How long does it take for Atom bank fixed 1 year to withdraw your money to an external account?

Trey123

How long does it take for Atom bank fixed 1 year to withdraw your money to an external account?
E.g. if account maturity date (i.e. 1 year after opening) is 2nd October, when would I get the funds into my external account? Is it instant on the day or does it take several days? Especially helpful if you have experience withdrawing money from Atom fixed savings account. Thanks!

HumberFlyer

It was instant to my connected account the couple of times mine matured (hsbc)................ it took about 10 seconds before hsbc notification that an amount had gone into from atom

jaypers

Immediate…..my last one was in overnight in the early hours of maturity date. One thing Atom do very well is fast payments. Shame their interest rates are pants now. 

Bigwheels1111

As above I woke at 5am and was credited to my bank

Trey123

Thanks very much everyone, that's good to know!

Trey123

jaypers said:

Immediate…..my last one was in overnight in the early hours of maturity date. One thing Atom do very well is fast payments. Shame their interest rates are pants now. 

Thanks! Surprised you consider the atom interest rates very low - I think the're over 5% and even the top savings accounts only pay around 6%. Any others you're aware of that pay a lot higher interest percentage?

wiseonesomeofthetime

Trey123 said:

jaypers said:

Immediate…..my last one was in overnight in the early hours of maturity date. One thing Atom do very well is fast payments. Shame their interest rates are pants now. 

Thanks! Surprised you consider the atom interest rates very low - I think the're over 5% and even the top savings accounts only pay around 6%. Any others you're aware of that pay a lot higher interest percentage?

There are over 50 with better one year fixed rates on the Moneyfacts website.

Twenty of those are 6.00% +

jaypers

wiseonesomeofthetime said:

Trey123 said:

jaypers said:

Immediate…..my last one was in overnight in the early hours of maturity date. One thing Atom do very well is fast payments. Shame their interest rates are pants now. 

Thanks! Surprised you consider the atom interest rates very low - I think the're over 5% and even the top savings accounts only pay around 6%. Any others you're aware of that pay a lot higher interest percentage?

There are over 50 with better one year fixed rates on the Moneyfacts website.

Twenty of those are 6.00% +

@Trey123 must be an employee 

wiseonesomeofthetime

The proceeds of my Atom 1Y Fixed Saver, due to mature on Sunday 1 October 2023, appeared in my current account at 01:51 that day.

Cannot fault the speed of their transfers tbh.

jaypers

wiseonesomeofthetime said:

The proceeds of my Atom 1Y Fixed Saver, due to mature on Sunday 1 October 2023, appeared in my current account at 01:51 that day.

Cannot fault the speed of their transfers tbh.

I agree. Would use Atom again in a heartbeat if only they would increase their rates back to something sensible.