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With the ISA window drawing to a close, Paragon Bank has increased rates across a range of fixed-rate cash ISAs.

The amount of cash held in adult ISA accounts rose by nearly a fifth last year as savers took advantage of rising fixed-rate product pricing, Paragon Bank analysis shows.

The number of adult non-ISA savings accounts with balances large enough to incur tax on savings interest has tripled in the past year, according to new analysis from Paragon Bank.

Brits missed out on an estimated minimum of £6.9 billion in savings returns in 2023 by leaving their money languishing in current accounts that do not pay any interest.

Festive present buying for children, partners and wider family and friends is set to be cut this year as people rein in spending.

Nearly 2m new fixed and instant access adult savings accounts opened in the 12 months to August 2023 offered a rate of 1.5% or less, suggesting some savers still aren’t shopping around.

Paragon Bank has launched a new issue of its Double Access savings account, paying a market-leading 5.25% AER*.

One in five adults in the UK claim to have been a victim of financial fraud, with Generation X most likely to have handed over cash to a scammer, Paragon Bank research has found.

The amount of money held in fixed-rate savings accounts has nearly doubled over the past year as savers responded to rising interest rates, Paragon Bank analysis has revealed. 

Paragon Bank has today launched market-leading one and two-year fixed-rate ISAs, supporting savers who want to build tax-free balances.