Can I open a joint savings account with Atom Bank?

No, savings accounts from Atom Bank can currently only be opened on an individual basis.

What happens when my Atom Bank fixed rate saver matures?

As your maturity date approaches, you'll be sent reminders about providing instructions and deciding what you would like to do with your account. You must do this when you receive the notification 3 days before maturity, and you can do it through the app.

Atom Bank saving accounts review

Atom Bank was founded in 2014 as the UK’s first app-based bank. It was also the UK’s first digital-only bank to be granted a regulatory licence.

As well as offering mortgages and business loans, Atom Bank also offers a range of savings accounts.

Atom Bank's top savings rate of 4.75% is available on one of its easy access accounts.

Easy access

Fixed-rate bonds

Easy access savings accounts

Table: sorted by interest rate

Atom Bank's best easy access rate of 4.75% is significantly lower than today's market-best rate of 6.89%.

1 - 3 of 3

Product	Account type	Withdrawals	Min. opening balance	Rate	Deposit protection	Open via
Atom Bank – Instant Saver Reward	Variable		£0	4.75% AER variable	protected	Open via: mobile app.	Go to site View details	loading Fetching your data...
Atom Bank – Instant Saver	Variable	Instant access	£0	3.25% AER variable	protected	Open via: mobile app.	Go to site View details	loading Fetching your data...
Atom Bank – Instant Saver Reward	Variable	Instant access	£0	3% AER variable	protected	Open via: mobile app.	Go to site View details	loading Fetching your data...

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Compare more instant and easy access accounts up to 6.89%

Fixed-rate bonds

Table: sorted by interest rate

Atom Bank's best fixed-rate bond rate of 4.15% is slightly lower than today's market-best rate of 4.65%.

1 - 5 of 12

Product	Rate	Invest	Interest paid	Withdrawals	Open via	Deposit protection	Open via
Atom Bank – 6 Month Fixed Saver	4.15% AER fixed for 182 days	£50 - £100,000	On maturity	Withdrawals not permitted	Mobile app	protected	Open via: mobile app.	Go to site View details	loading Fetching your data...
Atom Bank – 6 Month Fixed Saver	4.15% AER fixed for 182 days	£50 - £100,000	Monthly	Withdrawals not permitted	Mobile app	protected	Open via: mobile app.	Go to site View details	loading Fetching your data...
Atom Bank – 1 Year Fixed Saver	4% AER fixed for 1 year	£50 - £100,000	Anniversary of account opening	Withdrawals not permitted	Mobile app	protected	Open via: mobile app.	Go to site View details	loading Fetching your data...
Atom Bank – 2 Year Fixed Saver	4% AER fixed for 2 years	£50 - £100,000	Monthly	Withdrawals not permitted	Mobile app	protected	Open via: mobile app.	Go to site View details	loading Fetching your data...
Atom Bank – 3 Year Fixed Saver	4% AER fixed for 3 years	£50 - £100,000	Anniversary of account opening	Withdrawals not permitted	Mobile app	protected	Open via: mobile app.	Go to site View details	loading Fetching your data...

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Compare more fixed-rate bonds up to 4.65%

What is Atom Bank's best savings account with the highest interest rate?

The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.

Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Atom Bank offers, plus the highest interest rate currently available.

Savings account types include	Easy access, fixed-rate bonds
Best easy access rate	4.75%
Best fixed-rate bond rate	4.15%
Fixed bond terms	6 months - 5 years
Opening options	Mobile app
FSCS protection

How to open an Atom Bank savings account

To open a savings account with Atom Bank, you will need to be at least 18 years old and a UK resident. To open an instant access account, you will also need to have a UK current account so that your savings and current accounts can be connected.

To apply for an account, you will first need to download the Atom Bank app (if you’re a new customer). Once you have downloaded the app, tap on “New customer, get started”, select the account you want and then tap “Apply”.

Completing your application via the app should only take a few minutes. You’ll need to provide a few personal details, such as your name, address and date of birth and set up your security. As part of the security set-up, you will need to provide a 6-digit passcode, a scan of your face and a recording of your voice.

Atom Bank will also run an identity search with a credit reference agency but for savings accounts, this will only leave a “soft footprint” on your credit file so it won’t affect your credit history.

Documents needed to open an account

When you apply for a savings account, you don’t need to provide any paper documents. Atom Bank will instead verify your identity electronically through the app.

Is Atom Bank safe?

Yes, Atom Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and PRA. This means all eligible deposits are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS).

Pros and cons

Pros

Easy to open an account. Quick to open via the app and no paper documents required.
Flexibility. Range of accounts available, whether you want to lock your money away or easily access your funds.
FSCS protection. Money in accounts will be protected up to £85,000 per person.

Cons

App access only. You can only open and manage your account via the app.
Limited account balances. You can only save up to a maximum of £100,000 across all Atom Bank fixed rate accounts, and £200,000 across all Atom Bank savings accounts.

Our verdict: Is a savings account from Atom Bank worth it?

If you’re happy to manage your account via an app, the savings accounts on offer from Atom Bank are well worth a look. Both the easy access and fixed rate options pay competitive rates of interest and the application process is quick and easy.

However, if you’re looking for an alternative way to bank or an alternative type of account such as a cash ISA or regular saver, you’ll need to look elsewhere.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

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★★★★★ Brian (Birmingham) 3 months ago