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Paragon Bank launches market-leading easy access account and earns ‘excellent’ rating | Personal Finance | Finance

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Paragon Bank has launched a new issue of its Double Access account with a market-leading 5.25 percent AER, earning an “excellent” Moneyfacts rating.

The account can be opened with a minimum deposit of £1,000 and up to two withdrawals can be made a year to retain the top .

Derek Sprawling, Paragon Bank savings director, said: “We’re pleased to launch the latest issue of our Double Access account, paying a market-leading rate.

“This product could suit those savers who are happy to lock their money away but may want to retain access to it in the event of a rainy day.”

Commenting on the deal, Caitlyn Eastell, spokesperson at Moneyfactscompare.co.uk, said: “This account may be a tempting choice for those who don’t mind restricting access to their savings pot, as only two withdrawals are permitted each year, and any additional withdrawals will result in the rate dropping significantly to 1.5 percent.

“However, for those possibly looking to supplement their usual income, this deal also offers an option paying monthly interest.”

Ms Eastell added: “Overall, the deal places itself within the top 10 of its sector, and an overall Excellent Moneyfacts product rating.”

The account can be opened online by people aged 18 or over and up to £500,000 can be invested in the account overall.

However, given that only two withdrawals are allowed per year without incurring an interest rate reduction, some savers might be looking for a bit more flexibility from their easy access account.

Beehive Money’s Limited Issue Easy Access is paying 5.2 percent on a minimum deposit of £1,000. Up to £85,000 can be invested overall and unlimited withdrawals are permitted.

Anyone earlier along in their savings journey who doesn’t have a four-figure lump sum to open an account can find a competitive rate with Cynergy Bank.

Cynergy Bank’s Online Easy Acccess Account (Issue 68) is offering an AER of 5.15 percent for the first 12 months from a minimum deposit of £1. Up to £1million can be invested and withdrawals are permitted at any time.

Placing just behind is Cahoot’s Simple Saver (Issue Two) with an AER of 5.12 percent. Cahoot, a division of Santander, offers savers the deal from a minimum deposit of just £1.

The account can be launched and managed via online banking and up to £2million can be invested overall. Withdrawals can be made at any time by transfer to another account.



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Oracle Financial Declares Bumper Dividend Of Rs 270/Share; Check Record Date, Payout Details

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Oracle Financial Declares Bumper Dividend Of Rs 270/Share; Check Record Date, Payout Details

The interim dividend will be disbursed on or before May 21.

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Oracle Financial Services Software Ltd. declared a bumper dividend of Rs 270 per share, along with announcing the fourth quarter results for the fiscal 2025-26, according to an exchange filing on Wednesday.

The firm set the record date for determining the eligibility of the shareholders as May 7. The interim dividend will be disbursed on or before May 21.

(This is a developing story.)

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EC Issues Notice To Congress Chief Mallikarjun Kharge Over ‘Terrorist’ Remark On PM Modi

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The Election Commission of India (ECI) on Wednesday took a serious note of remarks made by Mallikarjun Kharge against Prime Minister Narendra Modi, issuing a show cause notice amid widening political row, officials said on Wednesday.

The action follows a complaint by a Bharatiya Janata Party (BJP) delegation, including Union minister Nirmala Sitharaman, which approached the poll panel demanding strict action over Kharge’s remarks.

The controversy erupted after Kharge, while addressing reporters in Chennai, criticised the All India Anna Dravida Munnetra Kazhagam for aligning with the BJP and referred to the Prime Minister as a ‘terrorist’, triggering sharp reactions from the ruling party.

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The BJP termed the comment an insult not just to Modi but to the country’s citizens.

Kharge later issued a clarification, saying his statement was misinterpreted.

He maintained that he did not intend to label the Prime Minister a terrorist, but meant that Modi “terrorises” political opponents and institutions.

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The Congress chief also accused the Prime Minister of violating the Model Code of Conduct and alleged that the Election Commission was acting in favour of the BJP—charges that further escalated the political confrontation.

The poll body’s notice seeks Kharge’s response to the remarks, as the issue adds to an already heated election atmosphere.

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L&T Tech Declares Rs 40/Share Dividend; Q4 Net Profit Rises 10%

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L&T Technologies Services Ltd. declared a dividend of Rs 40 per share, while also posting a 10% sequential climb in its net profit for the quarter ended March 31, 2026, an exchange filing on Wednesday showed.

The company’s consolidated bottomline rose to Rs 332 crore, as compared to Rs 303 crore in the quarter ended December. This is largely in line with the consensus estimate of Rs 341 crore, as shared by the analysts tracked by Bloomberg.

The firms’ revenue increased by 2.5% to Rs 2,858 crore from Rs 2,787 crore in the preceding quarter. Analysts had estimated a topline of Rs 2,970 crore. 

The tech company’s earnings before interest and taxes (EBIT) was up 5.5% at Rs 435 crore, as against Rs 412 crore in the previous quarter. The EBIT margin expanded to Rs 15.2% from 14.8% in the previous quarter.

The company said it will pay the final dividend of Rs 40 per share 30 days after the approval of shareholders at its upcoming annual general meeting on June 1. The record date for determining the eligibility of shareholders has been fixed as May 22.

Track key highlights of the Q4 results declared on April 22

L&T Technology Q4FY26 Highlights (Cons, QoQ)  

  • Net profit up 9.7% at Rs 332 crore versus Rs 303 crore 
  • Revenue up 2.5% at Rs 2,858 crore versus Rs 2,787 crore 
  • EBIT up 5.5% at Rs 435 crore versus Rs 412 crore
  • EBIT margin At 15.2% vs 14.8% 

The firm’s board of directors has also approved the appointment of Rajeev Gupta, the company’s chief financial officer (CFO) as executive director for a term of three years from April 22, 2026 up to April 21, 2029. It also approved Amitabh Kant’s designation as independent director for a period of five years commencing from April 22, 2026 to April 21, 2031.

Before the quarterly results were declared, shares of L&T Technology settled 2.53% lower at Rs, 3,550.2 apiece on the NSE, compared to a 0.81% decline in the benchmark Nifty 50.

ALSO READ: Tata Communications Q4 Results: Profit Slumps 75%; Dividend Of Rs 17.5/Share Declared

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