The award-winning ISA provider has re-issued its Triple Access ISA account, which is paying a rate of 0.40%, in order to increase ISA options available to savers ahead of the end of the tax year.

Paragon Bank is launching the Triple Access ISA from today, 5th February 2021. The account is offering a variable rate and is available to open and manage online.

Savers can make up to three withdrawals a year without it impacting the interest rate[1], which means the account is a good choice for people who see long term value in tax-free savings but want the flexibility of accessing funds if they need to.

The Triple Access ISA is also eligible for Paragon’s ISA Flexibility and ISA Wallet features. These features were launched last year to help savers make the most of their tax-free savings allowance.

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. Meanwhile, the Flexibility feature allows cash to be withdrawn and replaced from our access cash ISAs without savers using their tax-free entitlement and comes as an additional feature to Paragon’s current access cash ISA products.

In recent months, Paragon Bank has picked up three industry awards for its ISA portfolio, including the ‘ISA Provider of the Year’ prize at the Money Age Awards 2020, ‘Best Cash ISA Provider’ at the Savings Champion Awards 2021 and ‘Highly Commended’ ISA Provider of the Year at the 2021 Moneyfacts Consumer Awards.

Derek Sprawling, Savings Director at Paragon Bank, said:

“The end of the tax-year is fast approaching and the backdrop to ‘ISA Season’ is very different to last year. For savers who are yet to use up their tax-free savings allowance or preparing for their annual review of their cash ISA, now is a good time to look at options for your money. We want to be one of them.

“Choosing one of our ‘ISA Wallet’ accounts gives savers the option to split their allowance across a number of our products, which is a great option for people wanting to use some of their ISA allowance as a ‘rainy day’ fund while locking the rest away in a fixed rate.

“We offer a broad range of saving products to suit all requirements that are straightforward to open and manage, and we will continue to look at ways we can innovate to offer great saving solutions for our customers.”

 For further information about this release, contact:

Leila Taleb

Media Relations Manager

[email protected]