Earning interest with Savings
What is the interest rate?
The per annum (p.a.) interest rate on your Savings will depend on your plan. This rate is used to calculate the interest.
The p.a. interest rate will show under your Savings balance in-app. You can get more information by tapping 'Info' and viewing the 'Deposit information' document.
How is the interest calculated and paid?
Interest is compounded and paid daily. This means you earn 1/365th (or 1/366th in leap years) of the per annum (p.a.) interest rate on your closing balance every day.
The minimum threshold for interest payable is 0.01 PLN/EUR. If your interest earned is less than 0.01 PLN/EUR on a given day, no interest will be payable.
Funds must arrive at the partner bank before earning interest, with settlement typically occurring on the next business day. If you create multiple Savings Accounts with a specific bank at a certain interest rate through the Revolut app, the partner bank treats them as one single deposit
Can the interest rate change?
Our partner banks may adjust interest rates on your Savings Account according to their T&Cs. We'll notify you before any decrease, but we may not notify you before increases happen. To view notice periods in the app:
- Go to 'Home' on the bottom menu
- Below your balance, tap 'Accounts'
- Select your Savings Account
- Tap 'Info'
- Select 'Terms' and 'Trustees'
Changing plan
If you change your plan, your interest rate will change accordingly when the plan change comes into effect. The interest rate you see in-app is always the rate you'll get.