MSE News: Atom Bank puts ALL its savings rates up for the chop – act ASAP or lose... 15 March 2017 at 1:34PM in Savings & investments 9 replies 2.4K views

MSE_Luke

App-only Atom Bank is cutting the rates of all four of its market-leading accounts from 11.59pm tonight...

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

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alanwsg

Have to say - Epic fail in the headline dept.

With a quick glance I read that as "Atom Bank puts ALL its savings rates up".

karlie88

Tomorrow's headline:

'Atom Bank app crashes as savers stampede to beat deadline for its fixed rates'

Paul_Herring

alanwsg wrote: »

Have to say - Epic fail in the headline dept.

With a quick glance I read that as "Atom Bank puts ALL its savings rates up".

Someone beat me to it I see. I was going to say something along the lines of

ALL its savings down for the chop surely?

george4064

These thread titles are getting ridiculous...

Elijah_Bailey

The headline should read "Atom bank reduces interest rates tonight".

This downmarket sensationalist and tabloid attitude should be beneath the good people at MSE.

Rollinghome

MSE_Luke wrote: »

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

You say: "Atom blamed high demand for its decision to reduce rates on its one-, two-, three- and five-year accounts – demand which it said was "mainly" due to "several favourable mentions" by MoneySavingExpert."

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.

Flobberchops

george4064 wrote: »

These thread titles are getting ridiculous...

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?"

dlslack47

Atom want you to Register by asking you to tick the box saying you have read and understand the 4 (!) types of T&C's. ........ but there are no links at this point to lead you to any of the 4 (!) T&C's.
Dodgy!!!!!!!!!!!!!!!!!!!

MiserlyMartin

Crazy times we live in. A stampede to get a paltry 2%!