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    • jayship
    • By jayship 2nd Dec 17, 4:14 PM
    • 341Posts
    • 100Thanks
    jayship
    Challenger Banks
    • #1
    • 2nd Dec 17, 4:14 PM
    Challenger Banks 2nd Dec 17 at 4:14 PM
    I have been reading reviews on 2 challenger banks namely Paragon and Charter Savings Bank as they offer competitive fixed term rates. They are very mixed with most reviewers giving 1-2 stars that does not give me confidence although we are protected up to £85K.

    I found Atom satisfactory but it is only compatible with certain tablets/ipad/mobile phones. It does not allow the same ipad/tablet to be used by a different person in the household. You need to buy several compatible products to bank with them. I was told that it was for security reasons?

    Probably those who are satisfied do not bother to write a review. Comments from forum readers willing to share their experience will be appreciated.

    Thanks
Page 1
    • ColdIron
    • By ColdIron 2nd Dec 17, 4:18 PM
    • 3,657 Posts
    • 4,401 Thanks
    ColdIron
    • #2
    • 2nd Dec 17, 4:18 PM
    • #2
    • 2nd Dec 17, 4:18 PM
    Recent thread on Paragon here

    http://forums.moneysavingexpert.com/showthread.php?t=5751070
    • jayship
    • By jayship 2nd Dec 17, 8:24 PM
    • 341 Posts
    • 100 Thanks
    jayship
    • #3
    • 2nd Dec 17, 8:24 PM
    • #3
    • 2nd Dec 17, 8:24 PM
    Thank you ColdIron for the link. That is my worry that the reviews are poor and just wanted opinions from others.

    I have been researching and found that Investec Bank is offering a competitive rate but with a higher minimum deposit. Probably they are part of the Investec Asset Managers group.
    • ColdIron
    • By ColdIron 2nd Dec 17, 8:38 PM
    • 3,657 Posts
    • 4,401 Thanks
    ColdIron
    • #4
    • 2nd Dec 17, 8:38 PM
    • #4
    • 2nd Dec 17, 8:38 PM
    I'd recommend Investec as well, used them for many years
    • SallySunshine
    • By SallySunshine 2nd Dec 17, 8:39 PM
    • 657 Posts
    • 224 Thanks
    SallySunshine
    • #5
    • 2nd Dec 17, 8:39 PM
    • #5
    • 2nd Dec 17, 8:39 PM
    Can't fault Charter, got 4 accounts with them and although closing one with 120 days notice, will then fill this years ISA with their 2 yr account.
    Brilliant communication and service.

    Paragon couldn't identify me without sending I.D., so didn't bother with them.
    • JoeCrystal
    • By JoeCrystal 2nd Dec 17, 9:48 PM
    • 1,302 Posts
    • 777 Thanks
    JoeCrystal
    • #6
    • 2nd Dec 17, 9:48 PM
    • #6
    • 2nd Dec 17, 9:48 PM
    I saved with both Charter and Paragon banks without any issues. As you said, they got good rates for their fixed rate bonds.
    • Xenon
    • By Xenon 3rd Dec 17, 2:45 PM
    • 56 Posts
    • 99 Thanks
    Xenon
    • #7
    • 3rd Dec 17, 2:45 PM
    • #7
    • 3rd Dec 17, 2:45 PM
    I have just started with Paragon - been impressed so far - i like their website.

    It makes things so much easier when everything is well laid out and easy to navigate.
    • jayship
    • By jayship 3rd Dec 17, 6:51 PM
    • 341 Posts
    • 100 Thanks
    jayship
    • #8
    • 3rd Dec 17, 6:51 PM
    • #8
    • 3rd Dec 17, 6:51 PM
    Thanks to everyone for their input. Appreciated
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