Revolut savings rates — compare every account, plus switch offers and guides

Who they are

Revolut was founded in 2015 by Nik Storonsky and Vlad Yatsenko as an app enabling people in the UK and Europe to spend abroad using interbank foreign exchange rates. The original pitch was simple: stop getting stung by hidden fees every time you used your bank card overseas. It caught on fast, and Revolut has grown into one of the largest digital banks in the world - as of March 2026, Revolut has over 70 million customers and supports transfers across more than 160 countries and regions.

The big regulatory milestone came in early 2026. After operating under a restricted licence in its UK home for two years, Revolut was granted a full banking licence by the Bank of England's Prudential Regulation Authority in March 2026. That matters for savers because it brought FSCS deposit protection with it - something Revolut's UK customers had been waiting a long time for.

Savings accounts

Revolut currently offers three savings products on DepositScout. The main one for most people is the Instant Access Savings account, which pays 4.00% AER variable with a minimum balance of just £1. Interest is easy access and the account is FSCS protected up to £120,000.

There is also a Weekly Savings account - a regular saver paying 2.90% with a £10 minimum. If you want to invest rather than save cash, the Stocks and Shares ISA is available too; investments are FSCS protected up to £85,000, and any uninvested cash held within it is protected up to £120,000.

One thing worth knowing: Revolut has periodically offered promotional rates to new savings customers, so the rate you see on this page may differ from what was available when you last looked. The live figures here are always the current ones.

Is it right for you?

Revolut suits people who are comfortable doing everything through an app and want their day-to-day banking and savings in one place. The 4.00% easy access rate is competitive, the FSCS protection is now in place, and the minimum deposit of £1 means anyone can get started.

The trade-offs are worth being honest about. Revolut has no branches, so if you ever need to resolve a problem face-to-face, that is not an option. It also does not accept cash deposits, which rules it out as a sole current account for anyone who handles physical notes regularly. And while the standard savings rate is solid, Revolut has historically offered its best rates as short-term promotions for new customers - so it pays to keep an eye on what you are actually earning once any introductory period ends.

There is no current account switch offer from Revolut on DepositScout at present, so if a cash incentive to switch is important to you, it may be worth comparing other providers too.

Check the live rates on this page before making any decisions - savings rates across the market move regularly, and what looks competitive today can shift quickly.