Revolut Launches Market-Leading 5% Boosted Savings Rate for New UK Customers

Revolut, the licensed UK bank, has today announced a new 5% AER (variable) savings rate for all new customers, regardless of their plan, the best rate available in the UK market. Available immediately for new Instant Access Savings accounts, the boosted promotional rate will run for a six-month term until 4th December 2026. 

Following its launch as a licensed bank in the UK earlier this year, the boosted rate aims to empower consumers to reach their personal financial goals faster. With interest calculated and paid out daily, users can watch their capital grow in real-time, with no minimum balances. Any balances exceeding the £25,000 threshold will transition to the highly competitive base rate according to plan, up to 4% AER (variable) for Ultra* plan users. 

Built for every day financial growth, Revolut customers can seamlessly save as they spend by deploying automatic spare-change round-ups from daily transactions, or establish scheduled recurring deposits. To offer complete financial agility, the account carries no minimum lock-up periods, allowing users to withdraw funds at any time without penalty. 

Any funds deposited within Revolut’s Instant Access Savings Accounts, benefit from Financial Services Compensation Scheme (FSCS) protection, up to £120,000 per person via a partner bank**. Customers must sign up for the new Instant Access Savings Account between the signup window of 5th June – 4th August to be eligible, with the promotional rate expiring on 4th December. After this point, the savings rate reverts to the base rate of the users Revolut plan, up to 4% AER (variable) for Ultra plan users. Users 16+ are eligible to benefit from the boosted rate.   

Albert Codorniu, General Manager of Savings at Revolut, commented: “We’re always looking for new ways to help customers upgrade their wealth. Implementing this boosted 5% rate is a commitment to passing tangible value back to our users, offering a top-tier, secure return on their hard earned money.”

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