Atom Bank Deals

Atom Bank Deals & Discounts

4 hot deals
Atom bank 1 year fixed saver: 1.95% AER
281°
Found 7th NovFound 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 Parago… Read more
Get dealGet deal

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.

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

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!

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

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.
Atom Bank: Two-year fixed rate mortgage 1.09%, £900 fee, remortgages only
234°
Found 26th OctFound 26th Oct
App-only bank Atom has re-vamped its mortgage rates. The best deal is a two-year fixed rate mortgage at 60% LTV (so you need 40% equity) for re-mortgage customers. The rate is 1.… Read more
Editor
Get dealGet deal

I think it has changed. Lucky as my application is already on going I managed to get this rate.

Spoke to a 2nd broker - same deal, 1.29%. Guessing it's too late to get above headline rates.

Hi folks,

Anyone apply in the last few days? I'm being offered 1.29% with a 900 fee! I mentioned this thread and he said the rates have recently changed. Should I believe this?

Just currently going through an application for this. So thanks OP. Fantastic rate. Not sure what the best atom rate is currently as they don't advertise them

I would avoid Atom Bank and and also avoid using the online broker Habito.

I went through the process a few months ago. The advisor from Habito was unhelpful, and it was very difficult to get any sort of update throughout the process. Without updates, I couldn't update the agent, who couldn't update the vendor, who then thought I was playing games and purposely delaying and threatened to pull out.

The worst was that one day I was told that the mortgage has been approved, mortgage letter being issued next day. So I went to update my solicitor, estate agent, and vendor that we were ready to proceed to exchange. Then two days later, agent from Habito rang up, said that Atom Bank made a mistake, marked the wrong status on my mortgage, and actually it would take another few weeks!

Don't know where the fault lied - Atom or Habito - in this case. Atom seemed disorganised and new at offering mortgages (only started in March/April), and Habito pretends they are "revolutionising" the broker industry, but in fact they have green mortgage brokers who don't care about customer service.

So before you use a smaller bank for a mortgage, weigh the risk of delays or things going wrong, compared to say a more established bigger mortgage lender.
Edited by: "boonkoh" 29th Oct
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1.84% 5 year fixed rate mortgage, No Fees, 65% Loan to Value Mortgage Product.  Digital - Atom Bank
266°Expired
Found 6th OctFound 6th Oct
Digital Mortgages (Atom bank) are offering the above rate exclusively through London & Country Mortgage Brokers. No product or reservation fee plus free legal fees for remor… Read more

senukas7th Oct

Their launch deal was 5 years 1.29% with £900 fee which we got. All …Their launch deal was 5 years 1.29% with £900 fee which we got. All process went quite smoothly, especially on bank side, managed to get £105 TBC cashback from Mortgage Simplicity too. I would definitely recommend them.

That was a good deal haven't seen anything batter than this deal since than.

Go via mortgage simplicity you can get cashback via quidco and they have very good service as well

Just in process of moving with Santander, have a lifetime .75% tracker through Alliance & Leicester, porting that and topping up with 2 year 1.09% tracker, can exit at any time, from first call to morgage offer, less than two weeks, online tracker. no complaints.

HSBC is withdrawing some of its fixed deals today (I can foresee an interest rate rise there!). Bank of Ireland has already upped some of its fixed rates.

Dr_Lovegod6th Oct

Santander .... pirates. Read the comments inept organisation …Santander .... pirates. Read the comments inept organisation administrative nightmare. Discuss.

Been with Santander since they were Abbey. Never had any issues. I just switched my mortgage to them and the process went very smoothly. Obviously your mileage may vary.
Fixed saver rates up to 2.50% at Atombank
73°Expired
Found 5th SepFound 5th Sep
Tired of low interest rates. Grab these deals while available. All government backed.: 1 Year Fixed Saver Annual interest … Read more

Watch out tying yourself up for more than 2 years as interest rates may go up during that time or soon after. Also the extra interest offered above 2 years is minimal. I believe this product is only available via a mobile app. which does not suit me and quite a few other people, thus restricting the product to fewer potential customers.

Most reviews seem very poor on Trustpilot, scroll down past the couple of 5* reviews at the top, one of which, from Emelia, seems to be blaming the age of customers for the problems that they are experiencing, and states:-
Fantastic! Why can't every bank be like this? Every document is accessible on the App and they kept us up to date through our entire mortgage process. Very refreshing bank and good customer service on the one occasion I had to call up. I can understand why older people might not like the phone/app only method they use but for a 27 year old it's perfect!
uk.trustpilot.com/rev….uk
5 Year Fixed Rate Mortgage 1.29% @ Atom Bank
1438°Expired
Found 12th AprFound 12th Apr
Atom Bank is to offer a five-year fixed-rate mortgages this week, with the highlight being a record-breaking rate of just 1.29% if you can borrow 60% of your home's value. The 1.2… Read more
Get dealGet deal

Been dragging this out for months, surprised they let me lol but I accepted their offer today

senukas

It was remortgage. All process from application to completion took under … It was remortgage. All process from application to completion took under 7 weeks (although I could have completed a week earlier if I wanted). Solicitors done their job within 2 weeks and we waited for my desired completion date.



​thats great.
my broker was very good however "One ill patient" O'Neals are very slow and not the best.

humadoon

congratulations was it a remortgage? how long it took you after … congratulations was it a remortgage? how long it took you after completion from Atom with solicitors?


It was remortgage. All process from application to completion took under 7 weeks (although I could have completed a week earlier if I wanted). Solicitors done their job within 2 weeks and we waited for my desired completion date.

hughwi

didnt get it did you?



​hsbc deal is pretty good

senukas

Completed my mortgage today! Very happy with the overall experience and … Completed my mortgage today! Very happy with the overall experience and worry free for the next five years



​congratulations was it a remortgage? how long it took you after completion from Atom with solicitors?
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2% fixed rate saver 1yr [min £50] via app only @ Atom Bank
74°Expired
Found 2nd MarFound 2nd Mar
found via MSE. https://www.atombank.co.uk/fixed-saver. full FSCS protection. 2yr and 3yr fixed also.

squiby

​i can only think (wishful) that a rate rise must be on the horizon.. t … ​i can only think (wishful) that a rate rise must be on the horizon.. they want people to lock in now at lower rate.



I don't think so - this rate has now gone down to 1.6%. Was just about to go for it too! I'll have to look at other options now, but I suspect this product will still offer the best rate.

Dedcon

I cannot see how they can afford to give interest rates so much higher … I cannot see how they can afford to give interest rates so much higher than other banks and having not heard of them before it makes me a bit dubious. I know they Have FSCS but I can't help thinking 'if something seems too good to be true'.



​i can only think (wishful) that a rate rise must be on the horizon.. they want people to lock in now at lower rate.

Dedcon

I cannot see how they can afford to give interest rates so much higher … I cannot see how they can afford to give interest rates so much higher than other banks and having not heard of them before it makes me a bit dubious. I know they Have FSCS but I can't help thinking 'if something seems too good to be true'.


Very little overhead from what I can see, with big backers (BBVA) looking to the future of banking.

Aren't these guys billed as the "future" of banking? App only, no branches... kind of like banking for me now anyway (_;)

Heat OP, might be in the market soon for some fixed term savings.
Edited by: "slipd" 2nd Mar

I cannot see how they can afford to give interest rates so much higher than other banks and having not heard of them before it makes me a bit dubious. I know they Have FSCS but I can't help thinking 'if something seems too good to be true'.