What interest rate does the Paragon Bank 3 Year Fixed Rate Savings Account pay?

The Paragon Bank 3 Year Fixed Rate Savings Account pays 4.30% AER, fixed for 3 years.

How much interest could I earn?

Saving £10,000 for 3 years would earn about £1,346 at 4.30% AER. This assumes the rate stays the same and interest stays in the account.

How much can I pay in?

You can deposit at least £1,000.

Can I withdraw my money?

No. Your money is locked in until the fixed term ends, so only put in what you won't need before then.

When is interest paid?

You can choose to have interest paid monthly, annually or on each anniversary of opening.

Who can open this account?

New and existing Paragon Bank customers can open it.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

How does it compare with other three-year fixed rate bonds?

At 4.30% AER it ranks 39th of 46 three-year fixed rate bonds we track. The best pays 5.18% and the average is 4.66%.

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Fixed Rate

Paragon Bank 3 Year Fixed Rate Savings Account Review

A three-year fixed rate bond from Paragon Bank, with a £1,000 minimum deposit. It ranks 39th of 46 three-year fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 3 years

4.30%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1,000

Max balance

No limit

Access

At maturity only

Interest paid

Monthly/Annually/Anniversary

How It Stacks Up

Ranks 39th of 46

3-year fixed bonds we track

Below average

This account 4.30%

UK CPI (Aug 2026): 3.10%; Pays 1.20% more
Average 3-year fixed: 4.66%; Pays 0.36% less
Best 3-year fixed: 5.18%; Pays 0.88% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare fixed bonds

A Good Fit For

Pro: New and existing savers
Pro: Savers who want a monthly income

Worth Weighing Up

Con: Your money is locked in for 3 years
Con: You need at least £1,000 to open it

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Estimated returns with Paragon Bank's Fixed Rate

What you could earn with Paragon Bank's 3 Year Fixed Rate Savings Account.

Estimated interest

£1,000 saved

£135

At 4.3% AER

£5,000 saved

£673

At 4.3% AER

£10,000 saved

£1,346

At 4.3% AER

£50,000 saved

£6,731

At 4.3% AER

Estimated over the 36-month term, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Paragon Bank 3 Year Fixed Rate Savings Account

Jonny PeaseCo-Founder, DepositScout

Paragon Bank's 3 Year Fixed Rate Savings Account pays 4.30%, which beats CPI inflation of 3.1% by 1.20%, so your money does grow in real terms. That said, it sits below the market average for fixed-rate accounts, and the market leader across that category pays 5.35%, putting Paragon 1.05% behind. You need at least £1,000 to open it, and the money is completely locked away until maturity, so only commit what you genuinely will not need. Afin Bank's 3-Year Fixed Term Account at 4.86% is worth a look first.

Compare Fixed Rate Bonds

2 alternatives to Paragon Bank's 3 Year Fixed Rate Savings Account3 alternatives to Paragon Bank's 3 Year Fixed Rate Savings Account

Same type of account, closest on rate.

Common questions about the 3 Year Fixed Rate Savings Account

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