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About us

At Paragon Bank PLC, we are proud to be a specialist lender and savings bank offering a range of products and services in the UK.

Our purpose is to support the ambitions of the people and the businesses of the UK by delivering specialist financial services.

Founded in 1985, we have a long and successful history and are part of the FTSE 250.

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£13.4 billion

of loans under management

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1.5 million+

customer accounts serviced

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1,400+

employees

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£9 billion+

of savings deposits

Excellent service straightforward and easy to complete online

Savings customer

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Our board

Our experienced Board and Executive Committee set the strategy and guide the business forward.

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Our values

Eight core values underpin the way we do business and how we interact with our customers and each other.

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Our awards

We're proud to have been shortlisted and winners of a number of industry and consumer awards.

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View savings accounts

To choose the best savings account to suit your needs, browse our competitive range. From fixed rate and easy access to tax-free cash ISAs and notice accounts, you are fully FSCS protected for deposits up to £85,000. Compare our rates and find the right account for you.

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Supporting communities

We’re an active partner in the local community. Our commitment includes involvement in a range of community volunteering and charity partnerships.

Employee volunteer scheme

Through our community volunteer scheme, every Paragon employee can take a day out each year to volunteer for specific initiatives that help with education and tackle poverty.

We focus our efforts on supporting projects which:

  • educate school pupils to avoid them getting into poverty
  • support individuals currently experiencing poverty
  • help individuals to get out of poverty and back into work

We work alongside Business in The Community to target schemes in need of assistance.

Charity partners

Charitable donations offer us another opportunity to show our support to community partners.

During 2021, we made a range of donations, including:

  • £45,000+ to the Alzheimer’s Society, our Charity of the Year chosen by employees
  • £39,000+ to local charities, including schools, sports clubs, hospitals and hospices ​

In common with other financial services organisations, Paragon also contributes to the Foundation for Credit Counselling which operates the StepChange Debt Charity. In 2021, we contributed £912,000.

Our heritage

  1. Moneynet Award

    Savings win Best Fixed Rate Cash ISA Provider at Moneynet

    Platinum Investors in People

    Paragon awarded Platinum Investors in People (IiP) status

  2. Moneyfacts Award

    Savings win Best Internet Account Provider at Moneyfacts awards

    Savings Champion Award

    Savings win Best Cash ISA Provider at Savings Champion awards

    Leasing World Award

    Asset Finance win SME Specialist of the Year at Leasing World awards

  3. Moneynet Award

    Savings win Best Monthly Interest Savings Provider at The Moneynet Awards

    Your Money Award

    Mortgages win Best Buy-to-let Portfolio Mortgage Lender at Your Money Awards

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    • Savings win ISA Provider of the Year at MoneyAge Awards
    • Savings win Best Multi-Channel Savings Provider at Savings Champion awards
  4. Your Money Award

    Savings win Best Online Cash ISA Provider at The YourMoney.com Awards

    MoneyFacts Award

    Savings win Online Savings Provider of the Year at the Moneyfacts Consumer Awards

    Moneynet Award

    Savings win Best Monthly Interest Provider at the Moneynet Awards

    Shaking Hands
    • Savings deposits exceed £6 billion
    • Specialist landlords account for almost 90% of all new buy-to-let lending
    • Commercial Lending portfolio increased by 28.1%
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    • Asset Finance wins Best Specialist Finance Solutions Provider at the SME News Magazine's Legal Awards
    • Best Savings Provider for Existing Customers at the Savings Champion Awards
  5. Leasing World Award

    Asset Finance wins SME Specialist Award at The Leasing World Awards

    Shaking Hands
    • Launched mortgages for expat landlords and holiday lets
    • Savings deposits reach £5 billion
    • Fiona Clutterbuck appointed as Chairman
    • Acquired development finance firm Titlestone, growing the Commercial Lending division
    Award Icon
    • Savings wins Best Monthly Interest Provider at the Moneynet awards
    • Savings wins Best Long Term Fixed Rate Cash ISA Provider at the Savings Champion Awards
  6. Light Aircraft

    Launched our first Aviation finance products, growing the Commercial Lending division

    Handshake

    Acquired legal finance firm Iceberg, growing the Commercial Lending division

  7. Living Wage Employer

    Became an accredited Living Wage employer

    Shaking Hands

    Acquired brokers Premier Asset Finance, growing the Commercial Lending division

    Award Icon

    Savings wins Best Savings Provider for Existing Customers at the Savings Champion Awards

    Women in Finance

    Signed up to the HM Treasury's Women in Finance Charter

  8. Award Icon

    Savings wins Best New Savings Provider at the Moneynet Awards

    Handshake

    Acquired asset finance business Five Arrows Leasing Group, growing the Commercial Lending division

  9. Safe icon

    Launched our Savings division with our first savings account under the Paragon Bank branding

    Investors in People

    Received Champion status from Investors in People as accredited pioneers in people management

    Investors in People

    Launched our Motor finance products, the first product under the Paragon Bank branding

  10. House icon

    Launched a range of fixed and tracker rate buy-to-let products, growing our Mortgages division

  11. User icon

    Bob Dench appointed as Chairman

  12. Handshake icon

    Acquired Britannic Money, rebranding it as the Mortgage Trust

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    Acquired Universal Credit, expanding our activities in the consumer finance market

  14. Investors in People

    Awarded Investors in People accreditation

  15. User icon

    Nigel Terrington appointed as Chief Executive

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    Jon Perry appointed as Chairman

  17. Stock icon

    Joined London Stock exchange and became FTSE 250 listed

  18. House icon

    Launched our first mortgage product

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