Instant Access Savings

Get up to 5.50% p.a. on savings

Open an Instant Access Savings account for a limited-time boosted rate of 5.50% p.a. (variable), up to AU$100,000, available for your first 3 months. Fees and T&Cs apply

Get started

The 5.50% p.a. (variable) boosted rate is a time-limited offer for new Revolut customers. Eligible customers who set up a personal Instant Access Savings account within 1 month after joining Revolut will benefit from the boosted rate for 3 months. This rate will apply to combined personal savings balances up to AU$100,000. For combined personal savings balances above AU$100,000, the tiered interest rate(s) applicable to your plan applies. After 3 months, your Instant Access Savings rate will revert to the rate(s) determined by your plan. For more information see the Interest Rates and Fees page, Promotion T&Cs, Instant Access Savings T&Cs. Rates are variable. Plan fees may apply. 18+. The maximum deposit amount is AU$1,000,000.

Interest paid day after day

No waiting until the end of the month. Earn interest every day, even on the interest you’ve already made. And watch your money accelerate.

Up to
5.50%
p.a. (variable) for your first 3 months

Simple and protected savings

Daily interest without the hassle. And there’s much more working in your money’s favour too.

  1. No monthly hoops

    Forget minimum deposits, spending targets, or balance growth requirements. Here, you can save on your own terms.

  2. Access anytime

    Withdraw from your savings instantly and for no-fee whenever you like. Since interest is paid daily, you'll never lose what you've already earned.

  3. FCS protected

    Eligible deposits are protected by the Australian Government's Financial Claims Scheme (FCS) up to AU$250,000.

It all adds up, fast.

While most banks pay interest monthly, we do it daily. Every day, the interest you earn is reinvested directly into your balance. This allows you to earn interest on that larger amount the very next day, maximising your growth potential.

How to open a savings account

Put your money or salary to work in 3 simple steps.

  1. Open the Revolut app

    From the home screen, tap the account selector beneath your balance, and select "Add new".

  2. Create an account

    Scroll down and choose "Personal Savings".

  3. Add money

    With no minimum deposits, kick-start your savings journey with any amount.

Add money on your terms

Top up whatever you like, whenever you like. With no minimums or mandatory deposits, there's zero stress if your budget shifts from week to week.Get started
Add money on your terms
Set recurring transfers
Save as you spend

For when money matters most

Create and customise multiple savings accounts for different goals. That way, when the unexpected or ‘big things’ happen, you’ll be ready.

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Explore savings rates across our paid plans¹

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Savings account available on Standard plan at no monthly account fee

Your money, protected

Trusted with 67.5 billion USD in customer deposits, we protect you with proactive, purpose-built defences and offer award-winning support.

Read more
Eligible deposits are protected by the FCS²Eligible deposits are protected by the FCS²
Withdraw assets using biometric securityWithdraw assets using biometric security
Eligible deposits are protected by the FCS²Eligible deposits are protected by the FCS²
Algorithms built to detect suspicious activityAlgorithms built to detect suspicious activity
Algorithms built to detect suspicious activityAlgorithms built to detect suspicious activity

¹Revolut paid plans are a 12-month plan with an option of monthly and annual billing. You'll be able to cancel your plan anytime, however you may be charged a fee depending on when you cancel your plan. You'll still be able to benefit from the services you get for your subscription until the end of your billing cycle you have paid a subscription for, excluding any break fee. Read more under 'Fees for downgrading your Paid Plan subscription' in our Paid Plan Terms.

²AUD deposits are protected up to $250,000 per account holder. Learn more here.