Paragon Bank Plc

Financial Ombudsman decision DRN-3940532 Not upheld

Not upheldoutcome, as published by the Ombudsman

—no sum stated

Wed Apr 26deadline to accept (not the decision date)

The Ombudsman does not print a decision date. The date above is the deadline the consumer was given to accept or reject the decision, which is set about a month after it was issued. It is reliable to the year, not to the month.

What this decision was about

Interest and rates

In the Ombudsman’s words

Mr P is complaining that Paragon Bank Plc didn’t increase the interest rate on his Instant Savers Account (ISA) in line with a higher rate on a new product it offered.Interest and rates

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-3940532.pdf on financial-ombudsman.org.uk.

The outcome shown is the Ombudsman’s own published classification, not our reading of the text. Nothing here is legal advice, and a decision concerns only the complaint it was made about.