Need a hand?

Closing your Savings Vaults is a straightforward process within the app. Here's how to do it:

• Go to 'Home' on the bottom menu
• Below your balance, tap 'Accounts'
• Select 'Savings Vaults'
• Tap 'More'
• Tap 'Close account'

Upon closing your Savings Vaults, the entire balance will be moved immediately to your main Revolut account. You'll also receive a document within 30 days of closure, which will detail all deposits, withdrawals, and interest earned on your Vault over the previous 12 months.

If you're wondering what happens to the interest you've earned when you close your Savings Vaults, it depends on the type of Vault you have:

• Savings Vaults powered by Sutton Bank: If you close one or more of your Sutton Savings Vaults, any interest you've accrued during the current month on the balances in those vaults will be paid to your main Revolut account the following month

If your main Revolut account is closed before any accrued interest is paid out, that unpaid interest will be forfeited.