Revolut, the licensed UK bank, has unveiled a market-leading 5% AER (variable) savings rate for new customers in the UK, available until 4th December 2026.
The promotional rate is accessible to all new customers regardless of their chosen plan and applies to new Instant Access Savings accounts opened between 5th June and 4th August 2026. Customers can begin earning from the moment they sign up, with no minimum deposit required and the ability to withdraw funds at any time without penalty.
Interest under the new offer is calculated and paid out on a daily basis, enabling customers to monitor their balance growing in real time. The boosted rate applies to balances up to £25,000, after which any additional funds revert to the customer’s standard plan base rate, up to 4% AER (variable) for Ultra plan holders.
The account also supports automatic spare-change round-ups from everyday transactions, as well as scheduled recurring deposits. Customers must be aged 16 or over to be eligible.
All funds held within Revolut’s Instant Access Savings Accounts are protected under the Financial Services Compensation Scheme (FSCS) up to £120,000 per person via a partner bank. Once the promotional period concludes on 4th December 2026, the savings rate will revert to the base rate associated with the customer’s Revolut plan.
Revolut general manager of savings Albert Codorniu said, “We’re always looking for new ways to help customers upgrade their wealth. Implementing this boosted 5% rate is a commitment to passing tangible value back to our users, offering a top-tier, secure return on their hard earned money.”
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