Savings rates: Paragon Bank boosts interest across its entire range - you could earn 1.3%
Savings rates remain low at the moment as the Bank of England keeps the base rate at all time lows and retail banks have little room to maneuver. However, today Paragon Bank announced it has boosted interest rates across its entire range of fixed rate bonds including its one, two, three and five year products.
He said: “We always strive to offer our customers the most competitive rates we can and have done this consistently, providing choice for savers in both the fixed rate and access space.
“It’s easy for people looking for a competitive deal to open and manage an account with Paragon and they can choose to apply online, by telephone or by post.
“Our 28-day rate guarantee ensures that any customers part way through the application process already, or with an imminent maturity with us, will also benefit from our new rates automatically.”
On top of these increases, Moneyfacts.co.uk released its “Pick of the Week” today, which listed the best savings deals available on the market at the moment.
