Revolut launches daily interest savings vault

Revolut has announced the launch of its latest UK product, a daily interest savings vault.

British customers with a Revolut standard plan can now start to earn 0.15 per cent daily interest on the funds in their GBP vaults.

They can round-up their card payments and save their spare change, or deposit money into their Savings Vaults via recurring or one-off transfers.

The FinTech plans to expand the product to other European countries in the coming months.

“To date, Vaults have helped over 2.5 million people build towards their financial goals,” said Marsel Nikaj, head of savings and lifestyle at Revolut. “Now, we are excited to roll out Savings Vaults with daily interest and no fees to standard plan users to help them achieve their goals faster.”

Nikaj added: “We are also looking forward to bringing this product to European markets in the near future to enable anyone to earn money on their savings, even in a negative interest rate environment.”

    Share Story:

Recent Stories


The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

The Rise of Instant Payments
Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.

Offloading Cyber Risk in the Cloud
As cyber attacks and data breaches are in the news on an increasingly regular basis - with regulatory penalties and customer trust on the line for financial services firms - it has never been more crucial to be compliant in the cloud.

This video, with Akamai’s EMEA director of security technology and strategy Richard Meeus, will help explain what your company can be doing to make sure it’s not embroiled in the next big fine or front-page scandal.