Paragon has picked-up the Best Multi-Channel Savings Provider category at the 2020 Savings Champion Awards, recognising its postal application process and account access for selected products.

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 services and promoted competition in the savings market over the last 12 months.

Derek Sprawling, Director of Savings at Paragon, said:

"We are delighted to have been recognised as the Best Multi-Channel Savings provider at the Savings Champion Awards."

"This success shows that our constant efforts to offer competitive products tailored to meet the needs of our customers, are highly regarded by both our customers and industry experts."

...highly regarded by both our customers and industry experts

Tom Adams, Head of Research at Savings Champion, commented:

"With many of the top savings rates only available online, there is a lot to be said for a provider that is able to provide savers with more than one option when it comes to applying for and accessing their savings accounts."

... there is a lot to be said for a provider that is able to provide savers with more than one option

"There are still plenty of savers out there that prefer to apply via the post, for example, and the reason why Paragon won this award is that it was able to accommodate these valuable customers, while still paying competitive rates over the last 12 months."

Paragon Bank's savings products are available online and all fixed rate products also offer the option to be opened and managed by post. Eligible deposits are protected by the Financial Services Compensation Scheme up to a maximum of £85,000.