Atom Bank, launched in 2016, holds the distinction of being the UK’s first app-only bank. With no physical branches or traditional online banking interface, Atom has set up an new industry standards.
“Very straightforward and easy to operate, love the app.” – Smart Money People Reviewer
Is Atom a real bank or just an app? Atom is a licensed bank that has been provided authorization by Predential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA). Also your savings in app are covered in case of company bankrupcy up to £85,000.
Atom bank focuses on Savings, Mortages, and Loans. Its not a classical online banking app like Revolut. You will not get your bank account number or card to spend money with. What you need to do to use Atom Bank is connect your UK personal bank account to the app. After connecting you can send or withdraw money from the Atom Bank. Atom Bank currently give 4.5 annual equivalent rate for savings account which is really competitive.
What kind of returns can I expect from fixed rate savings accounts?
If you put £10,000 for a year you can expect around £409 in returns.
User Reviews
Trust Pilot4.9/5 from over 15,900 reviews.
App Store: 4.9/5 from 59k+ reviews.
Google Play: 4.8/5 from 16k+ reviews.
Atom Bank is a solid choice for digitally savvy users looking for great savings rates and a frictionless mobile experience. The app is sleek and modern, interest rates are competitive, and support is readily available.
Our advice? If you’re comfortable with app-based banking and keep your deposits within the FSCS limit, Atom Bank offers a secure and rewarding alternative to traditional banks and gives you easy way to start saving your money.
Sign up here: https://www.atombank.co.uk/
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