual circumstances.}

How do I open and manage my account?

Online. Minimum opening deposit £1. 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, you can make up to three withdrawals from this account at the higher interest rate, four or more withdrawals will mean the rate will be lowered from the date of your fourth withdrawal until the day before the anniversary of your opening deposit. The interest rate and withdrawals will reset to the higher rate, applicable at the time, on the anniversary of your opening deposit. You’ll be able to make up to three withdrawals before the rate decreases to the lower rate, applicable at the time.

This is a Flexible ISA so any funds withdrawn will be added back to your ISA allowance. You then have the option of reinvesting this in another ISA within the same tax year, as long as you don't exceed your annual ISA allowance and subject to HMRC guidelines.

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 within 14 days of your opening deposit. Any ISA closed in this way won’t count as an ISA subscription.

We allow you to spread your ISA allowance across multiple ISAs. Subject to HMRC guidance and not, exceeding your annual ISA allowance.

Ready to apply?

What you will need

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

New customer?

Please read the account summary and terms & conditions before applying.

Apply online

Existing customer?

If you're already an online Paragon customer, you can simply log in to apply for this account.

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 frequently asked questions.

About your cash ISA

Deposits

Make your deposit by electronic bank transfer, cheque, from an existing Paragon account or by transferring existing ISAs. You can make unlimited deposits, just stay within the minimum and maximum balance, and your annual ISA allowance.

Withdrawals

You can make up to 3 withdrawals every 12months without impacting your interest rate, after your 4th withdrawal in 12 months your interest rate decreases until the anniversary of your opening deposit.

With Flexible ISAs and our ISA Wallet any amount you withdraw is added back to your annual ISA allowance for you to reinvest with us.

Nominated bank account

To help keep your savings safe, your Paragon accounts must be linked to a nominated bank account. This account must be a UK current account in your name, and we will only accept money from and send your savings to your nominated bank account.

Closing your ISA

If you change your mind, you have the right to close your ISA within 14 days of us receiving your opening deposit. If closed in this way it won’t count as an ISA subscription.

You can close your ISA by withdrawing all your savings, or it will be closed if it falls below the minimum required balance.

Paragon Bank PLC

Head office
Paragon
51 Homer Road
Solihull
West Midlands
B91 3QJ

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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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Triple Access Cash ISA

4.25%AER* (variable, up to 3 withdrawals)

New customer?

Existing customer?

Is this the best cash ISA for you?

Account summary

Ready to apply?

What you will need

New customer?

Existing customer?

Power of attorney

About your cash ISA

Deposits

Withdrawals

Nominated bank account

Closing your ISA