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What is an Easy Access account?

Enjoy the freedom of restriction-free access to your savings and unlimited deposits whenever you want with our Easy Access accounts.

Why choose an Easy Access account?

If you want to build your savings with no hidden catches or nasty surprises and have complete access to your money, then an Easy Access account could be perfect for you.

There are no limits or restrictions on how many times you can add to or withdraw from our Easy Access account, so you can build your savings however you want and enjoy the comfort of knowing your money is within easy reach should you need it.

With the option to choose monthly or annual interest payments, you can open an Easy Access account with as little as £1 and save up to £500,000.

Your initial payment into your Easy 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 deposits into your Easy Access account, as long as you don’t exceed the maximum balance allowed on the account.

Our 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

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.

Access Cash ISAs

Our Access accounts are available as cash ISAs as well as savings accounts.

With a cash ISA the interest you earn is tax-free, both now and in the future.

Our ISA Wallet and Flexible ISAs allows you to spread your allowance across our range of cash ISAs. Any withdrawals are added back onto your allowance, so you won’t lose out on your tax-free savings.

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