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Annual Percentage Yield (APY) is the rate that describes the amount of interest you'll earn on a deposit over a year before taxes, factoring in how often the interest compounds. This rate can vary depending on your plan.

This allows you to compare the interest rates of different accounts that may have varying compounding schedules. Unlike the basic interest rate, APY considers both compound interest and the frequency of compounding.

Interest accrues daily but is paid monthly, on the first business day of each subsequent month. The minimum threshold for interest payable is $0.01. If your net interest earned is less than $0.01 on a given day, no interest will be payable.

Interest accrues once your money reaches one of our partner banks. Delays can happen if funds are added to your Revolut account via Lead Bank, which only sends funds to one of our partner banks after receiving them.

The interest rate on your Savings Vault can increase or decrease under the Savings Vaults T&Cs. Our team aims to notify you of any significant changes in interest rates, but we may not always do that.

You can check the current APY in the Revolut mobile app:

• Go to 'Home' on the bottom menu
• Below your balance, tap 'Accounts'
• Select your Savings Vault
• Tap 'Info'

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.

We may receive additional interest paid by our partner banks over the rate shown to you in the app. Where this happens, it's an arrangement between us and our partner banks that we retain the additional interest.