Does Revolut hold the money in the Savings Accounts?
Revolut does not hold the money you put into Savings Accounts. Your money is deposited with one of Revolut's trusted partner banks.
When deposited with an eligible partner bank, your money will be protected by the Financial Services Compensation Scheme (FSCS) where you are eligible. You can find out more on the FSCS website.
To find out which partner bank(s) the funds in your Savings Account are deposited with, tap account selector below your balance → scroll down and select your Savings Account → press 'Details' → select the interest rate → tap 'Deposit Protection Sheet'.