Paragon Bank have won the Best Savings Provider for Existing Customers category at the Savings Champion Awards. Paragon Bank was also awarded Highly Commended in the Best Savings Provider, Best Online Savings Provider, Best Notice Account Provider and Best Monthly Income Provider categories.

The Savings Champion Awards acknowledge excellence in a wide range of savings categories, recognising banks and building societies that have consistently improved rates, provided excellent customer service and promoted competition in the savings market over the last 12 months.

Richard Doe, Paragon Bank Managing Director said:

We are delighted to have been recognised as the Best Savings Provider for Existing Customers at the Savings Champion Awards. This success shows that our constant efforts to offer competitive products to new and existing customers and excellent customer service are highly regarded by both our customers and industry experts.

Research conducted by Savings Champion also revealed that Paragon Bank has one of the most consistent rates for it’s Easy Access ISA. Rates were compared from 3 November 2017 till 26 October 2018 to find out which providers were the most consistent with their rates.

Tom Adams, Head of Research – Savings Champion said:

How existing customers are treated is a key measure in the savings market and the results can vary wildly between providers. In order to win this award, Paragon had to be competitive on its on-sale products - offering existing savers good deals to switch to if necessary.

Next it must pay a high average rate on its accounts and not have made extensive rate cuts to existing account holders. Finally, we also take into account independent ratings submitted by highly engaged savers that use our website.

Taking into account all of these factors, Paragon is a deserved winner of this important category.

All rates and statistics correct at the time of publish.