Paragon
At the end of 2022, Paragon had a small amount of lending to small and medium-sized enterprises operating in the oil and gas industry (£13.5M). At the same time, it dedicated £200M of funding to the development of energy efficient properties by offering lower interest rates to its customers.
The bank is also transparent - it has measured and disclosed greenhouse gas impacts of its lending in line with leading practices.
Have you opened an account with Paragon since visiting Bank.Green?
Key Facts
Type: Bank
Mobile Banking: Yes
Environmental Policy: No
Founded: 1985
Serving: Consumers & Organizations
Local Branches: No
Products
Checking Accounts: No
Savings Accounts: Yes
Credit Cards: No
Mortgages or Loans: Yes
Business Lending: Yes
ISAs: Yes
Fees
Overdraft Fee: Yes
Account Maintenance Fee: Yes
Free ATM Network: No
Impact
• Specialises in savings and mortgage products with a focus on providing flexible solutions for personal and business finance.
• Offers award-winning Cash ISAs, promoting effective savings management.
Security
• Regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
• Ensures the security of customer funds up to £85,000 under the FSCS.
Service
• Provides a variety of financial services including savings accounts, personal loans, and buy-to-let mortgages.
• Emphasises support for intermediaries with specialised mortgage and finance products.
Accessibility
• Offers online account management tools to simplify banking operations.
• Supports business and personal finance needs with tailored services and an efficient customer service system.
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