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Atom Bank 6 Month Fixed

DonkeyKongF
DonkeyKongF Posts: 1 Newbie
in Savings & investments
Hi
I want to invest in the Atom 6 Month Fixed deal at 5%.
I'm just concerned about sending a large sum of money to them.
Anyone currently using them ?
I've got the app and opened the account but a little worried about sending £X000 to them
Thanks in advance 
«1

Comments

  • alanwsg
    alanwsg Posts: 792 Forumite
    Part of the Furniture 500 Posts Name Dropper
    I've used them lots, no problem at all.
    Maybe start by sending a small amount (min is £50) and checking it turns up before sending the rest.
  • Ayr_Rage
    Ayr_Rage Posts: 1,833 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    Regulated and has FSCS protection.

    Perfectly safe.

    The only issue sending large sums will be with the sending bank if Atom do not use CoP.
  • MikeJXE
    MikeJXE Posts: 3,630 Forumite
    1,000 Posts Second Anniversary Name Dropper
    I use them now with 2 fixed rate accounts ending Feb 25 and July 25

    No problems at all 
  • flaneurs_lobster
    flaneurs_lobster Posts: 5,005 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    I've had 5-figure amounts with them, no problems encountered.
  • clowning
    clowning Posts: 121 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    I’ve had many fixed savers with Atom and never had any problems
    #66
  • sausage_time
    sausage_time Posts: 1,141 Ambassador
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    I have used them for several accounts over the year - very happy with the app and some of the historical rates.
    I’m a Forum Ambassador and I support the Forum Team on the Credit Cards and Budgeting & Bank Accounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
    All views are my own and not the official line of MoneySavingExpert.
  • boingy
    boingy Posts: 1,634 Forumite
    1,000 Posts First Anniversary Name Dropper
    I've used them in the past and found them to be good and reliable.
  • LeafGreen
    LeafGreen Posts: 520 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Absolutely no problems here either, I’ve had quite a few accounts and have been very happy.  The only thing to note is they are app only so make sure you have a relatively modern device as the app might get updated and you won’t be able to log on using a PC in the traditional way.
  • jaypers
    jaypers Posts: 927 Forumite
    500 Posts Second Anniversary Name Dropper
    Atom are excellent. 
  • Bigwheels1111
    Bigwheels1111 Posts: 2,791 Forumite
    1,000 Posts Third Anniversary Name Dropper
    I had 85k with them.
    The day it matured the 85k plus interest was paid into my bank by 06.00am.
    10 out of 10 from me.
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