Atom Bank: Passes £3bn mortgage completions and £1bn savings deposits

Atom Bank: Passes £3bn mortgage completions and £1bn savings deposits

  • Atom Bank, the UK’s first app-based bank, achieved two significant milestones this week when it exceeded £3bn of residential mortgage completions 
  • Since November 2016, the bank has provided 21,700 mortgage offers worth £3.97bn and has now helped 16,400 households
  • Achieving strong and profitable mortgage portfolio growth, providing more people with the opportunity to become homeowners
  • Continues to bring its combination of app-based customer experience and competitive pricing to those parts of the market
  • Reaching £1bn in Instant Saver balances is a key moment of truth for both new tech platform
  • Instant Saver was launched to the public in September 2020 and has been gaining a significant following for the ease of account opening
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Regulators Strengthen Global Crackdown on Finfluencers

A new collaborative approach targets financial influencers amid rising concerns.Highlights: Financial regulators unite to control finfluencers' market impact.Concerns...

ECB Strengthens Digital Euro Rollout with Standard Setter Agreements

New collaborations aim to facilitate the digital euro's global integration.Highlights: ECB partners with key global standard setters.Agreements aim...

CreditNature Strengthens Nature Restoration Funding Through Everyday Transactions

New partnership enables businesses to support environmental initiatives seamlessly.Highlights: CreditNature teams up with Stabiliti for eco-friendly funding.Businesses can...

FedNow Strengthens Instant Payments Security with New API Tool

New API tool enhances security for immediate digital transactions in the U.S.Highlights: FedNow introduces a new API tool...