Atom bank, the UK’s first app-only bank, announces the launch of its innovative new Instant Saver Reward product, providing another option for the millions of savers who are missing out on a decent rate with their current bank.
The digital bank provides great value products for savers that are simple to use and quick to open. The Instant Saver Reward encourages customers to save by providing a higher ‘Reward’ rate when no withdrawals are made in a month, while recognising that they will often need the flexibility to access their money. Crucially, if a withdrawal is made, the interest rate resets to the higher Reward rate the following month, allowing another opportunity to earn a higher rate if there is a withdrawal-free month.
