Atom bank 1 year fixed saver: 1.95% AER
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Atom bank 1 year fixed saver: 1.95% AER

21
Edited by:"chamelion"Found 7th Nov
Hi folks,

Atom bank's 1 year saver has gone up from 1.8% to 1.95% AER in response to the BOE base rate hike.

While it's not the full .25% increase, it brings it above the Paragon and Vanquis 1.8x rates. I expect Paragon and Vanquis to increase their interest soon - just hasn't been announced yet.

Top comments

monitor15 m ago

Yes but is it safe,don't trust transactions on android.

Too complicated now it's not safe?

Bet my tracker mortgage with Santander goes up by the full 0.25% unlike the saving account
21 Comments

Too complicated to use.

Original Poster

monitor12 m ago

Too complicated to use.


eh?

It's app based. One of the easiest processes available today and all online. What's complicated?

Yes but is it safe,don't trust transactions on android.

monitor15 m ago

Yes but is it safe,don't trust transactions on android.

Too complicated now it's not safe?

monitor16 m ago

Yes but is it safe,don't trust transactions on android.


The money is sent by your bank to Atom and can ONLY be paid back into your bank account.
No transactions other than that.

Bet my tracker mortgage with Santander goes up by the full 0.25% unlike the saving account

we have got a mortgage offer on atom bank and so far its been smooth sailing . good customer service too.

Original Poster

monitor113 m ago

Yes but is it safe,don't trust transactions on android.


Err, do you work for HSBC or something?
what is it about android transactions that you do not trust?

chamelion6 m ago

Err, do you work for HSBC or something? what is it about android …Err, do you work for HSBC or something? what is it about android transactions that you do not trust?



HSBCs mobile banking works on Android.

The app has an awful rating.

Boom!

snappyfish15 m ago

The app has an awful rating.


Yep. App is crap. But deposits are protected by FSCS..

I just invested a large amount and paid by debit card,too many scams about to trust anybody today.

blkwhte47 m ago

we have got a mortgage offer on atom bank and so far its been smooth …we have got a mortgage offer on atom bank and so far its been smooth sailing . good customer service too.


My mortgage is with them, the whole process was very painless.

An amazingly simple to use app. Fully protected.
however if you are interested get in NOW. They have a habit of pulling rates quickly.

Original Poster

bobmccluckie38 m ago

An amazingly simple to use app. Fully protected.however if you are …An amazingly simple to use app. Fully protected.however if you are interested get in NOW. They have a habit of pulling rates quickly.




It's worth noting that if you're a 40% taxpayer, consider your options. After tax this would be 1.17% AER - which is not any better than an ISA which won't lock you in.

chamelion7 m ago

It's worth noting that if you're a 40% taxpayer, consider your options. …It's worth noting that if you're a 40% taxpayer, consider your options. After tax this would be 1.17% AER - which is not any better than an ISA which won't lock you in.

£500 tax free though so only an issue if you have savings over 25k

Original Poster

dbailey1027 m ago

£500 tax free though so only an issue if you have savings over 25k


... If you're earning 2% on the lot. If you're getting 3-5% on the best accounts out there that £500 disappears much quicker!

Its great to see Atom raising their rates, but I think I'll wait for further interest rises before shifting any money about.

Askrulous7th Nov

Its great to see Atom raising their rates, but I think I'll wait for …Its great to see Atom raising their rates, but I think I'll wait for further interest rises before shifting any money about.


investmentweek.co.uk/inv…ade
There may just be 2 in the next 3 years.

If i had cash I didn't mind locked away, I'd go for this deal now.
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