Over half of savings deposits are held in non-ISA instant access accounts offering less than 0.25% interest, new Paragon Bank analysis has found.

Paragon Bank is pleased to announce new, increased rates for both its Fixed Rate ISAs and Fixed Rate Savings accounts.

Paragon Bank has announced increases to its range of Fixed Rate ISAs, with the new rates available from today, Friday 7 October. 

Paragon Bank has further enhanced its range of Fixed Rate Savings Accounts with newly announced increases to rates available from today, Friday 30 September. 

Over £460 billion in UK savings deposits is sitting in Instant Access non-ISA accounts offering only 0.5% interest or less, new Paragon analysis of CACI data has found.

Savers with a non-ISA account could be losing out on tax savings by keeping their cash outside of the tax-free wrapper as interest rates rise, analysis by Paragon Bank has found.

UK savings growth fell in June by almost 70% compared to 2021, new analysis by Paragon Bank has found. 

Paragon Bank has relaunched its Triple Access ISA at a market-leading 1.65% AER, further enhancing its competitive ISA range and features.

Savers are cutting down on both essentials and entertainment, new research has found - with four out of five intentionally using less energy to save money. 

Nearly one in 10 retirees have returned to the workforce or are considering doing so as the cost-of-living crisis bites.