Revolut Launches 4.5% Easy-Access Savings Account for New UK Customers

Revolut has launched a new easy-access savings account offering 4.5% AER (variable) for UK customers, positioning it among the most competitive instant-access rates currently available.

The new account, called Revolut Promo Rate Instant Access Savings, is powered by ClearBank and is available to new savings customers only for a limited time.

Key details at a glance

• Interest rate: 4.50% AER (variable)

• Maximum balance at promo rate: £20,000

• Account type: Easy / instant access

• Interest calculation: Calculated daily and paid the next working day

• Withdrawals: Allowed at any time via the Revolut app

• Provider: ClearBank (via Revolut)

• FSCS protection: Up to £120,000 per person, per bank

Who is eligible?

To qualify for the 4.5% promotional rate, you must:

• Be a UK Revolut personal account holder

• Be 18 or over and a UK tax resident

• Not have previously opened a Revolut savings account with any partner bank

• Open the account between 10 December 2025 and 22 January 2026

Existing Revolut users who have already held a savings account will not be eligible for the promotional rate.

How long does the 4.5% rate last?

The boosted 4.5% AER applies to eligible balances until 31 July 2026.

After this date, the account will automatically switch to Revolut’s standard Instant Access Savings account, with the interest rate depending on your Revolut subscription plan. Revolut has confirmed customers will be notified in advance of the change, and the account can be closed if preferred.

What happens to balances above £20,000?

Any balance above £20,000 earns interest based on your active Revolut plan:

• Standard / Plus: 3.00% AER

• Premium: 3.25% AER

• Metal: 3.51% AER

• Ultra: 4.00% AER (up to £200,000)

Interest is calculated daily across all personal instant-access savings accounts held with Revolut.

FSCS protection and security

Funds are deposited with ClearBank, a UK-regulated bank. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per bank.

As with all savings accounts, customers should be aware that FSCS protection applies across all accounts held with the same banking institution.

How does this compare?

The 4.5% rate matches the current headline easy-access rate offered by Chase UK, though Chase’s rate is also restricted to new customers. This makes Revolut’s new offer particularly relevant for savers who have already used Chase and are currently earning a lower rate on instant-access cash.

Our take

Revolut’s new promo savings account is a competitive short-to-medium-term option for new savers looking to earn a strong rate without locking money away. However, eligibility restrictions and the expiry of the promotional rate mean it’s worth understanding what happens after July 2026 before applying.

As always, savers should compare rates, limits, and access conditions carefully before moving money.

You can view the full promotional rate terms, eligibility criteria, and summary box directly on Revolut’s website.: https://www.revolut.com/legal/promo-rate-savings-25-terms-and-summary-box-clearbank/