Savings update: newcomer Atom tops chart with 1.4% deal

17 October 2016

Atom Bank has launched new top-paying fixed rate bonds at 1.4% and 1.65% for two years. You have to download the bank's app to run an account.

Other top one year deals include Charter Savings Bank at 1.38%. The bank pays a higher 1.4% if you are willing to tie your money up for 18 months.

The best you will do on an easy-access account is 1% on offer from Shawbrook Bank Easy Access 5, Coventry Building Society Easy Access 3, Kent Reliance Easy Access 16, Paragon Bank Easy Access and RCI Bank Freedom account. With the latter, you are covered by the French compensation scheme which pays out up to €100,000 (around £86,000) and not by our home Financial Services Compensation Scheme which gives up to £75,000. These rates are variable and could be cut at any time.


Other top deals

On easy-access tax-free cash Isas top rates include 1.1% from Coventry Building Society but you can't transfer your existing Isa savings into this account.

Family Building Society Market Tracker Nisa pays 1.09% and accepts transfers.

The best one-year fixed rate cash Isa comes from banks Aldermore and Kent Reliance banks at 1.1% while Skipton Building Society along with Co-op and Tesco banks pay 1%.

For two years Julian Hodge Bank pay 1.2% and Aldermore and Kent Reliance 1.15%.

  • This article was originally written for our sister publication, Money Observer.


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