Paragon Bank is celebrating its 100,000th customer, just over three years from its launch.

Another milestone has also been reached with the combined deposits of Paragon Bank customers having now passed the £3 billion mark.

Recent surveys of Paragon Bank customers revealed that 93% rated the process of opening an account with Paragon as being either ‘good’ or ‘very good’. 87% of customers agreed that they would consider opening another savings account with us and 91% of customers said they invested with Paragon Bank as a result of consistently competitive interest rates.

Richard Doe (pictured), managing director of Paragon Bank said: “Having launched just over three years ago, these milestones represent excellent growth for Paragon Bank. Our relentless focus on delivering simple, straightforward products and great service has been behind this and has injected some real competition into the market. Thanks to our winning rates and service we now have enough customers to more than fill Wembley.

“We would like to thank all of our customers for making this growth possible and look forward to keeping competition alive in the savings market over coming months and years.”