Please forward this error screen to md-uk-2. 980m a week but is boss ‘Drastic’ Dave Lewis off to Unilever? DAILY BRIEFING: Gatwick Airport saw passenger numbers increase by 2. Top paying investment banks are the tiny banks paying the big returns?
Atom Bank, launched last year, pays 1. Read this: Who are the tiny banks paying the big returns? A banking revolution is under way — and it’s terrific for savers. Already more than a dozen are up and running. And more, such as Starling, Monzo, Tandem, Civilised, Zopa and Amicus, will join the challenge in the coming months with either savings or current accounts.
New banks pay much better rates to savers willing to tie up their money in fixed-rate bonds. Unlike the big banks, they want your money so they can lend it out and grow their businesses. 8 per cent on its one-year fixed rate bond. 5 per cent on the same deal. But can you trust the new ones already up and running? When it comes to safety, they are no different from the well-established banks as your cash is covered by the UK Financial Services Compensation Scheme. 170,000 on joint accounts — if a bank goes bust.