Atom Bank Discount Codes & Deals

Just keep an eye on atom they do seem to throw out a really good offer like this every so often. I managed to get this offer and just completed. Currently rates for 5 years are around this level but with a £1k fee. In terms of L&C they were great and had no problems processing to get to completion but the process can take 8 weeks so if you are in the last few months of your current mortgage deal period you may have to bite with a.n.other

Is there any likelyhood a deal like this will surface in the near future?

This is why I hate "middle men" - I've almost always found deals myself and had no issues but the one time I've had to use a broker it was a nightmare. Unfortunately Atom only deal through brokers so there's no option to go it alone. I found a rate with Lloyd's which is 1.25% 2yr fixed, there's a £1500 product fee but you get £200 cashback if you're a Club Lloyd's customer. I've just switched one of my current accounts to them to qualify which also gets me another £100 incentive for switching.

I'm livid. Was in the process of moving to Halifax 1.59% 5 year no fee, direct with Halifax. Signed up with Trussle to get this Atom deal as soon as it became available, uploaded all the docs etc and the advisor has finally come to submit it and the rate has been pulled. Complete and utter waste of my time.

Unfortunately I didn't grab this when I got chance. Deal has gone now if mods could please expire

A bank isn't going to be paying you to lend out their money, regardless of the rates going negative or not.

THat would induce further interest drops, wouldn't it?

By reading the press seems BOE addressed a letter to banks about negative rates. If not on next announcement start of Nov it will probably arrive in March/ May. Banks will need to step in after the 2007 bailouts

Fair enough. I went with mine specifically so that I can aggressively overpay as much as I like. I've more than halved my interest payments since I started, but would have found that frustrating calling each time.

OP rate Dropped to 1.34% as of 8am this morning 🕺🏽

Using an app is no different to using a laptop same security algorithms so yes I do know what I’m talking about

I think it's a personal thing like i said before. Your pc has only got that "reputable branded software" on it, because it's what you've chosen to put on it. Much the same as my phone has only "reputable branded apps" on it, because I have chosen to put those on it. if you secure your phone in the same way you do your PC, then give or take, your risk to exploits is more or less even.

I just checked the money saving expert premium bond calculator. I would have to put in about £17,000 to earn the same 'interest' as Atom at £10k. I'm going for the easy option.

(popcorn)

Google Play is littered with insecure apps that you install without knowing on your phone. (eg. https://mobilemarketingmagazine.com/vast-majority-of-finance-mobile-apps-vulnerable-to-hackers) My PC has nothing but reputable branded software and proprietary Security software. Your phone might be more secure than the Bank of England, but no one I know has one that is anything close to secure. Take the risk if you want, it's a free country (allegedly)

I have since moved my money into premium bonds, with NS&I. Robo Advisors were/are good but Brexit is going to cause low returns for the next few years, so bonds are the better investment. I'm also buying Disney bonds which you can buy directly from Disney, with Disney launching their Netflix rival streaming service next year, and now owning marvel we could be talking a 600% return on any investment over 5 years. You don't need to be a math genius to work out what that could mean to having just £500 in shares.

I can agree with this. Have an account with Nutmeg and this year to date I’m running at 8%.

You need a humour transplant ;)

(y)

I mean’t that the bank is not as safe as the mattress ;)

https://www.investmentweek.co.uk/investment-week/news/3020209/bank-of-england-raises-rates-to-05-for-first-time-in-decade 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.

... 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!

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

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.

Offer received yesterday. Have to say everything has been really straight forward. Had to use the app to accept. All down to the legal people now to complete in feb but I've had a simple job in remortgaging with atom. Also thanks to OP for pointing me in this direction as you cant get atom rate on comparison sites. Also avoid sainsbury I was initially trying them and the 2wk before a call back meant any deal is likely to have gone which is what happened to me first.

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

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.

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.

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! https://uk.trustpilot.com/review/atombank.co.uk

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

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

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.

​hsbc deal is pretty good

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

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.

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

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.

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'.