Download N26 now for free
- Take control of your finances with one app
- Manage everything directly in the N26 app
- Set payment limits; change your PIN; lock and unlock your card
- Make no-fee transactions anywhere in the world
Paragon is an online-only bank. It offers UK customers a range of services, including savings accounts, mortgages and loans.
Founded in 1985, Paragon is one of the UK’s leading specialist lenders with over 1.5 million customers.
Could one of its savings options be the right fit for you? Here’s a review of the options.
Download N26 now for free
Before we get into the nitty gritty of Paragon’s saving options, you might want to know a little bit more about the bank.
Based in Solihull, Paragon is relatively young as banks go. While the Paragon group was formed in 1985, it only launched as a full bank in 2014. Like many new kids on the banking block, Paragon is online-only. So you have to apply for an account through its website.
If you’re interested in the numbers, Paragon’s savings deposits reached £3.6 billion in 2017. Paragon is a FTSE 250 company with over £12 billion in assets.
A cash ISA (individual savings account) is a savings account where you don’t pay tax on the interest you earn, and there’s an annual limit to the amount you can put into an ISA which is set by the government.
Easy access cash ISA
Fixed-rate cash ISA
Fixed-rate savings accounts
Notice savings accounts
Paragon offers online banking through its website, but does not have a dedicated mobile app.
Here are some of the basic features of Paragon’s online banking service:
Paragon is covered by the Financial Services Compensation Scheme (FSCS), so your deposits are covered for up to £85,000 with Paragon. Paragon is authorised by the Prudential Regulation authority and regulated by the PRA as well as the Financial Conduct Authority.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.