2 Year Fixed Rate ISA - Paragon Bank

2 Year Fixed Rate ISA

Paragon Bank
1.26 % AER
Headline Interest Rate
Fixed
For 24 months
FSCS
Compensation Scheme
£ 500 min initial deposit
£ 100,000 max balance
  • Open By:

About the account

Account Type: Fixed Term
Headline Interest Rate: 1.26 % AER
Headline Interest Balance: £ 500
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Transfers In: Transfers in are permitted within 30 days of account opening or within 15 days of the accounts first deposit.
Minimum Initial Deposit: £ 500
Date account was introduced: 26 May 2017

This account may be appropriate for you if

  • You haven't already opened a Cash ISA this year
  • Your are happy not accessing your money for 24 months
  • You are over 18 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£5001.26%1.26%1.26%

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: annually, monthly
Minimum Balance: £ 500
Maximum Balance: £ 100,000
Statement Frequency: on-line
Additional Deposits: Not allowed
Standing Orders: Not allowed

Withdrawals

Withdrawal Conditions: Withdrawals and closure are permitted subject to 180 days interest penalty.
Minimum Withdrawal: £ 1
Notice and Penalty Charge: Withdrawals are subject to 180 days loss of interest penalty.
Free Withdrawal Conditions: No free withdrawals are permitted.
Transferred on Maturity: At maturity, customers will have the option to re-invest into another account. otherwise the account will transfer to an Easy Access account.

Conditions

Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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