ATOM 1 year fix

ZeroSum

Gam2015 said:

Is atom a safe place to put savings for a year? Never heard of them but they are offering 2.60% and monthly interest. I’m wanting to put 50k in. I currently have my money in Santanders Esaver paying a measly 0.05% 🥹

If you're uncomfortable with them, virgin are paying 1.56% on instant access & 2% for 1 yr fix, for a high Street alternative 

diystarter7

Bigwheels1111 said:

I have 85k with them at 1.5% from last September, As long as it pays out all will be fine.

So far no issues at all.

its the 85k per licene that covers you. Be warned that some banks etc share their FSCS licen may be share with anther saver and if it is and you have money in there as well it is only the total 85 max that covered.

NB - just looked at their site and quick look makes me think their licence is not shared but check for certainty.

https://www.atombank.co.uk/fscs/

garyelder

ZeroSum said:

Gam2015 said:

Is atom a safe place to put savings for a year? Never heard of them but they are offering 2.60% and monthly interest. I’m wanting to put 50k in. I currently have my money in Santanders Esaver paying a measly 0.05% 🥹

If you're uncomfortable with them, virgin are paying 1.56% on instant access & 2% for 1 yr fix, for a high Street alternative 

Why would you go with virgin as above your going backwards

ZeroSum

garyelder said:

ZeroSum said:

Gam2015 said:

Is atom a safe place to put savings for a year? Never heard of them but they are offering 2.60% and monthly interest. I’m wanting to put 50k in. I currently have my money in Santanders Esaver paying a measly 0.05% 🥹

If you're uncomfortable with them, virgin are paying 1.56% on instant access & 2% for 1 yr fix, for a high Street alternative 

Why would you go with virgin as above your going backwards

OP is only getting 0.05% odd that you think a higher rate is backwards. OP doesn't sound comfortable with non highstreet option. I thought that was obvious