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Nearly half of instant access savings accounts contain £500 or less, Paragon Bank analysis of the latest CACI data shows. 

Paragon Bank has increased rates across a range of fixed-rate ISAs, including a market leading one-year rate. 

Paragon Bank has increased rates across a range of savings products, including its popular Triple Access ISA and Triple Access Account. 

Instant access non-ISA saving accounts continued to dominate savings balances in December, accounting for 62% of the entire savings market, Paragon Bank analysis of the latest CACI data shows.

As we head into the final weeks of the current ISA season, Paragon Bank has increased rates across a range of fixed-rate ISAs. 

The increased cost of living is the main barrier for adults maintaining a savings goal, with those in the ‘squeezed middle’ age bracket hit the hardest, Paragon Bank research has found. 

Paragon Bank has increased rates across a number of its savings products, as well as launching an inaugural green savings fixed-rate bond aimed at helping improve the energy efficiency of UK homes. 

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

The saving market spiked to a record £986 billion in October 2021 following a static period during Summer and early Autumn, with the average savings balance now standing at £12,431. 

CACI data analysed by Paragon Bank  showed that the saving market has seen a small dip in value for the first time this year, although average savings balances have reached a new high.