5% Savings Rate for New UK Customers

Boosting Savings Accounts

Revolut, a licensed UK bank, is offering new customers a 5% AER variable savings rate until December 4, 2026. This rate applies to Instant Access Savings accounts opened between June 5 and August 4, 2026. The promotion is available to all new customers, regardless of their chosen plan.

The 5% savings rate is a market-leading offer, making Revolut's Instant Access Savings account an attractive option. Customers can open an account online, and the promotional rate will be applied to their new savings account. Revolut's move is likely to put pressure on other banks to increase their savings rates.

Is This a Game-Changer for Savers?

Revolut's Instant Access Savings account allows customers to access their money at any time. The account is designed to be flexible, with no minimum or maximum balance requirements. The 5% AER variable rate is competitive, and customers can earn interest on their savings.

The high-interest rate is expected to attract new customers to Revolut. Existing customers may also consider switching to the Instant Access Savings account to take advantage of the promotional rate.

Frequently Asked Questions

As the savings landscape continues to evolve, customers are likely to benefit from competitive rates. Revolut's move may trigger a response from other banks, potentially leading to higher savings rates across the industry.

What is the promotional rate? The promotional rate is 5% AER (variable) for new Instant Access Savings accounts. Is there a minimum or maximum balance? No, there are no minimum or maximum balance requirements for the Instant Access Savings account. How long is the promotional rate valid? The 5% AER (variable) rate is valid until December 4, 2026.