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What is a Notice account?

If you’re looking to open a savings account where you can enjoy the freedom to add to your savings whenever you want, and you’re happy to give notice to access your money in exchange for a higher interest rate, then our Notice Account could be perfect for you.

Why choose a Notice account?

With a notice account you can grow your savings starting from as little as £500 and choose monthly or annual interest payments. You’ll have the flexibility to make unlimited deposits up to £500,000 which is the maximum balance on this account.

Making withdrawals is easy too, simply let us know and once the notice period on your account ends, your money will be transferred to your nominated bank account.

Your initial payment into your Notice 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.

Our Notice accounts

Moneycomms Top Performer 2022
Whether it's easy access or fixed rates, standard savings accounts or a Cash ISA, Paragon Bank has been a consistently strong performer across a wide range of savings product types, featuring heavily in the best buys over the last 12 months.

Andrew Hagger | Personal Finance Commentator and Founder of MoneyComms

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

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