Atom Bank Feedback

29 Jan 2021 to 12 May 2021, new customers were rewarded with 0.37%

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Atom Bank are expanding their mortgage products with a new Near Prime mortgage offer. This is a mortgage designed for people who don’t have an ideal credit score.

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The use of the phrase “near prime” seems to suggest that the scope will be fairly limited to people only just outside prime status, so this looks almost like a marketing thing rather than a material change.

Hopefully I’m wrong on that.

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Ive had a pretty poor mortgage experience with Atom which delayed my purchase by around 1.5 months… Ended up going with a high street provider which went by pretty quickly… Odd as I liked their app…

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Going to tell us what happened?

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I keep getting this notification this morning but when you click on it it says nothing. Does anyone know about the interest rate change?

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Yes I’m getting it all morning as well. It’s the old change down to 0.5% from last year I think.

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The answer is revealed on another forum:

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Don’t know where else to post this so here it goes

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Awesome move! We’ve done this for years as standard without impact to productivity. We actually get more work done, that’s better quality, and in less time. The longer days really aren’t necessary though, and I suspect they’ll soon learn that and cut back to somewhere between 28-30 hour weeks.

I think a lot of companies would be surprised how often they’re just paying people to sit in an office and look like they’re working whilst instead browsing forums like this.

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It’s a product roadmap for the app. So think in terms of app features and design rather than rates.

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Hopefully an app that doesn’t look like it’s been designed for toddlers, with support for built-in biometrics is on the roadmap. Although with Marcus having an app now I can’t see using Atom unless they increase their savings rates significantly

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+1 for that. Atom app is awful. Even with halfway decent rates I gave up on it in the end.

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Atom are increasing their rates as from today.

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Matches what I’m currently getting from Tandem.

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Still short of my Tesco Saver.

Can’t screenshot :man_shrugging:

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Tad higher then my Marcus …05

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Noticed this morning that my Instant Saver is now 0.75%.

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Oh nice. Might have to move some money over from my Marcus to my Atom account.

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