Paragon Bank has reached the £10 billion customer savings deposits milestone, eight years after launching its first savings account.

Savers should take advantage of ISAs, make sure their savings attempts to keep up with inflation, and plan for their future finds new research into what older savers would advise younger generations. 

Over £82 billion moved from non-ISA instant access accounts offering interest rates of less than 0.1%, finds research by Paragon Bank of the latest CACI data.

In his latest market update, Paragon Bank Savings Director, Derek Sprawling, provides his thoughts on how cash ISAs could soon close the gap on equities.

Nearly 40% of savers are financially supporting members of their family due to the cost-of-living crisis, new research conducted by Paragon Bank has found. 

Nearly a third of people aged over 55 feel their home is too big, too small, or won’t be the right size for them as they age, research from Paragon Bank has revealed.

Paragon Bank has relaunched its Triple Access ISA at a market-leading 1.20% AER, further enhancing its competitive ISA range and features.

Analysis of the latest CACI data by Paragon Bank shows that £418 billion of savers’ money continues to languish in savings accounts paying less than 0.1%. 

Derek Sprawling, Paragon Bank Savings Director, comments on today’s Bank of England Money and Credit Report for March. 

Nearly half of instant access savings accounts contain £500 or less, Paragon Bank analysis of the latest CACI data shows.