Revolut is offering 5% AER (variable) savings rates for new customers

Revolut, the fully licensed UK bank, has launched a 5% AER (variable) savings rate * for new customers on their first £25,000 - one of the best rates available in the UK market, especially for instant access savings accounts.

Why is this so competitive? The answer is simple. Revolut's instant-access savings account offers flexibility and innovative features, such as spare-change round-ups, to make saving toward your goals easier.

At one of the highest rates on the market, Revolut’s Instant Access Savings account pays interest daily, and you can withdraw at any time without forfeiting your interest rate.

While most high-yield savings accounts require customers to lock their money away for fixed periods, such as a year, to earn interest, Revolut lets you be flexible with your savings.

Albert Cordorniu, General Manager of Savings at Revolut, said: “We’re always looking for new ways to help customers upgrade their wealth. Implementing this boosted 5% AER (variable) is a commitment to passing tangible value back to our customers.”

In control of your money

Revolut is designed for how people actually manage money today, letting you manage all your finances from your phone and simplifying sending and spending money globally.

These days, fintechs like Revolut are saying goodbye to traditional bank branches. Instead, they offer streamlined accounts bundled with useful features such as savings and budgeting tools, fast setup, innovative security features, and 24/7 customer support. Better yet, it's all available through a mobile app.

You can open as many savings accounts as you want, allowing you to organise your savings in separate accounts while still earning interest.

For example, are you in charge of the budget for your friend’s hen do? Pop that into a Revolut savings account, earn interest, and keep it separate from your personal savings.

You can also set up recurring transfers from your current account to your savings to help you stay accountable to your savings goals.

The company has won awards, including 'World's Best Digital Bank' in the 2025 Euromoney Awards for Excellence, marking the first time a neobank has ever claimed this prestigious global title, as well as featuring on Forbes’ World’s Best Banks List in 2025.

More innovative products from Revolut

Revolut’s offering doesn’t stop at savings. It continues to develop products and services designed to help customers make the most out of their money.

This includes features such as RevPoints: reward points you earn on your debit card spending. This means when you spend with your debit card, you earn - and you can redeem these points on Airline Miles with a range of airlines, Hotel Stays and Experiences.

Today, Revolut has more than 13 million customers in the UK, in addition to over 750,000 businesses using its business product.

Sign up today

The window to sign up for the competitive account runs from June 5, 2026, to August 4, 2026. Users can benefit from the boosted rate until December 4, 2026, at which point the rate reverts to their plan rate, up to 4% AER (variable) for Ultra customers. The rate applies to deposits up to £25,000. * *

New customers can also get £20 when they sign up and use their card using this link.

Any funds deposited in Revolut’s Instant Access Savings Accounts benefit from Financial Services Compensation Scheme (FSCS) protection, up to £120,000, held with a partner bank.

Sign up to Revolut today and open a savings account to receive a 5% instant access savings rate.

* Prices are correct as of June 9, 2026. Interest is liable to applicable taxes. Up to 5% AER (variable) for new UK customers. Promotional rate available to new Revolut customers on balances up to £25,000 until August 4, 2026 and ends December 4, 2026. Eligibility criteria and T&Cs apply. No minimum deposit, maximum deposit amount is £5,000,000. Revolut Bank UK Ltd (revolut.com) is registered in England and Wales (No. 12871051) & authorised by the Prudential Regulation Authority (PRA), regulated by the Financial Conduct Authority & PRA (FRN: 981170). Revpoints T&Cs apply.

** Interest is variable and depends on plan: from 2.93% AER (variable) on Standard to up to 4% AER (variable) on Ultra. A lower rate might apply depending on balance. Once the £25,000 threshold is surpassed, we will combine the boosted rate and the plan rate into one simple, blended rate for the whole savings balance. Paid plan fees, eligibility criteria and T&Cs apply.