We are proud of the service which we provide to our members but don’t just take our word for it – join us and experience our great service!
Our basic savings account may be available if you don’t meet the conditions for one of our Current accounts. This might be because you’re bankrupt, in financial difficulty, or if we’re not able to obtain information about your credit history.
We offer a range of bank accounts to suit different needs. Whether you need a simple day-to-day account, one with extra benefits, Current Account Switch Guarantee or even your first bank account, we’ve got an account that may be right for you.
And it's quick and convenient to switch to us within just 7 working days when using our Current Account Switch Service.
The Current Account Switching Service will move everything across from your old account to your new Paragon Investment Capital account, including Direct Debits, standing orders etc, within 7 working days. It’s completely free and is backed by an industry-wide guarantee to ensure the move goes smoothly.
Everyone has seen offers for free Current accounts but what do you really get with those free accounts? Usually, not much. Paragon Investment Capital rewards you with more than just a basic account. With our no-fee Current accounts you can take advantage of several convenient benefits.
To open an account, click on any of the account types below for a list of account features and when you are satisfied with your selection, click on Apply Now to proceed with your account setup.
GROSS/AER
* £2,000 minimum opening deposit
* Investors must be 18 years or over
* 0.5% Incoming wire fee
* Earn 0.05–1.35%
* Arranged Overdraft up to £1,500
* Withdraw anytime
* Dividends paid quarterly*
* £0 monthly fee
* Free Virtual Banking with fraud protection*
* Debit card - use at any CashPoint® or other cash machines
* £300 ATM daily cash limit
* £1,500 daily debit card purchase limit
* Cashback Extras
* Save the Change® - save your pennies when you spend
* Worldwide family travel insurance with fee-free purchases abroad
Conditions apply*.
Access:
A £1,500 fee free arranged overdraft limit (subject to status) plus the first three months free on arranged limits above £1,500 when you open a new Savings account.
One penalty free easy access withdrawal is available per calendar month. Should you need further access to your funds, additional withdrawals can be made subject to 30 days’ loss of interest on the amount withdrawn.
Access to our Virtual Banking, 24-hour telephone services as well as any of our branches.
A VISA or MasterCard debit card with access to thousands of cash machines.
Your Debit Card comes with a wealth of benefits. Use your debit card to make everyday purchases and pay bills.
No foreign transaction fee* on international purchases or ATM withdrawals (the institution that owns the ATM might have additional fees).
Debit card is compatible with Android Pay, Apple Pay, Microsoft Wallet and Samsung Pay and other digital wallet apps.
GROSS/AER
* £2,500 minimum opening deposit
* Investors must be 18 years or over
* 0.5% Incoming wire fee
* £10 monthly fee if combined month-end balances fall below £2,500*
* Arranged Overdraft up to £5,000
* Line-of-credit
* Withdraw anytime
* Free Virtual Banking with fraud protection*
* £1 ATM transaction fee waived for pre-qualified ATMs
* Debit card - use at any CashPoint® or other cash machines
* £1,000 ATM daily cash limit
* £5,000 daily debit card purchase limit
* Cashback Extras
* Save the Change® - save your pennies when you spend
* Worldwide family travel insurance with fee-free purchases abroad
Conditions apply*.
Access:
A £5,000 fee free arranged overdraft limit (subject to status) plus the first three months free on arranged limits above £5,000 when you open a new Plus Current account
Access to our Virtual Banking, 24-hour telephone services as well as any of our branches.
A VISA or MasterCard debit card with access to thousands of cash machines.
Your Debit Card comes with a wealth of benefits. Use your debit card to make everyday purchases and pay bills.
No foreign transaction fee* on international purchases or ATM withdrawals (the institution that owns the ATM might have additional fees).
Debit card is compatible with Android Pay, Apple Pay, Microsoft Wallet and Samsung Pay and other digital wallet apps.
GROSS/AER
* £10,000 minimum opening deposit
* Investors must be 18 years or over
* 0.5% Incoming wire fee
* £19 monthly fee if combined month-end balances fall below £10,000*
* Arranged Overdraft up to £10,000
* Line-of-credit
* Withdraw anytime
* Free Virtual Banking with fraud protection*
* £5 ATM transaction fee waived for pre-qualified ATMs
* Debit card - use at any CashPoint® or other cash machines
* £2,500 ATM daily cash limit
* £10,000 daily debit card purchase limit
* Cashback Extras
* Save the Change® - save your pennies when you spend
* Worldwide family travel insurance with fee-free purchases abroad
Conditions apply*.
Access:
A £10,000 fee free arranged overdraft limit (subject to status) plus the first three months free on arranged limits above £10,000 when you open a new Premium Current account
Access to our Virtual Banking, 24-hour telephone services as well as any of our branches.
A VISA or MasterCard debit card with access to thousands of cash machines.
Your Debit Card comes with a wealth of benefits. Use your debit card to make everyday purchases and pay bills.
No foreign transaction fee* on international purchases or ATM withdrawals (the institution that owns the ATM might have additional fees).
Debit card is compatible with Android Pay, Apple Pay, Microsoft Wallet and Samsung Pay and other digital wallet apps.
GROSS/AER
* £2,000 minimum opening deposit
* Investors must be 18 years or over
* 0.5% Incoming wire fee
* £0 monthly fee*
* Arranged Overdraft up to £1,000
* Withdraw anytime
* Cashback Extras
* Save the Change® - save your pennies when you spend
* Worldwide family travel insurance with fee-free purchases abroad
Conditions apply*.
Access:
A £1,000 fee free arranged overdraft limit (subject to status) plus the first three months free on arranged limits above £1,000 when you open a new Loan account
Access to our Virtual Banking, 24-hour telephone services as well as any of our branches.
GROSS/AER
* £3,000 minimum opening deposit
* Investors must be 18 years or over
* 0.5% Incoming wire fee
* Ideal for higher yield, short-term savings
* Earn 0.05–2.15%
* Arranged Overdraft up to £500
* Withdraw anytime
* Free Virtual Banking with fraud protection*
* Dividends paid monthly*
* £0 monthly fee
* Cashback Extras
* Save the Change® - save your pennies when you spend
* Worldwide family travel insurance with fee-free purchases abroad
Conditions apply*.
Access:
A £500 fee free arranged overdraft limit (subject to status) plus the first three months free on arranged limits above £500 when you open a new Money Market account
One penalty free easy access withdrawal is available per calendar month. Should you need further access to your funds, additional withdrawals can be made subject to 30 days’ loss of interest on the amount withdrawn.
Access to our Virtual Banking, 24-hour telephone services as well as any of our branches.
GROSS/AER
* £2,000 minimum opening deposit
* Investors must be 18 years or over
* 0.5% Incoming wire fee
* Lock in a rate and let your funds grow
* Earn 0.05–4.00%
* 3–60 month terms
* Dividends paid monthly*
* Deposit insurance up to £250,000*
* £0 monthly fee
* Additional .25% on £100K
Access:
Access to our 24-hour telephone services as well as any of our branches.
Whether you can have an arranged overdraft and the amount will depend upon your personal circumstances at the time you apply for one. Any arranged overdraft we agree is repayable on demand, including any fee.