Paragon launches new Notice ISA

Paragon is kickstarting 2020 by further expanding its savings range, introducing a Notice Cash ISA for savers.

The new Notice ISA at 1.31 per cent AER (Annual Equivalent Rate) is aimed at those who are happy to lock their savings away for a period and who may not need immediate access to their cash.  

Derek Sprawling, Savings Director at Paragon, says: “The addition of this Notice ISA further bolsters the extensive range Paragon offers. Throughout our savings range we aim to give people more choice and consistently competitive rates to help them achieve their savings goals.

 

“We grew our savings deposits by 20 per cent last year, so savers are clearly attracted to our range and service offering. We look forward to introducing more innovative products and services in 2020.”

 

The account comes as an addition to an already well-established range of savings products offered by Paragon, with 2019 seeing several new products launched, including the Lifetime ISA and a 40-Day Notice account.

 

Paragon Bank’s savings products are available online and can also be opened and managed by post. Eligible deposits are protected by the Financial Services Compensation Scheme up to a maximum of GBP85,000.