Paragon raises rate on one-year fixed cash ISA to 5.75%

Paragon Bank ups its one-year fixed cash ISA rate to 5.75% - is it enough to top the table?

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Paragon Bank has hiked the rate on its one-year fixed cash ISA product to 5.75% in a bid to compete with other banks, including Chase, Starling and Shawbrook Bank

This comes after Paragon already hiked its double easy access savings rate to 4.75% in response to the Bank of England (BoE) raising interest rates to 5.25%.

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Vaishali has a background in personal finance and a passion for helping people manage their finances. As a former staff writer for MoneyWeek, Vaishali covered the latest news, trends and insights on property, savings and ISAs.

She also has bylines for the U.S. personal finance site Kiplinger.com and Ideal Home, GoodTo, inews, The Week and the Leicester Mercury.