Easy access
Atom Bank savings accounts review
Atom Bank offers a broad range of savings accounts with interest rates up to 4.75%.
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 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
Fixed-rate bonds
Table: sorted by interest rate
Atom Bank's best fixed-rate bond rate of 4.4% is very slightly lower than today's market-best rate of 4.7%.
1 - 5 of 12
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 | 4.4% |
| 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.
FREE interest rate alerts
Sign up to receive the latest deals, expert tips, and a chance to win £800! (T&Cs)
Error placeholder Click here to sign in
All user-submitted reviews must meet our review guidelines. These set out our standards and expectations, including that the review is from by a genuine user of the relevant product or service and that it is honest, authentic and respectful. We explicitly prohibit fake or otherwise misleading reviews and we check all submissions, but we make no guarantee as to the authenticity of any published review or reviewer. Some reviews may be submitted (regardless of sentiment) in exchange for entry into any competition(s) for which we are the promoter.
0 of 0 reviews
More resources on Finder
More guides on Finder
-
Working from home statistics: How many people work from home?
Our research found that 41% of Brits work from home at least some of the time as of September 2024. We look at who is working from home and how working from home affects productivity.
-
Zopa savings account review
Compare Zopa’s savings accounts, including interest rates and accessibility.
-
Best savings accounts for April 2025
Find out more about the different types of savings accounts on offer.
-
How much money should I have in savings?
See how much money people your age have in savings, and learn how to boost your savings balance if it’s below average.
-
Compare savings accounts with compound interest
We look at the definition of compound interest, what it concretely means and how you can use it to grow your savings more quickly.
-
Raisin UK review
Raisin UK is a marketplace for savings accounts. Our review looks at how the platform works, as well as its pros and cons.
-
Best Virgin Money savings account rates compared
Thinking about getting a savings account with Virgin Money? We look at the options, from cash ISAs to regular savings accounts, plus pros and cons.
-
Newcastle Building Society: Savings accounts and interest rates
Looking to save with Newcastle Building Society? Our guide walks you through its different savings account options.
-
The Family Building Society: Savings accounts overview
The Family Building Society offers a range of savings accounts and junior savings accounts. Find out if one is for you or your family here.
-
Compare high interest & high yield savings accounts
Kickstart your savings plan with a high interest savings account.