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Paragon

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iolanthe07

iolanthe07 Posts: 5,493 Forumite

27 November 2017 at 3:45PM in Savings & investments

I have £50K to put somewhere safe for a few years, and wonder about Paragon Bank, as it seems to offer about the best fixed rate deposit interest in what is a pretty dire savings environment. I realise that 2.5% may well not keep pace with inflation over 3 - 5 years, but I do need the government guarantee. Does anyone have any experience of Paragon Bank, as I hadn't heard of it before looking at the Savings & Investment section on here. Other suggestions welcome.

I used to think that good grammar is important, but now I know that good wine is importanter.

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Comments

LoubyLoo Posts: 42 Forumite

27 November 2017 at 3:51PM

Yes I have an Isa with them. Held since 2015. No hesitation in recommending them. Very efficient and no problems at all.

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18cc Posts: 2,120 Forumite

27 November 2017 at 4:52PM

You might want to consider Atom Bank for the high rates.

I have used Paragon no problems at all though.

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ColdIron Posts: 9,846 Forumite

27 November 2017 at 5:01PM

No problems with Paragon here

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EdGasketTheSecond Posts: 2,558 Forumite

27 November 2017 at 5:31PM

https://uk.trustpilot.com/review/paragonbank.co.uk

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Malchester Posts: 988 Forumite

27 November 2017 at 6:19PM

Have three accounts with Paragon - excellent service and very easy to open and use

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Ifts Posts: 1,960 Forumite

27 November 2017 at 9:26PM

I have had a couple of Fixed Rate Savings Bonds with Paragon over the years (one has just matured) with no problems. And would happily recommend.

Never let the perfume of the premium overpower the odour of the risk

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xylophone Posts: 45,622 Forumite

27 November 2017 at 10:44PM

I found Paragon very efficient.

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iolanthe07 Posts: 5,493 Forumite

28 November 2017 at 11:11AM

EdGasketTheSecond wrote: »

https://uk.trustpilot.com/review/paragonbank.co.uk

Oh dear! Not great reviews on the whole, but I suppose satisfied customers don't bother sending in comments.

I used to think that good grammar is important, but now I know that good wine is importanter.
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roddydogs Posts: 7,479 Forumite

28 November 2017 at 11:24AM

Ok but doesn't do "instant" transfers, you have to wait till next day.

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cloud_dog Posts: 6,324 Forumite

28 November 2017 at 12:26PM

Oh, how the world has changed

Personal Responsibility - Sad but True

Sometimes.... I am like a dog with a bone
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