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Why choose a notice account?

Don’t need instant access to your savings? Then a notice account is a great way to save without tying your money away long term.

Build your savings while earning more interest than with an easy access account. Make unlimited deposits into your Paragon notice account and give the required notice to access your money in exchange for more interest on your savings.

You can still spend the interest by choosing to have it paid monthly or annually into your nominated bank account rather than into your Paragon notice savings account.

Your interest rate is variable, so can change with time.

Making deposits and withdrawals

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.

Make unlimited deposits and withdrawals from your Paragon notice account, just give the required notice to access your funds. Subject to your account minimum and maximum balance.

Notice accounts

View our competitively priced Notice accounts currently available

40 Day account 1.35%
AER*
Apply
120 Day account 1.45%
AER*
Apply
120 Day Notice ISA 1.31%
AER*
Apply

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

Notice accounts interest rates

This is a variable rate account where the interest rate may change. We will always contact you 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 notice savings accounts
It’s been easy to open and manage online, the service has been responsive and the support staff open and willing to help

- Jeremy Cottrill

What else should you know?

Making payments

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

You can make unlimited deposits into your notice account Paragon, subject to not exceeding your maximum balance.

Withdrawals

You can make unlimited withdrawals from your Paragon notice account, subject to the require notice being given and not falling below your minimum balance.​

Nominated bank account

When you open your account via our online application process, 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 lets you earn a certain amount of tax free interest on your savings. Lower rate tax payers can earn up to £1,000 of tax free interest, high rate tax payers can earn up to £500 of interest. If you earn more than £150,000 the personal savings allowance isn’t available to you.

Documents

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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