Open a savings account with Revolut

A savings account is a place to set money aside and earn interest on your balance over time. It’s designed to help you grow your money while keeping it separate from your everyday spending.

With Revolut, your savings account gives you flexibility and control — you can access or withdraw your money anytime, earn interest daily, and manage everything easily in app.

To open an Instant Access Savings Account in the Revolut app, just follow a few simple steps to get started:

1. Go to Home in the bottom menu
2. Tap Accounts under your balance and choose Add new
3. Select Savings & Funds
4. Tap Instant Access Savings
5. Follow the prompts to set up your account

To be eligible to open an Instant Access Savings account in Germany, you must meet all of the following criteria:

• You currently live in Germany
• You are a German tax resident
• You are a customer of the German branch of Revolut Bank UAB

You can only apply for and manage your Instant Access Savings through the Revolut app.

Instant Access Savings Accounts are available in EUR only and can be opened by individuals.

Under local regulation, we need to verify your tax details before activating your first savings account. This check is done via the government tax portal (BOP) and may take up to a few days. During this time, you won’t earn interest. Once activated, you can open additional savings accounts as needed.

Your interest rate depends on your Revolut subscription plan.

Interest is calculated daily based on your end-of-day balance.

Interest is calculated daily and paid straight into your Savings Account — every single day. That means your balance grows continuously, not just once a month.

The rate you earn depends on your plan. The higher your plan, the better your rate. And because interest is paid daily, you'll also earn interest on your previous day’s interest.

Example:

If you deposit €1,000 into a Savings Account at a 2.5% p.a., and leave it untouched for 12 months, your balance would be €1,025.31.

This example is for illustrative purposes only. The interest rate shown may not reflect the actual rate available in your plan. Check the app for the latest rates.

Revolut may vary ‌interest rates up or down. If there's a decrease in your active rate, you'll be given at least 14 days’ notice. For a full list of reasons for an interest rate change, see the “Can my interest rate change?” section within the Revolut Instant Access Savings Terms.

No notice will be provided in respect of changes to interest rates other than your active Revolut subscription plan. You should confirm current interest rates before upgrading or downgrading your Revolut subscription plan.

You can access your funds at any time — without any restrictions. Payments are usually available to spend on your Revolut account immediately.

There's no minimum deposit amount. However, there's a maximum limit of €100,000 on your Instant Access Savings deposits.

All your deposits held with Revolut Bank UAB in aggregate are insured by the Lithuanian Deposit Insurance scheme. More information can be found in the Deposit Insurance Information document.