Need a hand?

Revolut Savings Accounts are free to open and use. There are no fees, and you can withdraw at any time. Savings Accounts are available in the following currencies: HUF, USD

• Go to 'Home' on the bottom menu
• Below your balance, tap Accounts
• Choose 'Add new'
• Tap 'Savings'
• Follow the prompts to set up your account

Or, simply use this link to create a Savings Account.

• Be a resident of the country where your Revolut account is registered and also hold tax residency there
• Have your National Identity Card (NIC) or passport linked to your Revolut account, or provide a Tax Identification Number (TIN) for your registered country

There's no minimum deposit amount. However, Savings Accounts deposits are subject to a maximum limit — Ft 20,000,000 for HUF, with corresponding limits for other currencies.

Eligible deposits held with Revolut Bank UAB in aggregate are insured by the Lithuanian Deposit Insurance scheme. More information can be found in the Deposit Insurance Information document.

Revolut has opened a Hungarian branch, with customer account migrations continuing over the coming weeks. Savings Accounts are now handled by the Hungarian branch instead of the Lithuanian entity.

For existing Savings Accounts, some changes to taxation apply as a result of this migration. Accounts that haven't been migrated yet have 15% tax deducted on savings interest as mandated by Lithuanian law, with taxes reported and remitted to Lithuanian authorities.

However, after your account is migrated, this will change to a 28% tax deduction on any interest before it is credited to your Savings Account, as required by Hungarian law; this includes a 15% withholding tax (PIT) and a 13% social tax, which we will report and remit to Hungarian tax authorities.