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Paragon Bank increases rate of Three Year Fixed Rate Savings Account to 2.37%

Customers can now apply for a Three Year Fixed Rate Savings Account with a new higher rate of 2.37% AER from Paragon bank.

The product is available from 21 September at 9:00am.

Richard Doe, Paragon Bank Managing Director, said:

Paragon Bank is once again offering a competitive alternative to savers looking to consider a new provider. Our rate increase will help our customers to save for their future.

Paragon Bank’s savings products are available online only and 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.

21 September 2018

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