Paragon Bank has refreshed its Isa range by offering best buy products to customers who want to save for either one or five years.
The one-year fixed Isa has been refreshed with an interest rate of 1.20% AER, while the five-year fixed Isa offers 1.95% AER.
Both products are available on transfers and deposits between £500 up to £100,000 and offer customers the option of whether they want to receive their interest on a monthly or annual basis.
Paragon Bank’s savings products are available online only and eligible deposits are protected by the Financial Services Compensation Scheme up to a maximum of £85,000.
Richard Doe, managing director at Paragon Bank (pictured above), said: “Paragon Bank is consistently refreshing its products to remain competitive in the market.
“Our refreshed one- and five-year fixed rate cash Isas adds to our already comprehensive range of savings products giving savers more choice than ever.”
The new savings products from Paragon Bank are available online from tomorrow (7th July).
Hampshire Trust Bank appoints new chairman
Hampshire Trust Bank has announced the appointment of Robert Sharpe as its new chairman, subject to regulatory approval...
Metro Bank confirms director of commercial real estate departure
Metro Bank has confirmed that its director of commercial real estate Andy Hallett has stepped down from his position...
Revolut introduces exclusive offers
Revolut has added a new feature to display exclusive offers from high street brands and start-ups on its mobile app...
Revolut set to offer cryptocurrencies
Revolut has announced that it is soon to release phase one of its cryptocurrency offering to its customers...
Redwood Bank moves into new head office
Redwood Bank has announced that it has moved into its new head office in Hertfordshire...
Paragon Group of Companies to become Paragon Banking Group
The Paragon Group of Companies has announced a strategic reorganisation, which it hopes will accelerate its transformation into a diversified specialist banking institution...
CivilisedBank appoints new CEO
CivilisedBank has appointed Philip Acton as its new CEO to lead the bank through its build phase towards launch in early 2018...
Are new banks attracting the older community?
New banks are not yet doing enough to target older customers, according to one mobile bank...
Fintech company to receive €30m from EIB
The European Investment Bank (EIB) will be providing Swedish fintech company iZettle with €30m in debt funding over the next three years..