Protection
FSCS
Up to £120,000
Min balance
£1
Max balance
£4,000
Access
Age 60+ or first home
Interest paid
Annually
Transfers in
Accepted
25% withdrawal penalty - Funds can only be withdrawn penalty-free to buy your first home (property must cost £450,000 or less) or from age 60. Withdrawing for any other reason incurs a 25% government charge, equivalent to losing 6.25% of your own money.
Who Is This For
Learn more about Paragon Bank- New and existing savers
- Savers happy with a £4,000 cap
Additional Info
Online account - can be opened and managed via desktop browser without needing an app. No introductory bonus. The government adds a 25% bonus on contributions up to £4,000 per year - worth up to £1,000 annually. Good option for those who prefer not to manage savings through an app. For full eligibility rules and first-time buyer conditions see our ISA Guide.
Please verify all details with the provider – for more info read our Disclaimer
