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Paragon improves easy access account and ISA

Paragon improves easy access account and ISA

Category: Savings
Date: 23/03/2018

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Paragon Bank has changed the issue numbers and increased the rates on its easy access saver and ISA equivalent by an impressive 0.75%. As a result, they both take up competitive positions in their respective Best Buy charts, and also earn a high rating.

The basics…

The Easy Access (Issue 4) and Easy Access Cash ISA (Issue 3) now both boast a variable rate of 1.25%, paid on their anniversary. Versions of the accounts which pay a slightly reduced rate on a monthly basis are also available.

The finer details…

These online-only accounts require a minimum investment of £1. They allow additions and withdrawals without notice via a nominated account, while the ISA also allows transfers in from cash and stocks & shares ISAs, as well as transfers out.

Why we like them…

The competitive rates on these accounts mean they are both attractive options for those who don't want to lose access to their money, which is why they've certainly earned their places in the Best Buys and high rating. With both boasting the same rate, it's up to you to decide whether you'd rather have an ISA or non-ISA emergency pot.

Moneyfacts rating: Excellent

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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