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Paragon celebrates £4bn of deposits

Martin Greenland | 14:34 Tuesday 2nd January 2018

Paragon has announced that it has reached £4bn in customer deposits, as well as surpassing 120,000 savings accounts.

Since the launch of the bank's first accounts in 2014, Paragon has expanded its savings range to feature a comprehensive selection of savings accounts, including easy access, notice, fixed-rate accounts and cash Isas.

Roughly one in five of Paragon's savings accounts are cash Isas, with the remainder split between the other options.

Richard Doe, managing director of savings at Paragon (pictured above), said: “Our aim is to make saving as easy as possible for our customers, with a consistently competitive range of simple and straightforward online savings accounts.

“We remain committed to expanding competition and choice for customers as we continue on our journey to become one of the UK's most trusted savings providers.”

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