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Why choose an easy access account?

Build your savings up without any hidden catches or nasty surprises. Our easy access accounts are ideal if you want to save, still have access to your money and be able to make unlimited deposits.

Making deposits into your easy access account

You have up to 28 days from the date of your application to make your opening deposit after 28 days the account will be closed, and you’ll need to reapply.

You can make unlimited additional deposits into your easy access account, as long as you don’t exceed the maximum balance on your account. Subject to your account minimum and maximum balance.

Current Easy Access Accounts

View our competitively priced Easy access accounts currently available

Easy Access 0.50%
Easy Access ISA 0.50%

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded on an annual basis.

Easy access interest rates

The interest rate on this type of account is variable, so interest can change over time. We will always let you know about any changes.

Personal savings allowance

The Personal Savings Allowance allows you to earn tax-free interest on your savings. Remember this is a government scheme and can change.

There are limits depending on your tax banding. You can earn £1,000 of tax-free interest per tax year if you’re a lower rate tax payer, and £500 of tax-free interest for higher rate tax payers. If you earn more than £150,000 the Personal Savings Allowance doesn’t apply.

View easy access accounts
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

What else should you know?

Making deposits

Once you’ve opened an account, you can make your opening deposit and add to your savings at any time.


Yes you choose when you want to access your money.

Nominated bank account

When you open your account, you will be asked to enter the details of your nominated bank account. This is the account that you will need to make your deposits to and withdrawals from.

Online account

The account is operated online, giving you the flexibility to check your balance and print statements around the clock.

Personal savings allowance

Launched in 2016, the personal savings allowance allows you to earn interest on your savings tax-free. There are limits depending on your tax banding. Currently £1,000 for lower rate tax payers, £500 for higher rate but if you earn more than £150,000 the personal savings allowance doesn’t apply.

ISA allowance

Our range of cash ISAs allow you to make use of your ISA allowance and transfer any previous ISAs you may already hold. Any deposit you make into a cash ISA, will earn tax free interest. This is in addition to your Personal Savings Allowance. With our Easy Access Cash ISAs, you can access your money with not restrictions. Start a new ISA subscription up to the ISA allowance and transfer your previous years ISAs.​


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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