Savers have been given a boost after Atom Bank launched a market-leading two-year fixed account offering 2%.

App-only Atom Bank today unveiled its latest fixed savings rates, meaning it's now a best buy for one, two, and five-year savings, and joint market leader on a three-year fix, in our Top Savings Accounts guide.

Atom is a challenger bank it doesn't have any high-street branches and operates via an app, which is available on Android or iPhone.

Atom unveiled the first of its fixed savings products last year and has since launched a range of mortgages. It hit headlines in April by offering a record-low 1.29% five-year fixed mortgage, though this only lasted a week.

Martin Lewis
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What new deals has Atom launched?

Here's a full rundown of what Atom is offering:

  • One-year-fix 1.8% (next best, Kent Reliance at 1.7%)
  • Two-year fix 2% (next best, Secure Trust Bank at 1.85%)
  • Three-year fix 2.2% (joint market leader with NS&I)
  • Five-year fix 2.4% (next best, Paragon Bank at 2.25%)

See Fixed savings accounts for full details on how the accounts compare.

With all four Atom accounts, interest is paid annually or monthly. There's a minimum deposit of 50. You can save up to 100,000 across all Atom bonds, though only the first 85,000 is protected under the Financial Services Compensation Scheme.

Boost for savers as Atom launches market-leading 2% two-year savings account
Atom Bank has boosted its fixed savings rates