Atom Bank offers new savings rates of up to 2.40%

One-year fixed savers now offer a gross annual rate of 2%, rising to 2.10% for a two-year fixed saver, 2.20% at three years and 2.40% at five years.

Clare Framrose, Atom’s Head of Customer Propositions, said: “Savers have had a tough deal with traditional banks, and we are determined to offer something better.

“We are absolutely delighted to offer a wider and more competitive range of Fixed Savers. We truly believe in giving customers the best products and experience we can, without the pain and frustration you can get with traditional providers.

"Being purely digital, we are able to operate a lower cost model and pass these savings back through great interest rates, and as a UK licensed bank we offer full FSCS protection on savings, to provide extra reassurance to our customers.”