Instant Access Savings

Give your savings a boost

Open a Savings account for a limited-time boosted rate of 3.5% p.a. (variable), up to NZ$50,000, for your first 4 months. Fees and T&Cs apply

Get started

The 3.5% p.a. variable rate is a limited-time offer for new Revolut customers only. Join Revolut Bank during the Promotion Period from 3 November 2026 to 3 February 2027 and open a personal Instant Access Savings account within 1 month to be eligible to receive the Boosted Rate for 4 months. Normal Instant Access Savings variable rates will apply on deposits above $50,000 and after 4 months; and depend on your plan, from 2% p.a. on our Standard plan to 3% on our Ultra plan. Plan fees may apply. For combined saving balances above NZ$50,000 variable plan rates will apply. For more information see the Interest Rates and Fees page, Promotion T&Cs, and Instant Access Savings T&Cs.

Simple and protected savings

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

  1. No minimum balance

    Forget minimum deposits or balance growth requirements. Here, you can earn great rates on your savings balances every day.

  2. Access anytime

    Make unlimited withdrawals from your savings instantly and for no-fee whenever you like. Interest paid daily is yours to keep, even if you withdraw mid-month.

  3. Depositor Protection

    Savings accounts are protected under the New Zealand Government Depositor Compensation Scheme (DCS) up to NZ$100,000. Learn more about DCS.

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
3.5%
p.a. (variable) for your first 4 months

It all adds up, fast.

While most banks pay interest monthly, we do it daily. Every day, the interest you earn is automatically reinvested into your balance, allowing you to earn interest on a larger amount the very next day.

It all adds up, fast.

How to open a savings account

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

  1. Open the Revolut Bank app

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

    New customers just need to download the Revolut Bank app and sign up.

  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

Explore savings rates across our paid plans

Compare our plans

Savings account available on Standard plan at no monthly account fee at 2% p.a. (variable).

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 Depositor Compensation Scheme (DCS) ²Eligible deposits are protected by the Depositor Compensation Scheme (DCS) ²
Withdraw assets using biometric securityWithdraw assets using biometric security
Eligible deposits are protected by the Depositor Compensation Scheme (DCS) ²Eligible deposits are protected by the Depositor Compensation Scheme (DCS) ²
Algorithms built to detect suspicious activityAlgorithms built to detect suspicious activity
Algorithms built to detect suspicious activityAlgorithms built to detect suspicious activity

¹Paid Plans have a term of 12 months. You may cancel or end your Paid Plan subscription at any time subject to any applicable notice period. However, you will be billed until the end of the relevant notice period. Please read the Paid Plan Terms and Fees and Charges Section for each of our plans for further details.

² Eligible deposits held in NZD are protected up to NZ$100,000 under the Depositor Compensation Scheme (DCS). Learn more on our DCS page.