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Paragon Bank increases Triple Access ISA with a market-leading rate

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Paragon Bank has relaunched its Triple Access ISA at a market-leading 1.20% AER, further enhancing its competitive ISA range and features.

Paragon’s Triple Access ISA enables savers to make three withdrawals within a 12-month period without affecting their interest rate. Should a fourth withdrawal be made the interest rate reduces to 0.25% AER. Savers can easily manage their account online and without any restrictions or penalties they can make unlimited deposits up to the annual ISA allowance of £20,000.

The Triple Access ISA product is available in Paragon’s ISA Wallet which can help those customers looking to create a portfolio of cash ISAs to meet their individual circumstances. The ISA Wallet allows savers to spread their £20,000 annual ISA allowance with Paragon across multiple cash ISAs, rather than just open one specific account.

Paragon’s Triple Access ISA and full range of fixed rate savings products can be found here.

Derek Sprawling, Savings Director at Paragon Bank, said:

“We are keen to support savers and we are therefore pleased to relaunch our Triple Access ISA with a market-leading rate, building on our already competitive ISA range and features. We see ISAs as an important part to a portfolio of savings, which is conveniently created through our ISA Wrapper and features within our Flexible ISA.”

He added: “It’s important at Paragon we provide our customers with valuable return on their savings and continue to support the cash ISA segment, an important tool for proactive savers.”

For further information contact:

Annette Coyle
Media Relations Executive
Paragon Bank
0345 849 4003

www.paragonbank.co.uk

Notes to editors:

Paragon Bank PLC a subsidiary of the Paragon Banking Group PLC which is a FTSE 250 company based in Solihull in the West Midlands. Established in 1985, Paragon Banking Group PLC has over £13 billion of assets under management and manages over 450,000 customer accounts.

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