These Product Terms (including the Summary Box) apply from 30 September 2026 to Revolut Bank UK Ltd Personal Instant Access Savings.
Product Terms
1. Why is this information important?
These Product Terms are specific to Personal Instant Access Savings. They form part of your overall agreement with Revolut Bank UK Ltd (Revolut/us/we) and should be read together with the Savings Account Terms and the Group Framework Terms (together the Personal Instant Access Savings Terms).
If there is any inconsistency between these Product Terms and another part of the Personal Instant Access Savings Terms, the Product Terms will take priority. Capitalised terms used in these Product Terms have the meaning given to them in the Savings Account Terms, unless they are defined differently in these Product Terms.
2. What is Personal Instant Access Savings?
Personal Instant Access Savings is a Savings Account for personal use. It pays interest on your deposits, while offering quick access to your money.
We offer Personal Instant Access Savings denominated in Pounds Sterling (GBP), Euros (EUR) and United States Dollar (USD).
3. Who can open Personal Instant Access Savings?
To be eligible you must be, and continue to be:
- a Revolut Bank UK Ltd Personal Account customer who has successfully completed our Know Your Customer checks with no restrictions;
- at least 18 years of age; and
- a UK tax resident (you must notify us promptly if your tax residency changes).
You will be required to provide us with your National Insurance Number and any other relevant information we may reasonably require to open and maintain your account.
4. Paying in and withdrawing
You can pay money into or take money out of your Personal Instant Access Savings using your Nominated Account at any time via the App. Your Nominated Account for Personal Instant Access Savings is your Revolut Personal Account.
A deposit limit applies as set out in the Summary Box. The limit applies cumulatively to all Personal Instant Access Savings held in the same currency. You cannot pay in money over this threshold, but interest will continue to be paid.
When withdrawing funds from your Personal Instant Access Savings, we will pay you the money withdrawn into your Nominated Account at your request. Usually we will process these requests immediately. There may be exceptional circumstances where withdrawals are delayed or rejected for operational or regulatory reasons. If this happens, we will provide updates through the Revolut App where possible.
See section 5 (“Will you delay or reject a payment?”) of the Savings Account Terms for more information.
5. Interest
Your interest rate is variable. It may change in line with section 7 ("Can my interest rate change?") of the Savings Account Terms. The rate that applies is shown in the Summary Box and in the App.
We calculate interest each day on the money in your Personal Instant Access Savings at the end of that day, using the actual number of days in the year. Money you pay in during a day is included; money you take out is not. Interest is paid the next calendar day, on a gross basis (before tax).
6. Fees and charges
No fees or charges apply to your use of Personal Instant Access Savings.
7. Changes to these Product Terms
We may change these Product Terms in accordance with section 9 (“Will this agreement change?”) of the Savings Account Terms.
Summary Box
This Summary Box is provided as a summary of the key features of your Personal Instant Access Savings and is not intended as a substitute to reading the Personal Instant Access Savings Terms.
Account Name | Personal Instant Access Savings (GBP) | Personal Instant Access Savings (EUR) | Personal Instant Access Savings (USD) |
What is the interest rate? | Interest is payable on this account. The rate depends on your Plan: GBP Standard Plan - 2.90% AER / 2.86% gross (variable) Plus Plan - 2.90% AER / 2.86% gross (variable) Premium Plan - 3.25% AER / 3.20% gross (variable) Metal Plan - 3.40% AER / 3.35% gross (variable) Ultra Plan - 4.00% AER / 3.93% gross (variable) on balances up to £200,000; 3.51% AER / 3.45% gross (variable) for balances above £200,000. Interest is calculated daily on your aggregate end-of-day balance across Personal Instant Access Savings (GBP). It is paid the next calendar day on a gross basis (before tax). | Interest is payable on this account. The rate depends on your Plan: EUR Standard Plan - 1.45% AER / 1.44% gross (variable) Plus Plan - 1.45% AER / 1.44% gross (variable) Premium Plan - 1.95% AER / 1.94% gross (variable) Metal Plan - 2.20% AER / 2.18% gross (variable) Ultra Plan - 2.35% AER / 2.33% gross (variable) Interest is calculated daily on your aggregate end-of-day balance across Personal Instant Access Savings (EUR). It is paid the next calendar day on a gross basis (before tax). | Interest is payable on this account. The rate depends on your Plan: USD Standard Plan - 2.65% AER / 2.62% gross (variable) Plus Plan - 2.65% AER / 2.62% gross (variable) Premium Plan - 3.15% AER / 3.11% gross (variable) Metal Plan - 3.40% AER / 3.35% gross (variable) Ultra Plan - 3.65% AER / 3.59% gross (variable) Interest is calculated daily on your aggregate end-of-day balance across Personal Instant Access Savings (USD). It is paid the next calendar day on a gross basis (before tax). |
