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How is interest on Savings Vaults calculated and paid?

The interest rate can vary depending on your Pricing Plan. To see the rate and when you can expect your next interest payment, tap on your Savings Vaults under ‘Vaults’ tab on the Home Screen or 'Vaults' icon in Marketplace ('Hub' from app version 8.0) in the app, and check the ‘Deposit’ section.Through the Revolut app, you can create more than one Savings Vault. Although you see these as separate Savings Vaults within the Revolut app, they are viewed as one single deposit by Sutton Bank. As they are viewed as one single deposit, this means that interest is paid on that single balance in one single payment.

Interest is calculated based on the deposit balance at the partner bank each day, and is paid on a monthly basis. When we receive this payment, we distribute it across your Savings Vaults in the same way as it would have been distributed if our partners paid it to each Savings Vault individually. This means the interest is split based on the balances of the Savings Vaults at the time that the interest was calculated by Sutton Bank.

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