Deposits and withdrawals
Make your deposit by electronic bank transfer, cheque, from an existing Paragon account. You can make unlimited deposits just stay within the minimum and maximum balance of your account. Make up to 3 withdrawals every 12months without impacting your interest rate, after your 4th withdrawal in 12 months your interest rate decreases until the anniversary of your opening deposit.
Nominated bank account
To help keep your savings safe, your Paragon accounts must be linked to a nominated bank account. This account must be a UK current account in your name, and we will only accept money from and send your savings to your nominated bank account.
Closing your account
You can close your account by withdrawing all your savings, or it will be closed if it falls below the minimum required balance.