Can Revolut Bank UK Ltd change the interest rate? | Yes. We may vary the interest rates up or down. If your rate decreases, we will give you at least 14 days' notice. For the full list of reasons we may change your rate, see section 7 ("Can my interest rate change?") of the Savings Account Terms. No notice will be provided in respect of changes to interest rates if you change Plan. You should confirm current interest rates prior to upgrading or downgrading your Plan. | ||
What would the estimated balance be after 12 months based on a GBP/EUR/USD 1,000 deposit? What would the estimated balance be after 12 months based on a GBP 250,000 (Ultra Plan)? | Standard Plan - Based on an interest rate of 2.90% AER (variable), your balance would be £1,029.01. Plus Plan - Based on an interest rate of 2.90% AER (variable), your balance would be £1,029.01. Premium Plan - Based on an interest rate of 3.25% AER (variable), your balance would be £1,032.52. Metal Plan - Based on an interest rate of 3.40% AER (variable), your balance would be £1,034.07. Ultra Plan - Based on an interest rate of 4.00% AER (variable), your balance would be £1,039.98. Ultra Plan with £250,000 deposit: Based on an interest rate of 4.00% AER (variable) on balances up to £200,000; and 3.51% AER (variable) for balances above £200,000, your balance would be £259,754.43. | Standard Plan - Based on an interest rate of 1.10% AER (variable), your balance would be €1014.50. Plus Plan - Based on an interest rate of 1.10% AER (variable), your balance would be €1014.50. Premium Plan - Based on an interest rate of 1.40% AER (variable), your balance would be €1019.59. Metal Plan - Based on an interest rate of 1.65% AER (variable), your balance would be €1022.04. Ultra Plan - Based on an interest rate of 1.75% AER (variable), your balance would be €1023.57. | Standard Plan - Based on an interest rate of 1.25% AER (variable), your balance would be US$1026.55. Plus Plan - Based on an interest rate of 1.25% AER (variable), your balance would be US$1026.55. Premium Plan - Based on an interest rate of 1.50% AER (variable), your balance would be US$1031.59. Metal Plan - Based on an interest rate of 1.75% AER (variable), your balance would be US$1034.07. Ultra Plan - Based on an interest rate of 2.00% AER (variable), your balance would be US$1036.55. |
These projections are provided for illustrative purposes only and do not consider your individual circumstances. They assume:
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How do I open and manage my account? | You can only open and manage Personal Instant Access Savings through the Revolut App. To be eligible you must be, and continue to be:
There is no minimum required balance to open an account. You can pay in any amount up to the maximum aggregate balance of: GBP - £5,000,000 EUR - €136,000 USD - US$160,000 Where you have a zero balance and have not held a positive balance for at least the previous three months, we may provide one month’s notice of our intention to close your account. In the event that you do not add money we may terminate your account following expiry of the notice. | ||
Can I withdraw money? | You can access your money at any time, without any restrictions, through the App. Payments are usually available to spend on your Revolut Personal Account immediately. There are no notice periods, fees or loss of interest for withdrawing your funds. | ||
Additional information | Provided by Revolut Bank UK Ltd Personal Instant Access Savings is provided directly by Revolut Bank UK Ltd. Tax Depending on personal circumstances, you may have to pay tax on the interest paid to you to HM Revenue & Customs. Please seek professional tax advice if you are unsure about your tax position. AER Meaning AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and compounded once each year. Gross Meaning Gross is the interest rate without tax deducted. FSCS Protection All eligible deposits in accounts provided by Revolut Bank UK Ltd are added up when determining your level of Financial Services Compensation Scheme (FSCS) coverage. Compensation is limited to a maximum of £120,000 per person per bank. You can find further information on coverage and eligibility under FSCS in our FSCS Information Sheet and list of exclusions accessible here. For more information about the compensation provided by the FSCS please visit:https://www.fscs.org.uk. | ||