Paragon Bank has reviewed its savings range and increased the rate on its one-year bond by an impressive 0.15%, easily entering the top ten for its sector.
Paying 1.75% from a minimum investment of £1,000, Paragon's One Year Fixed Rate internet-operated account offers a competitive choice.
As is common in the fixed market, earlier access and further additions are not allowed, so savers will need to be comfortable locking their initial investment away for the term.
Paragon's review sees its fixed rate bond storm into the one-year market, with its competitive rate making it a Moneyfacts best buy.
Four Moneyfacts Stars have been awarded.
Find the best savings rate.
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