Get more for your money with up to 0.70% from Savings Vaults

Emma Potter

 · 01/14/2022  · 01/14/2022

New year, new us, new savings. We're making some big changes in 2022 to help make your money work for you. Check it out...

Discover the smarter way to save in 2022 🚀

Since Revolut launched Savings Vaults in January 2020, we’ve helped customers earn interest on over £1bn worth of savings in our daily interest earning Vaults. We want to offer you the best rates we can, which is why we’re now also offering an amazing instant access savings account in the UK with up to 0.70% annual interest for GBP balances. Make saving money second nature this New Year.

A new partnership in place 💪

Revolut always aims to create partnerships with trusted banks to offer you great interest rates. Until now, Savings Vaults in the UK were opened with Paragon and Investec banks. New Savings Vaults will be opened with Allica bank, offering great rates for newly created Savings Vaults.

Existing Savings Vaults will still be with Paragon and Investec at the current rate. To benefit from the latest rates, you’ll just need to open a new Savings Vault.

Better rates than ever ✨

To get things kicked off, we’re starting by offering Metal customers a rate of 0.70% AER. So if you're looking to make the most of your savings, why not upgrade your plan now?

If you're not a Metal customer, don't worry. We'll be bringing new rates to all our customers in the next few months. Premium customers will benefit from a rate of 0.55%, 0.45% for Plus, and 0.35% for Standard customers.

Fund it your way and withdraw instantly, any time 💸

There are multiple of ways to fund your Savings Vault securely. Choose one-off transfers, or make it effortless with scheduled deposits and spare change round-ups. Stash your cash without any fear of commitment or fees - just interest. Withdraw money whenever you need it.

Your money is protected 🔒

Enjoy peace of mind when you save. Savings Vaults are deposited with our partner bank and protected by the FSCS up to £85,000.

Ready to start saving? 💰

💰️ Make sure you’ve got the latest version of the app

💰️ Head to Hub > Vaults

💰️ Create a Savings Vault or activate daily interest on your GBP Personal Vault

💰️ Sit back and watch your money grow

Terms and conditions apply.