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Paragon Bank’s combined deposits top £3bn mark

Jordan Williams | 15:16 Wednesday 19th July 2017

Paragon Bank has welcomed its 100,000th customer and recorded combined deposits of £3bn

Paragon Bank has welcomed its 100,000th customer and recorded combined deposits of £3bn.

Surveys have revealed that 93% of Paragon Bank customers said the process of opening an account with the bank was either “good” or “very good”.

Some 87% of customers agreed that they would consider opening another savings account with Paragon, while 91% of customers said they invested with the bank due to competitive interest rates.

Richard Doe, managing director of Paragon Bank (pictured above), said: “Having launched just over three years ago, these milestones represent excellent growth for Paragon Bank.

“Our relentless focus on delivering simple, straightforward products and great service has been behind this and has injected some real competition into the market.

“We would like to thank all of our customers for making this growth possible and look forward to keeping competition alive in the savings market over coming months and years.”

Early this month, Paragon refreshed its Isa range by offering best buy products to customers who want to save for either one or five years.

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