1 Year Fixed Rate

1.92%AER*

  • Know how much interest you will earn
  • Monthly or annual interest
  • Save from £1,000 up to £100,000
Savings account summary1 Year Fixed Rate
Account name 1 Year Fixed Rate savings account
What is the interest rate? Annual: 1.92% Gross** / AER*
Monthly: 1.90% Gross** / 1.92% AER*
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded on an annual basis.
** Gross is the rate of interest payable before any income tax is deducted.
Interest will be paid monthly on the day of the month you first paid into your account or annually on the anniversary of making your opening deposit.
Can Paragon Bank change the interest rate? No. The interest rate is fixed for the fixed term.
What would the estimated balance be after 12 months based on a £1,000 deposit? £1,019.20 based on £1,000 over 12 months at 1.92%

This is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account? Online. Minimum balance £1,000 up to a maximum of £100,000 (plus any resulting interest). Account holders must be aged 18 or over and a UK resident for tax purposes.
Can I withdraw money? You cannot make withdrawals during the fixed term. We will write to you before your fixed term ends to give you instructions on what to do next.
Additional information You have up to 30 days from the date of your application to make your opening deposit.

Provided you make your opening deposit within 14 calendar days of your application we’ll guarantee the interest rate shown when we received your application or, if higher, the rate on our website at the time you make your opening deposit.

If rates change after 14 calendar days and you haven’t made your opening deposit, we’ll pay the rate advertised on the day we receive your deposit.

All deposits must be made from your nominated bank account. This account must be in the name(s) of both or either account holder.
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Why choose this savings account?

  • Know how much interest you will earn
  • Monthly or annual interest
  • Save from £1,000 up to £100,000

Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551