Savings Interest Rates, Switch Offers and Guides for Revolut

Who they are

Revolut was founded in 2015 as a travel finance app and has grown into something considerably bigger. It began as a mobile app linked to a prepaid card for spending abroad and foreign exchange, before expanding into banking, business accounts, lending, subscriptions, investments and cryptocurrency services. Today, in the UK alone - where the firm is headquartered - it has 13 million customers.

The big regulatory news for UK savers is that Revolut received its full UK banking licence from the PRA on 11 March 2026, ending a five-year process that began in 2021. Before that, it operated primarily as an e-money institution, which meant no FSCS cover on deposits. That has now changed. Revolut Bank UK Ltd is fully licensed in the UK, authorised and regulated by both the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), the same regulatory framework as every other bank in the country.

Savings accounts

Revolut currently offers three savings products for UK customers, and the detail matters more than the headline numbers.

The Instant Access Savings account carries a headline rate of 5.00% AER (variable), but this is an introductory promotional rate for new Revolut savings customers only, on balances up to £25,000. Once the promotional period ends, your rate drops to the standard plan rate - for example, 2.90% AER on the Standard plan. If you hold more than £25,000, the excess earns the lower plan rate immediately, giving you a blended return that will be noticeably less than 5.00%. It is a genuinely competitive rate while it lasts, but set a reminder before it expires.

The Weekly Savings account functions as a regular saver, paying 2.90% with a minimum balance of £10 and instant access. There is no bonus component to watch out for here.

Revolut also offers a Stocks and Shares ISA. Returns on this depend entirely on investment performance rather than a fixed or variable interest rate, so it sits in a different category to cash savings altogether. Uninvested cash within the ISA is protected up to £120,000 by the FSCS, while investments are protected up to £85,000.

On FSCS protection - all three products carry FSCS coverage up to £120,000, in line with the current limit following the increase that came into effect in December 2025.

Is it right for you?

Revolut suits savers who are already in the Revolut ecosystem and want to put their cash to work without opening a separate account elsewhere. The promotional easy access rate is one of the most competitive available right now for new savings customers, and the instant access feature keeps your money flexible.

That said, it rewards attention. The introductory rate has a cap and an expiry, and the standard plan rate is considerably lower. If you hold a large balance or plan to stay put without reviewing, the effective return will look quite different from the headline. Revolut is also entirely digital - there are no branches, so if you prefer to manage money face to face, it is worth considering whether that suits you.

There are currently no switch offers available for Revolut.

Rates are variable and the live figures on this page reflect the most up-to-date position - always check those before making a decision.