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Atom’s improved bonds storm Best Buys

Atom’s improved bonds storm Best Buys

Category: Savings
Author: Lieke Braadbaart
Date: 22/05/2018

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Atom Bank has increased selected fixed bond rates by up to 0.15%, which sees its one-year offer jump into third place, while its two and three-year deals also take up competitive places in the Best Buy charts for their respective sectors. All earn a high rating as a result.

The basics…

The 1 Year Fixed Saver now boasts a competitive rate of 1.95%, paid on its anniversary, while the two-year equivalent pays 2.10% and the three-year version pays 2.25%. Alternative versions of these accounts which pay a slightly reduced rate on a monthly basis are also available.

The finer details…

These accounts require a minimum investment of £50. Additions are allowed for one week after account opening, but early access is not permitted, so savers may want to check that they won't need their funds for the entirety of their chosen term. As the UK's first mobile-based provider, these accounts can only be opened via Atom's smartphone app.

Why we like them…

With all rates having improved enough to earn them a place in the Best Buys, not to mention the low minimum investment, these bonds are certainly worth considering and easily deserve their high rating.

Moneyfacts rating: Excellent

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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