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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. Loading. Loading. Paragon is a UK based bank offering competitive rates for savings and cash ISA accounts. Our portfolio includes mortgages, loans, business and asset finance.
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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.
- How Does The FSCS Work?
- Which of The Big Banks Are Linked?
- What About When I Receive A Large Sum of Money?
- What Happens If My Bank Fails?
- Full List of Banks and Owners
The Financial Services Compensation Scheme is a free and independent service that covers any bank of building society authorised by the Prudential Regulation Authority (PRA). This service is funded by the financial services industry and offers a guaranteed compensation limit in the event that an organisation fails. Customers don’t have endless cove...
Things get a little more confused because there are some banks that are part of a much wider banking group, but that have separate deposit licenses. The main example is the Lloyds Banking Group, which consists of Lloyds Bank, Halifax and Bank of Scotland among others. Yet within these group banks, Lloyds Bank PLC and Bank of Scotland PLC (which inc...
There are times in your life when you may receive a huge sum of money, and the bank failing at the wrong moment could seriously mess up your finances. For that reason, the £85,000 limit for FSCS is extended to £1 million in the following specific circumstances: 1. When you’re in the process of buying or selling a house, and the funds are being tran...
If your bank fails, the FSCS aims to pay you the compensation you are due within 15 days at most – although most claims for banks or building societiesare settled within 7 days. You won’t need to make a claim – the money is paid to you automatically. If it’s an insurance company that has failed though, rather than a bank or building society, the FS...
Here’s a full list of which banks are independent and which are ‘owned’ by another bank or plc. A couple of important points to make – where we say ‘independent’ we are talking only in a UK sense. These organisations might be part of a wider global group that isn’t covered by the FSCS. Also, when we say “owns” we refer to which organisation is the ...
You can manage your postal account by writing to us and including your username and account number. Or you can find documents to complete and return to us on our documents page. Send your completed documents to: RTEX-LLUT-KKKE (freepost), Paragon, PO Box 850, Wallsend NE28 5BJ. You can also call us on 0800 052 2222 to speak to a member of our ...
Poor savings rates as usual from Paragon. Never as high as other providers and first to drop. Try Hodge or Shawbrook for better rates. My defined access account is earning a lower rate than advertised - disappointing. Date of experience: 10 October 2024. Useful. Share. Read 3 more reviews about Paragon Bank. EC.
The Paragon Banking Group PLC is one of the United Kingdom's largest providers of mortgages, savings accounts, and business finance. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index .
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Apr 9, 2016 · The Paragon Bank story …launched in 2014, Paragon Bank is a savings-focused bank based in Solihull. Although a relatively new name to many, it’s part of the Paragon Group of Companies, a FTSE 250 company which was founded in 1985, has over 1,000 employees, and provides other products like Car Finance and Buy-to-Let Mortgages.
