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.
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
You can close the account 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