Paragon Bank plc

United KingdomUnited Kingdom(AA)

Deposit amount: Min. £1,000 – Max. £85,000

Protection limit: Up to £85,000 payout in GBP

logo of Paragon Bank plc

Account information

Show all offers

Click on the offer to see more information about each product

Rate
Duration
Deposit Guarantee
Product Type

Rate

2.00% AER

Duration

Easy access

Deposit Guarantee

£85,000

Deposit Guarantee logo

Product Type

Easy access
Easy access
Order Now

Rate

4.30% AER

Duration

1 year

Deposit Guarantee

£85,000

Deposit Guarantee logo

Product Type

Fixed Term
Fixed Term
Order Now

Rate

3.85% AER

Duration

2 years

Deposit Guarantee

£85,000

Deposit Guarantee logo

Product Type

Fixed Term
Fixed Term
Order Now

Bank Details

Paragon Bank PLC is a subsidiary of the Paragon Banking group PLC which is a FTSE 250 company based in Solihull in the West Midlands. Established in 1985, Paragon Banking Group PLC has over £13 billion assets under management and manages over 450,000 customer accounts.

Security & Deposit Protection

The FSCS is the United Kingdom's statutory deposit guarantee scheme that covers deposits in individual savings accounts up to £85,000, per banking group regulated by the Financial Conduct Authority or the Prudential Regulation Authority. It is available for deposits with most UK high-street and online banks and means if the bank fails, and deposits become unavailable, the scheme may cover your deposit account deposit up to the £85,000 per person, per banking group limit. Compensation limits are per person per firm, not per deposit. Be aware that if you have other deposits with this bank (or banking group) then the £85,000 protection applies only to eligible deposits up to this limit.

Who is Raisin?

We are the UK savings marketplace for Raisin, one of Europe’s most successful technology-led financial services companies. We connect you with a range of banks and building societies offering deposit-protected savings accounts with competitive interest rates, making it easier for you to grow your money. Using our savings marketplace is simple. By registering for a Raisin UK Account, you'll only ever need to fill in one application form. Then you can browse, apply for and fund a range of savings accounts, and manage everything under one roof. No paperwork or endless passwords to remember - just a free, easy way to grow your savings.