Paragon Bank - 3 year fixed rate

newuser78

Hi

I applied for a 3-year fixed rate at Paragon Bank (as it topped the savings table) on Wednesday 3rd - all went well and have received a welcome pack yesterday.

However, for the life of me, I cannot remember what the interest rate was! Was it 2.30% or 2.10%? For some reason this key information is missing from the pack and my online account.

Unfortunately the "Best Buy 3 year fixed" is changed so cannot see the previous one!

Any ideas?

Many thanks!

YorkshireBoy

newuser78 wrote: »

Any ideas?

Sometimes you can't see the wood for the trees!

http://www.paragonbank.co.uk/savings/historic-rates/

Looks like 2.0% AER

newuser78

Great thanks! So not 2.30% then... must have been my dream!

Ifts

newuser78 wrote: »

So not 2.30% then...

Not unless you accidentally signed up for their 5 year fix which was paying 2.30%!

Snowbelle

Its definitely 2% but like you say there is no mention of the rate in the welcome pack or on the online account. Apparently this will show up online once its been funded.

Ifts

Snowbelle wrote: »

Apparently this will show up online once its been funded.

Yes thats correct when viewing your account online, the rate will be displayed once the minimum deposit (10K) has been paid in.

newuser78

Ifts wrote: »

Yes thats correct when viewing your account online, the rate will be displayed once the minimum deposit (10K) has been paid in.

Yep - correct. The rate is guaranteed on the date of your application provided that you fund the account of minimum 1k (up to 100k I think) within 14 days.

So I have done the deed and it is now locked for 3 years - let's hope the base rate will improve by then... (wishful thinking)