Atom Bank has taken the fixed rate bond market by storm today with the launch of its improved range of Fixed Rate Savers. We have also seen
Kent Reliance take charge in our easy access best buy table, following the launch of a new version of its easy access account.
Atom Bank's new range of Fixed Rate Savers all have market-leading rates, which perhaps shows a sign of intent from the provider.
1 Year Fixed Saver - 1.80% gross/AER
2 Year Fixed Saver - 2.00% gross/AER
3 Year Fixed Saver - 2.20% gross/AER
5 Year Fixed Saver - 2.40% gross/AER
It is interesting to see that
Atom Bank's 3 year account matches the rate on offer from
NS&I's Investment Guaranteed Growth Bond. However, the account has a far higher maximum deposit when compared to the £3,000 maximum from NS&I and also offers the option of monthly interest payments.
It is important to be aware that accounts with
Atom Bank must be applied for and managed via the provider's mobile app.
Turning our attention to the easy access market, we have seen a new market leader in the shape of
Kent Reliance, with its new easy access account paying
1.15% gross/AER.
To see how these accounts compare to others currently available, please refer to our
best buy tables.
If you would like any help with your savings, please call us on
0800 321 3581, we’d love to hear from you.
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