New banks.
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Malt290
Posts: 108 Forumite
Hello.
Are there any particular things you should look out for when maybe investing in savings with newer banks?
I've been reading the "Streambank" Web page with regards to their fixed-term account but have never heard of them before.
But there again, 95% of the banks/BS lve never heard of.
Are there any particular things you should look out for when maybe investing in savings with newer banks?
I've been reading the "Streambank" Web page with regards to their fixed-term account but have never heard of them before.
But there again, 95% of the banks/BS lve never heard of.
0
Comments
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Check that they are registered as a bank in the UK and therefore regulated."Never retract, never explain, never apologise; get things done and let them howl.”1
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Check that
- they are on the FCA Register and
- are offering FSCS protection
- that you are on their actual website / use their app from an official app store, rather than a cloned site.
Note, there are about a dozen others offering better rates than Streambank
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They are regulated and have FSCS protection but there are better rates out thereFRN 9548761
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friolento said:Check that
- they are on the FCA Register and
- are offering FSCS protection
- that you are on their actual website / use their app from an official app store, rather than a cloned site.
Note, there are about a dozen others offering better rates than Streambank0 -
ColdIron said:They are regulated and have FSCS protection but there are better rates out thereFRN 9548760
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ATOM Bank looks good deal?
1 year fix and can add cash??0 -
Malt290 said:ATOM Bank looks good deal?
1 year fix and can add cash??
They have been around for some time, and sometimes have market leading rates.In common with nearly all fixed term accounts from any provider, their fixed term accounts have a limited deposit window. The T&Cs of any given account will detail what the deposit window is..1 -
Malt290 said:ATOM Bank looks good deal?
1 year fix and can add cash??
You just need to ensure you don't let your phone's Android or iOS operating system get too far out of date in order that it can still run the app, as Atom don't have an online banking website.
Their fixed rate accounts have a 7 day funding window.1 -
friolento said:Malt290 said:ATOM Bank looks good deal?
1 year fix and can add cash??
They have been around for some time, and sometimes have market leading rates.In common with nearly all fixed term accounts from any provider, their fixed term accounts have a limited deposit window. The T&Cs of any given account will detail what the deposit window is..0
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