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 > savings

Paragon Bank has increased rates offered across its entire range of one, two, three and five-year fixed rate cash ISAs to offer more choice to savers looking for competitive tax-free options. 

CACI data analysed by Paragon Bank showed that the average savings balance now stands at a record £12,077 as savings balances have continued to grow throughout the pandemic. 

Paragon Bank is targeting a top-of-the-market position with its 1 Year Fixed Rate ISA after increasing the rate to 0.80%.

Paragon Bank is targeting top-of-the-market positions for its range of fixed rate cash ISAs after it increased rates across four of its products. 

CACI data analysed by Paragon Bank  showed that easy access non-ISA savings have grown their market share consistently throughout the last year, and now account for a record 60% of total savings.

Paragon Bank boosted rates available to savers in the cash ISA space by increasing the return offered across its one, three and five-year fixed rate ISAs.

Paragon Bank has launched two new entries to the easy access market as well as boosting the rate on its two-year fixed rate ISA. 

Paragon Bank has boosted the interest rates on its one, two three and five-year fixed rate ISAs.

Paragon Bank has boosted the interest rates on its one, two, three and five-year fixed rate bonds, in order to offer more options for savers looking for competitive fixed rate products.

CACI data analysed by Paragon Bank revealed the true cost of inertia, after it showed that nearly three quarters of easy access account balances are receiving well under the average easy access rate