info@paramountsavings.co.uk| 2a St. Mary's St, Manchester
Customer service:(+44) 774 992 3659|FSCS Protected
Paramount Savings

Everyday Banking

Personal
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Everyday spending with zero monthly fee

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Competitive interest rates & instant access

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Manage household finances together

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Designed for young adults & undergraduates

Existing Customers

Manage existing accounts & services

Overdraft Facilities

Flexible short-term safety net

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Finance
Car Loans

Competitive rates with tailored terms

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Calculate your monthly repayments

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Fixed rate financing for your next trip

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Support for tuition & living costs

Big Purchase Cards

0% interest intro periods on spending

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Grow
Pick Your Own Investments

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Professionally managed portfolios

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Direct access to UK & global markets

Personal Pension (SIPP)

Tax-efficient retirement investing

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Consolidate into one transparent plan

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Flexible contributions for entrepreneurs

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Protect
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Privacy Policy

Privacy Policy

Learn how Paramount Savings collects, uses, and safeguards your personal data under the UK Data Protection Act and UK GDPR.

Data Protection & Transparency

Customer Privacy Notice

Last Updated: January 2026 • Compliant with UK GDPR & DPA 2018

Cookie Preferences

1. What is Personal Information?

Scope

Personal information includes anything that identifies you directly or indirectly. At Paramount Savings, this falls into two primary categories:

•Information you provide directly: Name, residential address, telephone number, email, date of birth, and identity documentation submitted during account onboarding.
•Technical & transactional data: Device IP addresses, browser cookies, login timestamps, and payment transaction metadata (time, merchant, geolocation) collected to process services and combat financial fraud.

2. How We Safeguard Your Privacy Rights

Security

Protecting customer financial data is of paramount importance. Our internal controls and systems comply with rigorous UK Data Protection Act 2018 and UK GDPR mandates:

•Bank-grade AES-256 encryption across all data at rest and TLS 1.3 encryption across all communication networks.
•Strict role-based staff access restrictions with mandatory regular compliance training.
•Independent external security audits and real-time automated fraud intrusion detection systems.

3. Automated Decisions & Credit Checks

Fairness

We utilize algorithmic decision-making to process loan, credit card, and mortgage eligibility quickly and objectively:

•Automated credit scoring references credit reference agencies (Experian, Equifax, TransUnion) to evaluate affordability.
•You have the statutory legal right under UK GDPR to contest any solely automated decision and request a manual review by a qualified human credit underwriting specialist.

4. Your Consent & Marketing Preferences

Control

We firmly respect your inbox and communication preferences:

•You can toggle email, SMS, and postal marketing preferences on or off anytime inside your Online Banking profile settings.
•Essential regulatory notices (e.g. interest rate adjustments, terms updates, and fraud alerts) will always be delivered regardless of marketing preferences.
•We never sell your personal information or contact details to third-party marketing brokers.

5. Data Retention & The 'Right to Erasure'

Retention

Under UK GDPR, you have the right to request erasure of your data, subject to statutory banking obligations:

•Under UK anti-money laundering (AML) laws and FCA compliance directives, banks are legally mandated to retain customer identity and transaction logs for 5 to 7 years following account closure.
•Once statutory regulatory retention periods expire, personal records are permanently and securely deleted from our archive servers.

6. How to Exercise Your Rights or Lodge a Concern

Contact

If you have questions regarding our data practices or wish to submit a Subject Access Request (SAR):

•Contact our dedicated Data Protection Officer (DPO) at privacy@paramountsavings.co.uk or write to: Data Protection Team, Paramount Savings plc, 25 Gresham Street, London EC2V 7HN.
•You also retain the right to lodge a complaint at any time with the UK Information Commissioner's Office (ICO) at ico.org.uk or via 0303 123 1113.

Need to contact our Data Protection Officer?

Submit subject access requests, update your marketing preferences, or ask questions about how your personal data is handled.

Contact Data Protection Office
Paramount Savings

Your trusted savings & personal finance partner

FSCS Protected up to £85,000
Direct Support:(+44) 774 992 3659

Products & Services

  • Online Banking
  • Current Accounts
  • Savings Accounts
  • Joint Accounts
  • Youth & Students
  • Car & Personal Loans

Wealth & Protection

  • Home Insurance
  • Life & Protection
  • Pick Your Own Investments
  • Ready-Made Portfolios
  • Personal Pensions
  • Mortgage Calculator

Legal & Security

  • Terms & Conditions
  • Privacy Policy
  • Cookies Policy
  • Fraud & Scam Awareness
  • Accessibility
  • Service Status

About Paramount

  • About Paramount Savings
  • Equality & Diversity
  • Customer Support
  • Find a Branch
  • Careers

Paramount Savings is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register firm reference number: 189240). Registered in England and Wales. Registered office: 2a St. Mary's St, Manchester, M3 2LB.

Eligible deposits with Paramount Savings are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

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