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Access accounts explained

Access accounts can be a great way to build your savings pot, if you want the freedom to add to your savings whenever you want but still have access to your money.​

Whether you want to keep your savings within reach for a ‘rainy day’ or you're happy to limit your access in exchange for a higher rate, you can decide with our great range of access accounts.

Our Access accounts

Notice accounts

Defined Access accounts

Easy Access accounts

Savings Champion 2021
By continuing to provide a full range of consistently competitive deposit accounts and options via a straightforward and easy-to-use online system, the Paragon Bank is the deserved winner

Lee Tillcock - Editor I Moneyfacts​

This account makes it very easy for me to transfer money into my savings and back out again whenever I need to use it.

- Catherine Geddes

Paying into an access account

The opening payment into your access account will need to be made within 28 days of the date of your application, otherwise your account will be closed and you’ll need to re-apply.

You can make unlimited additional payments into your access account, as long as you don’t exceed the maximum balance allowed on the account.

ISA transfer rules

You can easily transfer your existing ISAs from other providers to Paragon.

To keep the tax-free ISA status on your savings, make sure you transfer your ISA through your provider and not through a withdrawal.

Personal Savings Allowance

Launched in 2016, the Personal Savings Allowance lets you earn a certain amount of tax free interest on your savings.

If you’re a basic rate taxpayer, you can earn up to £1,000 of tax-free interest. Or, as a higher rate taxpayer you can earn up to £500. But if you pay additional rate tax the personal savings allowance isn’t available to you.

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