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MSE News: Atom Bank puts ALL its savings rates up for the chop – act ASAP or lose...

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App-only Atom Bank is cutting the rates of all four of its market-leading accounts from 11.59pm tonight...
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'Atom Bank puts ALL its savings rates up for the chop – act ASAP or lose the top rate'

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'Atom Bank puts ALL its savings rates up for the chop – act ASAP or lose the top rate'

Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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With a quick glance I read that as "Atom Bank puts ALL its savings rates up".
'Atom Bank app crashes as savers stampede to beat deadline for its fixed rates'
Someone beat me to it I see. I was going to say something along the lines of
-o I am humble -o You are attention seeking -o She is Nadine Dorries
Save £12k in 2021 - #027 £15,268 (76%)
This downmarket sensationalist and tabloid attitude should be beneath the good people at MSE.
Well done. By using these hysterical headlines MSE creates panic so that people are encouraged to lock away their money at a fixed rate, below the expected rate of inflation, for 3 years instead of having a reasonable time to think carefully whether doing so would be suitable for them or not.
And of course, as Atom have made clear, the actions of MSE has caused them to reduce the rates offered which also makes it unnecessary for other banks to compete with those high rates.
There was a time when Martin Lewis pretended to be on the side of the consumer.
MSE: "Atom Bank raises blood pressures and takes levels of consumer frustration to new heights with increasingly frequent rate cuts which top customer polls for most disappointing news"
Confused reader: "Err... yay?"
Dodgy!!!!!!!!!!!!!!!!!!!