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Apr 6, 2023 · The problem stems from them using HSBC as the intermediary clearing bank and you having to put Paragon Bank plc down as the payee rather than yourself (your account gets recognised by Paragon by the reference you put ...usually the application number when you've just opened a new account).
How do I transfer my money between Paragon accounts? You can make transfers between your Paragon accounts if they allow withdrawals and additional deposits, please check your product terms and conditions.
- What Is Paragon Bank?
- Where Does It Stand Out in The Savings Market?
- How Has Paragon Done So well?
- What Does The Future Hold For Paragon?
Paragon Bank is no raw start-up, being a subsidiary of the Paragon Banking Group, which is a FTSE 250 company based in Solihull in the West Midlands. Established in 1985, Paragon Banking Group has over £13billion of assets under management and manages over 450,000 customer accounts. It specialises in providing finance for landlords and is among the...
Paragon Bank launched its cash Isa products in 2016 and since then has become recognised as an industry leader. Last year it won the best cash Isa provider of the year at the Savings Champion awards. This year it won the best fixed rate cash Isa product of the year at the Moneynet awards. It is currently offering the best easy-access cash Isa deal ...
Sprawling puts Paragon's success not down to just its ability to keep rates competitive, but also its relentless pursuit of customer feedback. It receives roughly 1,000 customer survey results each month, which it uses to then plan changes to its site, service and products. 'From day one we have always listened to what our customers tell us through...
Paragon is hoping to attract customers away from the big banks by continuing to offer market leading rates and increasing its investment in digitisation. 'The big opportunity for challenger banks like us is to motivate savers with the big banks to move,' says Sprawling. 'We are investing in digitalisation to boost convenience to ensure that it will...
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Dec 6, 2022 · - British lender Paragon Banking on Tuesday posted a 16.4% rise in annual profit, helped by strong loan book growth and rise in net interest margins. Operating profit came in at 226 million...
Oct 26, 2023 · Paragon Bank has launched a new issue of its Double Access savings account with a market-leading 5.25 percent AER, earning an “excellent” Moneyfacts rating. The account can be opened with a...
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Looking for an easy access savings account? Save from £1 to £150,000. Top up your account regularly with no penalties when withdrawing your money and the option to receive your interest monthly or annually. With the added assurance of FSCS protection for up to £85,000, why not apply online today?
