Paragon Bank has launched its Triple Access ISA account, which is paying a rate of 0.65% AER variable.
The new ISA will be available to both new and existing customers from today.
Paragon’s new Triple Access ISA aims to increase the range of competitive options available for savers in this category. The account is offering a variable rate and is available to open and manage online.
The new addition complements Paragon’s range of fixed rate ISAs. With Triple Access, savers can make up to three withdrawals a year without it impacting the interest rate, which will reduce to 0.25% after the third withdrawal.
Derek Sprawling, savings director at Paragon Bank, said:
“Paragon has been supporting UK savers with consistently competitive products in the cash ISA space, and our current product offering is highly competitive across both access and fixed rate products.
“We know that November is a busy month for fixed rate ISAs coming to an end and we want to make sure that we’re in the best position possible to encourage those considering their options to come to Paragon.”
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