Cash ISA

Paragon Bank Easy Access Cash ISA Review

A cash ISA from Paragon Bank. It ranks 120th of 137 cash ISAs we track.

Variable rate

1.50%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

£500,000

Access

Instant

Interest paid

Monthly/Annually/Anniversary

Transfers in

Accepted

How It Stacks Up

Ranks 120th of 137

Cash ISAs we track

Well below average
This account 1.50%
UK CPI (Aug 2026)
3.10%
Pays 1.60% less
Average cash ISA
2.98%
Pays 1.48% less
Best cash ISA
4.87%
Pays 3.37% less

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

A better-paying alternative

Trading 212 bank logo

Trading 212

Cash ISA

4.60%

AER

  • Pays 3.10% more than this Paragon Bank account
  • Includes a 1.00% bonus for 12 months, then 3.60%
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A Good Fit For

  • Pro: Savers who want instant access
  • Pro: Savers who want a monthly income

Worth Weighing Up

  • Con: The rate is variable, so it can go down

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Estimated returns with Paragon Bank's Cash ISA

What you could earn with Paragon Bank's Easy Access Cash ISA.

Estimated interest

£1,000 saved

£15.00

At 1.5% AER

£5,000 saved

£75.00

At 1.5% AER

£10,000 saved

£150

At 1.5% AER

£500,000 saved

£7,500

At 1.5% AER

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

Our Expert Opinion on Paragon Bank Easy Access Cash ISA

Jan WatermannCo-Founder, DepositScout

Paragon Bank's Easy Access Cash ISA pays 1.50%, which is below the market average for Cash ISAs and sits 3.62% behind the category leader at 5.12%, so this is a hard rate to recommend on price alone. It also falls 1.60% below August 2026 CPI of 3.1%, meaning your savings are losing real value in this account. The instant access and £1 minimum make it accessible enough, but savers who want a Cash ISA with transfers in accepted would do better looking at Moneybox's Open Access Cash ISA at 3.80% or Sidekick's Cash ISA at 3.23%.

Compare Cash ISAs

2 alternatives to Paragon Bank's Easy Access Cash ISA

Same type of account, closest on rate.

Common questions about the Easy Access Cash ISA

D

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Easy Access rate just dropped

A top provider just cut their rate. Here's what you need to know about the latest market shift.

Nationwide FlexSaver Rate Down
4.20% AER
4.75%
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