Compare UK Digital Banks
Independent reviews of digital & app based banking
Atom Bank Review
Atom Bank is a UK digital bank that specialises exclusively in savings accounts and mortgages. Operating without physical branches or a current account, it focuses on delivering competitive interest rates and a fully digital mortgage experience through its mobile app. It is designed for savers and homeowners looking for a high-performing, specialist provider.
FSCS Protection — If you want to understand how the £120,000 FSCS guarantee protects your savings, click here to read our helpful guide →
Key Features
| FSCS Protection | Yes — up to £120,000 per person across all your Atom accounts |
| Monthly Fee | £0 — No fees on savings accounts or mortgages |
| Current Accounts | No — Atom Bank does not offer personal current accounts or debit cards for everyday spending |
| Savings Accounts | Yes — Includes Instant Saver, Instant Saver Reward, Fixed Savers (6 months to 5 years), and an Easy Access Cash ISA |
| Credit Card | Not offered — Atom Bank does not provide any spending cards |
| Spending Abroad | Not applicable — No current account or debit card |
| App Features | Savings management, mortgage tracking, biometric login (Face, Voice, Passcode), interest rate dashboard |
| Loans | Yes — Specialises in residential and commercial mortgages, offered through brokers |
| Top Savings Rate | 4.85% AER (variable) — Reward rate on the Instant Saver Reward account |
Atom Bank at a Glance
- A UK digital bank offering some of the market's most competitive instant-access and fixed-term savings rates, alongside digital mortgages. It does not provide a current account, card, or day-to-day banking features.
Atom Bank Services
Atom Bank provides a range of savings products including instant-access and fixed-term accounts. Its other core service is a fully digital mortgage platform for application and management. It does not offer current accounts, debit cards, overdrafts, or personal loans.
✅ Pros
- Consistently offers some of the most competitive savings rates in the UK
- FSCS protection up to £85,000 on eligible deposits
- Fully digital mortgage application and management
- No monthly fees on savings or mortgage products
- User-friendly app with strong security (biometric login)
- Clear focus as a specialist provider
⚠️ Cons
- No personal current account for day-to-day banking
- No debit card, ATM access, or spending features
- Cannot be used as a standalone bank; requires a separate current account
- Limited product range beyond savings and mortgages
- Fixed-term savings accounts penalise early withdrawals
- Mortgage products are not available to everyone and depend on credit assessment
Why We Like Atom Bank
We like Atom Bank because it excels in its specialised fields. By focusing purely on savings and mortgages, it avoids feature bloat and delivers exceptional value through top-tier interest rates and a streamlined digital experience. It's the ideal complement to a traditional current account for anyone serious about saving.
How We Compare Digital Banks
Atom Bank occupies a unique niche. Unlike all-in-one digital banks like Monzo or Chase, it is not designed for daily spending. Instead, it is a powerful specialist that works best alongside a primary bank, competing directly with other savings-focused platforms by offering consistently leading rates.
Financial Information Disclaimer
The information on this website is provided for general guidance only and may not always reflect the latest fees, rates, or terms offered by each bank. While we do our best to keep content accurate and up-to-date, you should always check the bank’s official website or app before applying for an account. Nothing on this site constitutes financial advice.
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