Instant Access Savings
Savings, on demand
Up to 5% AER (variable) interest paid daily. No withdrawal fees. No minimums. Instant access anytime.
The Annual Equivalent Rate (AER) shows the interest you can earn over 1 year. AER is compounded, so you’ll earn interest on interest already earned. Rates depend on your plan type and savings' currency, from up to 4% on our Standard plan to up to 5% on our Ultra plan. Paid plan subscription fees and T&Cs apply. Interest offered is subject to change and any interest earned is liable to the applicable taxes. Instant Access Savings T&Cs apply.
How to open a savings account
Put your salary to work or activate unspent cash in 3 simple steps.
Open the Revolut app
From the home screen, tap the account selector beneath your balance, and select ‘Add new’.
Create an account
Scroll down and choose Savings. Then select ‘Instant Access Savings’.
Add money
With no minimum deposits, kick-start your savings journey with any amount.
Interest paid day after day after day
Open an account in seconds, and see your money grow — every single day.
Simple and secure savings
Our rates turn heads, but there’s plenty more reasons why your money will thrive.
Save up to £200,000
Whether you deposit a little or a lot, your money starts working for you the moment it hits your account.
Access on demand
Enjoy fee-free access to your money whenever and wherever you need it.
Enjoy peace of mind
Your savings are protected up to £85,000 through the Financial Services Compensation Scheme (FSCS) via ClearBank Limited.
Eligibility criteria apply. Check the FSCS website for more info.
It all adds up — fast
Depositing £1,000 at an interest rate of 5% AER (variable), your balance would be £1,051.20 after 12 months.
This projection is provided for illustrative purposes only and does not consider your individual circumstances. The interest shown is for Ultra plan.
For when money matters most
Easily add and withdraw money, and enjoy features to help you build towards your savings goals. That way, when the ‘big things’ happen, you’ll be ready.
Add money your way
Whether paying yourself first or saving what's left, add what you like, when you like. With no minimums.Get started
Summary box
Interest is payable on this account, according to your active Revolut subscription plan:
• Standard Plan - 4% AER (variable)
• Plus Plan - 4% AER (variable)
• Premium Plan - 4.25% AER (variable)
• Metal Plan - 4.5% AER (variable)
• Ultra Plan - 5% AER (variable)
Interest is calculated daily based on your end of day balance. This interest is then paid by ClearBank the next calendar day on a gross basis (i.e. before tax).
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 Terms.
No notice will be provided in respect of changes to interest rates other than 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.
• Standard Plan - Based on an interest rate of 4% AER (variable), your balance would be £1,040.70.
• Plus Plan - Based on an interest rate of 4% AER (variable), your balance would be £1,040.70.
• Premium Plan - Based on an interest rate of 4.25% AER (variable), your balance would be £1,043.30.
• Metal Plan - Based on an interest rate of 4.5% AER (variable), your balance would be £1,046.
• Ultra Plan - Based on an interest rate of 5% AER (variable), your balance would be £1,051.20.
This projection is provided for illustrative purposes only and does not consider your individual circumstances. It assumes:
• that £1,000 is 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.
To be eligible to open an Instant Access Savings, you must be, and continue to be:
• a UK Revolut personal account customer who has successfully completed our Know Your Customer checks with no restrictions.
• at least 18 years of age.
• a UK tax resident (you must notify us promptly if your tax residency changes); and not a US person.
You're only able to apply for and manage your 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 balance of £200,000.
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 to your Instant Access Savings we may terminate your account following expiry of the notice.
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.
This Summary Box is provided as a summary of the key features of your Instant Access Savings, and is not intended as a substitute to reading the Revolut Instant Access Savings Terms (powered by ClearBank) available here and the ClearBank Instant Access Savings Terms & Conditions available here that apply to your account.
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.
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 stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and compounded once each year.
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 £85,000 per person per depositor.
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 the website.