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Paragon Bank refreshes Isa range

Martin Greenland | 16:29 Thursday 6th July 2017

Paragon Bank has refreshed its Isa range by offering best buy products to customers who want to save for either one or five years.

p>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).

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