Revolut's 5% deal is ending: here's the best alternatives

Revolut's Instant Access Savings has been paying new customers 5% AER — one of the stronger headline rates around, on balances up to £25,000, with no monthly plan fee. As of today, that offer closes to new sign-ups.

If you already opened it, you keep the boosted rate until 4 December 2026, after which it drops to your plan's standard rate — 2.90% AER on the free Standard plan. If you didn't get in, today's your last chance to open it. Otherwise, it's time to look elsewhere.

Either way, it's worth knowing what else is out there — because for a lot of savers, you can match Revolut's rate, and in a couple of cases beat it outright.

What you're actually losing

The reason Revolut's deal stood out wasn't just the number. It was the combination:

• 5% AER (variable) on up to £25,000

• No monthly fee on the free Standard plan

• Interest paid daily

• FSCS-protected (via ClearBank)

That's a genuinely competitive package for a mid-sized pot. The catch was always that it's an intro rate — new customers only, and it reverts once the boost period ends. So if you were chasing rate, this was never a set-and-forget account anyway.

The good news: several easy-access accounts are paying within touching distance right now, and a couple pay more if your balance is small.

The best alternatives, by how much you're saving

There's no single replacement — the right account depends on your balance. Here's how it breaks down.

Small pots (up to £3,000–£4,000): you can beat Revolut

If you've only got a few thousand to park, you can do better than 5%.

• Santander Edge Saver — 6.00% AER on up to £4,000. That includes a 2.5% fixed bonus for the first 12 months, dropping to 3.5% after. The catch: you need a Santander Edge current account, which costs £3 a month. On a full £4,000 that's £240 gross interest a year against £36 in fees — still a strong net return, and the Edge account throws in cashback on eligible spending.

• Cahoot Sunny Day Saver — 5.00% AER on up to £3,000, fixed for 12 months, with no current account required. Cleaner than the Santander route if you don't fancy the faff, though the cap is lower.

Mid-sized balances (up to £20,000): the closest like-for-like

• Tembo HomeSaver — 4.55% AER on up to £20,000 (includes a 1% bonus for 12 months). It's genuine easy access, the cap is sensible, and it's the tidiest straight swap for Revolut if you've got a mid-sized pot. If you happen to be taking a mortgage out through Tembo, the rate climbs to 5.55%.

Larger balances (£20,000+): where the money adds up

Above £20,000, the game is finding a high rate with a high — or no — cap.

• Cahoot Simple Saver — 4.52% AER on balances up to £500,000, fixed for 12 months. Joint accounts allowed. After a year it matures into a lower-paying account, so diarise the switch.

• Chase Saver — 4.50% AER (a 2.25% base plus a 2.25% boost for 12 months), for new customers, on up to £3 million. You have to open it within 31 days of becoming a Chase customer to get the boost.

• Saga Easy Access — 4.50% AER on up to £1 million. Marketed at the over-50s, but anyone 18+ can open it. Withdrawals are capped at £10,000 per transaction and £20,000 in a 24-hour period, so it's less nimble than a standard easy-access account.

Also worth a look

• Oxbury Summer Account — 4.33% AER (new customers, £1,000 minimum, up to £120,000)

• Post Office Online Saver — 4.31% AER (includes a 3.41% bonus for 12 months, then drops to 0.90% — another one to switch out of after a year)

• United Trust Bank Limited Access Saver — 4.30% AER, but only if you make two or fewer withdrawals a year. Three or more and the rate falls to 2.75%.

What we'd do

If you're saving a small amount, Santander's 6% (or Cahoot's 5% without the current-account requirement) genuinely beats what Revolut was offering. For a mid-sized pot, Tembo's 4.55% is the cleanest swap. For larger balances, Cahoot Simple Saver at 4.52% gives you a high rate with a huge cap and none of the withdrawal restrictions.

A note on protection

Every account above is covered by the FSCS up to £120,000 per person, per authorised institution (the limit rose from £85,000 on 1 December 2025). If you're spreading a large balance around, remember that limit is per banking licence, not per account — and some brands share a licence, so it's worth checking before you assume two accounts mean double the cover.

The live table above updates automatically, so it always shows the current top easy-access rates. Bookmark this page if you want to keep an eye on where the market moves next.