Atom Bank

JARyder

I recently noticed a new bank named above which is currently offering 2% over 1year. Has anybody used it or noticed it. There is protection via the FSPS but your website does not seem to recognise it as a good rate.

eskbanker

It launched in April and there have been a number of threads about it on the forum but, as you say, not much coverage in the editorial content yet....

https://forums.moneysavingexpert.com/discussion/5443206
https://forums.moneysavingexpert.com/discussion/5488492
https://forums.moneysavingexpert.com/discussion/5510728

pmjenkins

The one year bond earns 2.0% interest and the two year earns 2.2%.

Accounts can currently only be opened by people who've previously expressed an interest and been sent an invitation code.

My wife (who has an iPad) has already opened an account while I'm still waiting for an invitation code even though the Android version of the app has just been released.

JARyder

Many thanks for comments I am also waiting,so far about 3weeks.Hopefully it will not take the same time to withdraw when the time comes.

eskbanker

JARyder wrote: »

your website does not seem to recognise it as a good rate.

In the context of the above comments it's fairly self-explanatory why this embryonic startup venture isn't being promoted (yet) by MSE as a meaningful competitor for attracting savings when up against products that are readily available in the market!

alternate

does it still have the 10k limit?

colsten

Limit just got upped to £100K. Although it would clearly be ill-advised to put more than £75K in there.

alternate

thanks


...

Dovestones

Atom Bank reducing Fixed Saver rates 'in the next few days' according to an email received yesterday (20/09)

Ashen

Seems a bit odd to up the limit from £10K to £100K and then reduce rates a few days later?!

karlie88

Roy_D wrote: »

Atom Bank reducing Fixed Saver rates 'in the next few days' according to an email received yesterday (20/09)

Now confirmed.

1 year fixed @ 1.4%
2 year fixed @ 1.65%