Easy Access

Paragon Bank Easy Access Savings Account Review

An easy access account from Paragon Bank. It ranks 121st of 152 easy access accounts 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

No limit

Access

Instant

Interest paid

Monthly/Annually/Anniversary

How It Stacks Up

Ranks 121st of 152

Easy access accounts we track

Well below average
This account 1.50%
UK CPI (Aug 2026)
3.10%
Pays 1.60% less
Average easy access
2.83%
Pays 1.33% less
Best easy access
5.00%
Pays 3.50% less

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

A better-paying alternative

Tembo bank logo

Tembo

HomeSaver

4.55%

AER

  • Pays 3.05% more than this Paragon Bank account
  • Instant access, open with £10
Compare Easy Access Accounts

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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 Easy Access

What you could earn with Paragon Bank's Easy Access Savings Account.

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

£50,000 saved

£750

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.

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

Our Expert Opinion on Paragon Bank Easy Access Savings Account

Jonny PeaseCo-Founder, DepositScout

Paragon Bank's Easy Access Savings Account pays 1.50%, which sits below the market average for easy access accounts and 3.50% behind the current market leader at 5.00%. The rate also falls 1.60% below CPI inflation of 3.1% (Aug 2026), meaning your money is losing real purchasing power. This account suits someone who simply wants a low-friction home for cash with no minimum balance requirement, but I would still check Tandem Bank's Instant Access Saver at 3.40% or Kent Reliance's Branch Easy Access Saver at 3.20% before committing here.

2 alternatives to Paragon Bank's Easy Access Savings Account

Same type of account, closest on rate.

Common questions about the Easy Access Savings Account

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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