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Paragon launches new Notice ISA

Paragon is kickstarting 2020 by further expanding its savings range, introducing a Notice Cash ISA for savers.

The new Notice ISA at 1.31% AER* (Annual Equivalent Rate) is perfect for those who are happy to lock their savings away for a period and who may not need immediate access to their cash. 

Derek Sprawling, Savings Director at Paragon said:
“The addition of this Notice ISA further bolsters the extensive range Paragon offers. Throughout our savings range we aim to give people more choice and consistently competitive rates to help them achieve their savings goals.”

We grew our savings deposits by 20% last year, so savers are clearly attracted to our range and service offering.

"We look forward to introducing more innovative products and services in 2020."

The account comes as an addition to an already well-established range of savings products offered by Paragon, with 2019 seeing several new products launched, including the Lifetime ISA and a 40-Day Notice account.

Paragon Bank’s savings products are available online and some also offer the option to be opened and managed by post. Eligible deposits are protected by the Financial Services Compensation Scheme up to a maximum of £85,000.

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

Paragon Banking Group PLC.  Registered in England number 2336032.  Registered office 51 Homer Road, Solihull, West Midlands  B91 3QJ.