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The interest rate on your Savings account depends on your plan. If you change your plan, your rate will change accordingly when the plan change comes into effect. For more info see our Instant Access Savings (powered by ClearBank) Terms / Savings Vaults Terms.

The Annual Equivalent Rate (AER) shows the amount of interest you'd earn in a year, taking into account daily compounding. This allows you to compare rates with a different compounding schedule.

You can see the AER under your savings account balance in-app by tapping 'Info' and viewing the 'Deposit Information' or 'Summary Box' document.

We always negotiate the best possible rates for our customers. However, our bank partners offer their own competitive rates, which may differ. Customers are able to choose the best rates — see this article — while keeping other factors such as maximum deposit amounts in mind. See this FAQ for more.

Interest is accrued and paid daily. While interest accrues daily, the minimum threshold for interest payable is GBP 0.01; this means that interest may not be paid to your savings every day (until net interest becomes at least GBP 0.01).

Funds must arrive at the partner bank before starting to earn interest, with settlement typically occurring on the next business day.

For example, a deposit made on Friday settles by Monday, and interest begins to accrue from Tuesday. For GBP savings with Clearbank, your funds settle immediately in most cases and start accruing interest from the next business day.

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 Revolut mobile app:

• Go to 'Home' on the bottom menu
• Below your balance, tap 'Accounts'
• Select your savings account
• Tap 'Info'
• Tap 'Documents' or 'Summary Box'
• Select 'Deposit Information'