Compare savings accounts and rates

Yes, our Instant Saver, Instant Saver Reward and Fixed Saver savings accounts allow you to earn interest on your funds. Rates will differ between each product and at different times, so it’s best to compare beforehand to find the right savings account for you.

Please note: If you don’t provide maturity instructions for a Fixed Saver, and you don’t have an Instant Saver with us, we’ll move your funds to a Holding Account, where you’ll typically earn a lower rate of interest than our other accounts.

Generally, opening a savings account will not impact your credit score.

Most banks and building societies will carry out a soft credit check when you open a savings account. A soft check allows them to verify your identity and assess risk, it does not affect your credit score. On some occasions, banks and building societies may carry out a hard check, which will appear on your credit history.

Here at Atom bank, we only carry out a soft check when you open a savings account with us, so there will be no impact to your credit record.

How much you save can depend on a few factors, such as your disposable income, personal circumstances, debt level and what it is you’re saving up for.

For example, if you’re saving up an emergency fund, it’s generally recommended that you save up three to six months’ worth of living expenses. This should leave you with enough money to cover any unexpected costs, like a loss of job, car repair or vet bill.

The most important thing to remember is that you should be comfortable with the amount that you’re putting away each time, and that it’s not stretching you financially.

If you would like more information on how to save more money, how to boost your savings or how to save for your first home, please check out our savings knowledge hub.

Take a moment to think about what you want to get out of your savings journey.

Are you just starting out and building your funds from scratch? Looking to get into a groove with your savings habit and stick to it? Or, have you already reached a good level of funds and want to earn some interest?

At Atom bank, we’ve got savings account options to suit different ways of saving.

For instance, if you just want to put away a little bit at irregular intervals and have full access to your money, our Instant Saver may be ideal.

Or, if you want to make progress with your savings and get rewarded with a higher rate for doing so, our Instant Saver Reward might be just the ticket.

On the other hand, if you already have a lump sum you’ve saved up and you want to put it to work, locking in a good interest rate in one of our Fixed Savers might be just right.