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Paragon launches 40 Day Notice savings account

  • 40 Day Notice account balances interest earnings with accessibility
  • Account pays 1.35% AER*
  • Choose to receive interest monthly or annually

Customers can now apply for a new 40 Day Notice savings account, allowing a balance between earning a competitive return on savings, whilst still being able to access them subject to 40 days’ notice.

The account, at 1.35% AER* (Annual Equivalent Rate), comes as an addition to Paragon’s well-established savings portfolio and sits alongside the already in-place 120 Day Notice savings account.

Accepting balances from £500 to £500,000, the account reflects the growing demand in the market for better rates, whilst still allowing a degree of accessibility.

Derek Sprawling, Savings Director at Paragon, said:

This new account allows savers to earn a competitive return on their cash without having to lock it away for the long term – perfect for those who may have some big expenditures on the horizon and need reassurance that they can still access their savings if they need, subject to 40 days’ notice.

The introduction of this account is another step in ensuring that Paragon offers a full suite of products, designed to meet the needs of savers.