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1 Year Fixed Rate

0.55%AER*

Enjoy the comfort of a fixed term with the choice of monthly or annual interest payments. Start saving from £1,000 - £500,000.

New customer?

Apply online

Existing customer?

or

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

Apply by post

Is this the best savings account for you?

  • Know exactly how much interest you’ll earn on your savings
  • Choose monthly or annual interest payments
  • You can’t make withdrawals during your fixed term
  • Top up your account for 5 business days after your opening deposit
  • Manage your account easily online or by post

Account summary

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.

Apply by post

If online isn't for you, new and existing customers can open and manage this account by post.

Apply by post

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 additional deposits for five business days following your opening deposit. But no withdrawals can be made during the fixed term.

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.


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