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Personal savings accounts

Choose the best savings account for you from our range of fixed rate accounts, cash ISAs, notice and easy access accounts.
We’re proud to offer consistently competitive rates, in our range of savings accounts and cash ISAs.

1 Lifetime ISA available

(1) Lifetime ISA

Lifetime ISA

Lifetime ISA

0.75%

  • Online

How a Lifetime ISA works

Our Lifetime ISA (LISA) is a cash ISA, ideal for savers planning to buy their first home or saving for retirement.

The 25% government withdrawal charge will apply if you withdraw your funds for any reason other​ than to purchase your first home or for your retirement, after the age of 60.

To purchase your first home, you must have made your opening deposit into a LISA at least 12 months before your withdrawal or the 25% government withdrawal charge will apply.

The LISA 25% government bonus

One of the things that makes a LISA different to other types of ISAs is that your deposits into a LISA are topped up by the government with a 25% bonus, on top of the interest you’ll earn from your LISA provider.

You can deposit a maximum of £4,000 a year in your LISA, and the government will top that up with a maximum of £1,000.

So, if you max out your LISA every year between 18 and 50 you could earn up to​ £32,000 in government bonus alone.

The transfer was much quicker than anticipated...The account was easy-to-set up and the system is easy-to-use

- Greg Haycock

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