Is Paragon Bank Safe

Sharecast news in her inside the city column for the sunday times emma dunkley mused about how an uncertain economic outlook low interest rates and increasing competition in the mortgage.

Is paragon bank safe. The paragon bank story launched in 2014 paragon bank is a savings focused bank based in solihull. Paragon bank do everything they can to make access to the easy access cash isa as difficult as possible. Although a relatively new name to many it s part of the paragon group of companies a ftse 250 company which was founded in 1985 has over 1 000 employees and provides other products like car finance and buy to let mortgages. It launched as a full bank this year and offers fixed rate and easy access accounts online.

Paragon bank solihull based paragon bank was set up in 2014. I opened a savings account with paragon bank and then decided to close it as it was taking too long to open. How safe is paragon bank. Paragon is covered by the financial services compensation scheme so your deposits are covered for up to 85 000 with paragon.

I would recommend anyone to use them. No funds may be transferred into the isa other than from one previously nominated bank account. Definitely would not recommend this bank to anyone poor customer service. It is owned by paragon group of companies plc which is listed on the stock exchange and has been a buy to let mortgage lender since 1985.

I opened another online account with a different bank and the process is much more complicated than paragon bank so i ve decided to deposit all my funds with paragon. I am astonished that the financial services authority allow it to conduct business with the current policies in place. I asked for the money to go back to my nominated account and was told it would take a few working days and waited a week and nothing. Challenger bank paragon restructures as it bids to go mainstream by iain withers 21 sep 2017 2 49pm top fixed rate bonds launched but only for banking app customers.