banking groups confusion

82 Posts

I'm trying to avoid paying interest on tax as much as I can. I have got ISAs and Premium Bonds, but thought I'd use Gatehouse again. I've used them previously so happy with them. They give profit, not interest, and from my research, you don't pay tax on profit. Can anyone clarify that please?
Secondly, I have ISAs with Paragon Bank and they have the same address and details as Gatehouse. I've looked on the FCSC website for banking groups, but it only lists Paragon as being owned by Paragon LTD, Gatehouse is not there. Can anyone answer that please?
Secondly, I have ISAs with Paragon Bank and they have the same address and details as Gatehouse. I've looked on the FCSC website for banking groups, but it only lists Paragon as being owned by Paragon LTD, Gatehouse is not there. Can anyone answer that please?
0
Latest MSE News and Guides
Replies
https://www.fscs.org.uk/check-your-money-is-protected/
Gatehouse Bank PLC, has FRN 475346
Paragon Bank PLC, has FRN 604551
2, Use the FCA register below to find their address.
https://register.fca.org.uk/s/
you get these:-
https://register.fca.org.uk/s/firm?id=001b000000Mg1qyAAB
https://register.fca.org.uk/s/firm?id=001b000000NMWVGAA5
3. The FCA is warning you that there is a scam clone impersonating Paragon Bank. So make sure you are dealing with the "Real Paragon Bank" and not the clone one.
https://register.fca.org.uk/s/unauthorised-firm?id=0010X00004ilIULQA2
https://www.fca.org.uk/news/warnings/paragon-bank-clone-fca-authorised-firm