Instant Access Savings Promotion (II) - Product Terms and Summary Box

What is the interest rate?

(All customers) Interest payable on balances* up to £25,000:

Promotion Rate of 5.00% AER (variable)

Interest payable on balances* above £25,000 is payable

(if you are 16-17) 2.90% AER (variable)

(if you are 18 or over) according to your active Revolut subscription plan:

• Standard Plan - 2.90% AER (variable)
• Plus Plan - 2.90% AER (variable)
• Premium Plan - 3.25% AER (variable)
• Metal Plan - 3.40% AER (variable)
• Ultra Plan - 4.00% AER (variable) on balances up to £200,000; 3.51% AER (variable) for balances above £200,000.

* Interest is calculated daily based on your aggregate end of day balance across all personal Instant Access Savings accounts (including Promotion Rate Instant Access Savings). This interest is then paid by ClearBank the next calendar day on a gross basis (i.e. before tax).

Promotion period:

• Offer available from 5 June 2026 to 4 August 2026.
• The promotional rate will apply to qualifying balances until 4 December 2026.
• After the promotional period, your account will automatically change to (if you are 16-17) a 16-17 Instant Access Savings (powered by ClearBank); or (if you are 18 or over) a Revolut Instant Access Savings (powered by ClearBank) and you will earn interest according to your active Revolut subscription plan. We'll let you know about the change one month before the end of the promotional period. If you’d prefer not to move to the new account, you can close your Promotion Rate Instant Access Savings in the Revolut App before the change takes effect.

Can Revolut change the interest rate?

Revolut may vary the interest rates up or down. In the event of a decrease in your active rate you will be given at least 14 days’ notice. For a full list of reasons for an interest rate change, see the “Can my interest rate change?” section within the Revolut Instant Access Savings (powered by ClearBank) Terms.

(For customers 18 and over) No notice will be provided in respect of changes to interest rates on changing your active Revolut subscription plan. You should confirm current interest rates (set out in the latest Summary Box published by Revolut here) prior to upgrading or downgrading your Revolut subscription plan.

What would the estimated balance be at the expiry of the promotional rate, and after 12 months after expiry of the promotional rate based on a £1,000 deposit?

4 December 2026 (expiry date of promotional rate):

• All Customers: Based on a 5.00% AER (variable), your balance would be £1,024.63.

4 December 2027 (12 months after promotional rate expiry):

• 16-17, Standard and Plus Plan: Based on a 2.90% AER (variable), your total balance would be £1,054.36.
• Premium Plan: Based on a 3.25% AER (variable), your balance would be £1,057.95.
• Metal Plan: Based on a 3.40% AER (variable), your balance would be £1,059.53.
• Ultra Plan: Based on a 4.00% AER (variable), your balance would be £1,065.70.

This projection is provided for illustrative purposes only and does not consider your individual circumstances. It assumes:

• you open the account on 5 June 2026
• that £1,000 are deposited in the account at the time it's opened, and that no further deposits or withdrawals are made
• the interest rates do not change
• you do not upgrade/downgrade your plan

What would the estimated balance be at the expiry of the promotional rate, and after 12 months after expiry of the promotional rate based on a £30,000 deposit?

4 December 2026 (expiry date of promotional rate):

• 16-17, Standard and Plus Plan: Based on an interest rate of 5.00% AER (variable) on balances up to £25,000; and 2.90% AER (variable) for balances above £25,000, your balance would be £30,684.48.
• Premium Plan: Based on an interest rate of 5.00% AER (variable) on balances up to £25,000; and 3.25% AER (variable) for balances above £25,000, your balance would be £30,693.60.
• Metal Plan: Based on an interest rate of 5.00% AER (variable) on balances up to £25,000; and 3.40% AER (variable) for balances above £25,000, your balance would be £30,697.63.
• Ultra Plan: Based on an interest rate of 5.00% AER (variable) on balances up to £25,000; and 4.00% AER (variable) for balances above £25,000, your balance would be £30,713.24.

4 December 2027 (12 months after promotional rate expiry):

• 16-17, Standard and Plus Plan: Based on a 2.90% AER (variable), your total balance would be £31,574.69.
• Premium Plan: Based on a 3.25% AER (variable), your balance would be £31,692.82.
• Metal Plan: Based on a 3.40% AER (variable), your balance would be £31,744.45.
• Ultra Plan: Based on a 4.00% AER (variable), your balance would be £31,944.91.

This projection is provided for illustrative purposes only and does not consider your individual circumstances. It assumes:

• you open the account on 5 June 2026
• that £30,000 are deposited in the account at the time it's opened, and that no further deposits or withdrawals are made
• the interest rates do not change
• you do not upgrade/downgrade your plan

How do I open and manage my account?

To be eligible to open a Promotion Rate Instant Access Savings, you must open your new Revolut Personal account and Promotion Rate Instant Access Savings between 5 June 2026 to 4 August 2026. You also 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 16 years of age;
• a UK tax resident (you must notify us promptly if your tax residency changes); and
• not a US person

You are only able to apply for and manage your Promotion Rate Instant Access Savings via the Revolut App.

There is no minimum required balance to open an account. You can pay in any amount up to the maximum aggregate balance of (if you are 16-17) £100,000 across all 16-17 Instant Access Savings accounts; or (if you are 18 or over) £5,000,000 across all personal Instant Access Savings accounts (including Promotion Rate Instant Access Savings).

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 to your Promotion Rate Instant Access Savings we may terminate your account following expiry of the notice.

Can I withdraw money?

You can access your funds at any time – without any restrictions – via the Revolut App. Payments are usually available to spend on your Revolut account immediately.

Additional information

Powered by ClearBank

Instant Access Savings are powered by ClearBank. Revolut introduces you to, and works together with ClearBank to provide you with Instant Access Savings. When you put money into your Instant Access Savings, this amount is deposited on your behalf directly within your Financial Services Compensation Scheme (FSCS) protected account held with ClearBank.

Tax

Depending on personal circumstances, you may have to pay tax on the interest 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.

FSCS Protection

All eligible deposits in accounts powered by ClearBank 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 ClearBank’s 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.