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Paragon Bank Savings Review

This article was last updated:

Everything you need to know before you open a savings account with Paragon Bank!

The experts say:

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Paragon Bank's savings accounts have been given a solid score of 74% by customers, and a respectable 68% when it comes to their products. Unfortunately, they failed to make the Which? Recommended Provider list, but they still managed to achieve an 8 out of 30 ranking when compared to other savings account providers. Fairer Finance gave them an impressive Customer Experience Rating of 66%, and their service was rated 23rd out of 50 savings account providers. All in all, Paragon Bank's services are worth considering for those seeking competitive rates and reliable service.

What Paragon Bank customers are saying right now:

The Good

  • ✅ Easy to use
  • 😊 Prompt payment of money
  • 🤩 Product innovation and competitive rates
  • 😁 Willing to consider each case on its merit
  • 🙌 Expert experience in specialist lending

The Bad

  • 😡 Inefficient customer service, long wait times to talk to a human on the phone
  • 😡 Unable to send replacement passwords, IT department fails to contact
  • 😡 Long processing times, missed own cut off date, incorrect information given
Read more customer reviews of Paragon Bank

Paragon Bank customer reviews summary

Paragon Bank savings accounts offer a reliable and straightforward experience, with excellent rates of interest and no bombardment of offers or rubbish deals. However, their customer service falls short, with long waits to speak to someone on the phone and several reported cases of incorrect information given. For those looking to open accounts by post they'd be wise to check their own deadlines as Paragon may not meet them. All in all, Paragon Bank savings accounts are a reliable option but their customer service needs improving. Score: 6/10

Is Paragon Bank one of this year's Top 10 savings account providers?