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 a Savings account in Malta, you must meet all of the following criteria:

• You currently live in Malta
• You are a tax resident in Malta
• You are a customer of Revolut Bank UAB in Malta

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

Instant Access Savings Accounts are available in different currencies and can be opened by individuals.

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.

Revolut may vary ‌interest rates up or down. If your rate goes down, we'll inform you 1 month before the change takes effect 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 on your Instant Access Savings deposits. However, the maximum eligible deposit amount is €100,000.

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.