Atom Bank

citibadger

Currently it's only visa Apple devices, but they will be doing Android devices 'soon' and a universal windows application soon, so that should open it up to being fully online as such.

I guess they're just getting the technology right slowly, rather than open the flood gates and it be a disaster. Good for them, and if the rates remain good, then hopefully they'll do well.

AndyT678

adindas wrote: »

I have not read the details.
Do they only allow people to access it from Mobile platform ???
If so then they probably have not aware that some people do not like or difficult (or cannot) access the bank from mobile devices.

I think they probably have (sic) aware of this but have chosen an operating model based on mobile only anyway.

adindas wrote: »

For instance, the people with disability

I'm not an expert but I'm given to understand that many of "the people with disability" find technology to be an important enabler in their day to day lives rather than something that they're incapable of interacting with.

adindas wrote: »

people with fat finger ...

I do not know but Is there any breach of Disability Discrimination Act 1995 here ??

I don't think having fat fingers is a recognised disability.

adindas wrote: »

old people

I believe old people to be capable of using modern technology. Suggesting that they cannot is more discriminatory IMO.

adindas wrote: »

people who do not have do not likr mobile devices etc ...

These people are perfectly free to not use the bank.

Ifts

joe134 wrote: »

1.8% is the best I can find for 3 years with Shawbrook, or 2.2% for 5 years.

If anyone is wanting to go for the Shawbrook rates you have listed above, they will have to be quick and apply before 3.30pm tomorrow....


Shawbrook are reducing their rates tomorrow too, I got this in an email from them today:

With effect from 3:30pm, Tuesday 23rd August, we will be making the following changes:

95 Day Notice Personal Savings Account -
Issue 25 paying 1.25% AER (variable/annual).
Minimum investment amount £1,000.00.

120 Day Notice Personal Savings Account -
Issue 36 paying 1.35% AER (variable/annual).
Minimum investment amount £1,000.00.

1 Year Fixed Rate Bond -
Issue 41 paying 1.30% AER (fixed/annual).
Minimum investment amount £1,000.00.

3 Year Fixed Rate Bond -
Issue 35 paying 1.60% AER (fixed/annual).
Minimum investment amount £5,000.00.

5 Year Fixed Rate Bond -
Issue 23 paying 2.00% AER (fixed/annual).
Minimum investment amount £5,000.00.

You can apply online for the new product issues from 3:30pm Tuesday 23rd August.The Fixed Rate Bond and Notice products being withdrawn from sale will remain open for additional funding by existing customers until close of business on Tuesday 30th August.

realaledrinker

2.2% fixed for 2 years works for me. I rather expect the current account interest rates to collapse à la Santander pretty soon.

It took several months for my invite to arrive so anyone applying now - don't hold your breath.

Given all the launch hype, pretty unimpressed so far tbh.

joe134

Ifts wrote: »

If anyone is wanting to go for the Shawbrook rates you have listed above, they will have to be quick and apply before 3.30pm tomorrow....


Shawbrook are reducing their rates tomorrow too, I got this in an email from them today:

hi Ifts, got it later in the day., same as you.:beer:

1kevfp

Just spoke to Kate from Atom she confirmed that they are still trialing their software for ANDROID and the 10k limit( for now ) per customer can be made up by multiple accounts up to that limit , e.g 5 x 2k
The rate sounds fine by me - a fat fingered self P.C taught wrinkly teenager aged 63 😫

jimjames

Elijah_Bailey wrote: »

I cannot find any other fixed rate 1 year accounts with 2% or 2 years offering 2.2% but I am happy to be proved incorrect..

Not sure where you're looking but I'm getting 5% on most of my savings and 3% on remainder. It's not fixed rate or fixed term which to me is far better and more flexible.

SallySunshine

Well I've just entered my code for Atom Bank, there are 3 levels of security, 6 digit access code, a photograph of your face and a voice recognition.
Plumped for a 2yr fixed rate and have a little while to fund it.

I wonder how long they will hold the offer open at this rate?

realaledrinker

SallySunshine wrote: »

Well I've just entered my code for Atom Bank, there are 3 levels of security, 6 digit access code, a photograph of your face and a voice recognition.
Plumped for a 2yr fixed rate and have a little while to fund it.

I wonder how long they will hold the offer open at this rate?

Not really three levels, they are either/or. Gave up on the 'blinking' facial recognition. Too hit & miss.

1kevfp

http://www.thisismoney.co.uk/money/saving/article-2600731/Atom-Bank-launch-year-Anthony-Thomson-Mark-Mullen.html

These 2 together maybe a formidable financial dynamic duo ? :idea::idea::