Easy Access Savings Account

Grow your savings with our simple, straightforward easy access online savings account. With unlimited deposits and withdrawals, you can start saving from £1 - £500,000 and choose monthly or annual interest payments.

New customer?

Apply online

Existing customer?

Is this the best savings account for you?

Unlimited deposits or withdrawals without penalty or restrictions
Manage your account easily online

Variable interest rate
Choose monthly or annual interest payments

Account summary

Account name	Easy Access savings Account - Issue 12 Effective from 25 March 2022
What is the interest rate?	Annual: 0.50% Gross** / AER* Monthly: 0.50% Gross** / 0.50% 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?	£1,005.00 based on £1,000 over 12 months at 0.50% Example assumes you don’t make any further deposits or withdrawals, the interest rate does not vary and that interest earned is credited to your account annually. 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 £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, simply log into your account and follow the instructions on screen.
Additional information	Make your opening deposit by electronic bank transfer or cheque within 28 days of your application, or your Paragon account will be closed and you’ll need to complete a new application. All deposits must come from your nominated bank account which needs to be in the name of the savings account holder. You can make unlimited additional deposits, subject to account maximum balance.

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 savings account

Deposits and withdrawals

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

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 account

You can close your account 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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0.50%AER* (variable)

New customer?

Existing customer?

Is this the best savings account for you?

Account summary

Ready to apply?

What you will need

New customer?

Existing customer?

Power of attorney

About your savings account

Deposits and withdrawals

Nominated bank account

Closing your account