Current vs Revolut UK

Current

Who it suits

• A teen in the US starting to set money aside, since the stated audience is teen.
• Anyone happy to manage saving in the app, since pods run on demand with no notice period.
• US savers paid in dollars, with transfers moving over us ach.

Who should look elsewhere

• Plazo ES, whose headline rate of 24.19% sits well above the 0.25% to 4% range here.
• AXI Card Tarjeta y Credito, listed at 21.59% if a higher headline number is the goal.
• PayPal Colombia, listed at 3.3%, for anyone shopping only on the headline rate.

Revolut UK

Who it suits

• Savers who want instant app access and no charge for holding the balance, rather than a card and credit deal such as AXI Card Tarjeta y Credito at 21.59%.
• Travelers, freelancers and teens, the audience named in travelers, freelancer and teen, who want 30 currencies and a conversion fee that runs 0% to 1%.
• Anyone starting out with a wallet, since PayPal Colombia is the listed alternative at 3.3% and this balance pays 4% with iban details.

Who should look elsewhere

• Savers shopping on the headline rate alone: the listed alternative Plazo ES shows 24.19% and AXI Card Tarjeta y Credito shows 21.59%, both far above the 4% paid here.
• People who need the return fixed for a set period, since the rate type is variable and the balance is easy-access by design.
• Customers who want the deposits held by the brand itself: the account licence type is e money and the savings sit with a savings deposit partner, a different structure from the listed wallet alternative PayPal Colombia at 3.3%.

Current