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Paragon Bank launches market-leading ISA as part of its latest Triple Access range 

Paragon Bank has relaunched its Triple Access ISA and Triple Access Account, both paying a competitive rate of 0.65% AER variable.

The Triple Access ISA leads the market on rate for easy access ISA deals. The accounts will be available to both new and existing customers from today, Friday 11 February.

Paragon’s Triple Access Account allows savers to make up to three withdrawals a year without it impacting the interest rate, which will reduce to 0.25% after the third withdrawal. The account is offering a variable rate and is available to open and manage online.

This means that the account is a good choice for people who are looking to save for the medium to long-term but want the flexibility of accessing funds if they need to, or if they are looking to earn interest on their emergency fund.

Derek Sprawling, savings director at Paragon Bank, said:

“We have launched a competitive access product in both an ISA and non-Isa form because we wanted to continue our support for the ISA segment for savers that are looking to put money aside for the medium to long-term, while also having the option to top up their balance in the next tax year.

“We see ISAs as an important part of a portfolio of savings and provide competitive pricing for access and fixed term products. Our ISA Wrapper and Flexible ISA features mean that our ISA range can help those customers looking to create a portfolio of cash ISAs to meet their individual circumstances.”

Paragon Bank operates a 28-day rate guarantee, which ensures that any customers part way through the application process will benefit from the new rates automatically.

For further information contact:

Michael Clarke
Head of Media Relations
Paragon Bank

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 and regulated 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.