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Revolut UK review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Revolut UK's savings account suits savers who want easy access to their money and no monthly charge: the easy-access balance pays 4% on a variable rate, each deposit is covered by FSCS up to GBP 85,000, and the account kind is easy access so nothing is locked away for a term.

Key facts

Best for
Easy-access savings with no monthly charge and instant app withdrawals.
Headline rate
4%↗
Rate type
Variable↗
Minimum deposit
£0↗
Deposit protection
FSCS up to GBP 85,000↗
Access terms
Instant access via the Revolut app, fee-free withdrawals, no withdrawal limits↗
Monthly fee
£0↗
Account kind
Easy access↗
Legal entity
Revolut Payments UAB↗
Headquarters
Lithuania↗
Founded
2015↗
Support channels
Chat, Phone, Help-centre, Email↗
Pricing model
No monthly fee
Official website
revolut.com

Everyday accounts

Licence type
E money↗
Currency conversion fee
0% to 1%↗
Currencies
30↗
Local account details
IBAN↗
Transfer fee
Free in SEPA; paid plans discount elsewhere, free on Ultra worldwide↗
Audience
Travelers, Freelancers, Teens
Features
Free ATM withdrawals, Joint account

Facts checked September 26, 2026, 8 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataLinkedInXfacebook.com

Pros and cons

Pros

  • Access is instant in the app, with fee-free withdrawals and no withdrawal limits.
  • Support runs on chat, phone and help centre, so a phone call or email is possible when the app is not enough.
  • Regulated in the UK and in Europe: the account is run by Revolut Payments UAB, founded in 2015 and headquartered in Lithuania.
  • Local account details such as iban make it practical to be paid and to pay in several currencies.

Cons

  • The rate type is variable, so the 4% can move and nothing is fixed for a set period.
  • The savings sit with a savings deposit partner rather than the brand itself, and the account licence type is e money.
  • On headline rate the account ranks at 142 of 473 brands compared, so the return is competitive rather than exceptional.
Revolut UK

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Scored 9.0 / 10 by VaultCue.

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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%.

Fees and currency costs

The easy-access savings account carries a monthly fee of £0 and a minimum deposit of £0. Nothing needs to be in the balance to open it, and nothing is charged for holding it, so the interest is the whole return. Other charges sit elsewhere in the Revolut plan rather than on this balance.

How Revolut UK compares

Where Revolut UK is available

Available
Everywhere except United States
Licence in United Kingdom
Financial Conduct Authority and Prudential Regulation Authority (Revolut Bank UK Ltd) (981170), checked September 26, 2026
Licence in United Kingdom
Financial Conduct Authority, Electronic Money Institution (Revolut Ltd) (900562), checked September 26, 2026
Licence in United Kingdom
Financial Conduct Authority and Prudential Regulation Authority (ClearBank Limited, savings deposit partner) (754568), checked September 26, 2026
Licence in Lithuania
European Central Bank, facilitated by the Bank of Lithuania (EU banking and e-money licences), checked September 26, 2026
Licence in Lithuania
LT_BL (PSD_EMI LT_LT_BL_304940980), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
Licence in Cyprus
Cyprus Securities and Exchange Commission (CySEC) (MiCA CASP 549300ET4IUR6RCZOL84), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Greece, Spain, Finland, France, Croatia, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia

Frequently asked questions

What rate does the Revolut savings account pay?+

The easy-access balance pays a headline rate of 4%, and the rate type is variable, so the return can move with the market. Nothing has to be locked away for a term, and the account kind is easy access, so interest is credited on the balance you keep.

Is there a monthly fee or a minimum deposit?+

The monthly fee is £0 and the minimum deposit is £0, so the account can be opened with nothing in it and left open without a charge. The model is listed as no monthly fee, and 91.7% of the accounts compared run the same way.

Is my money protected?+

Deposits are covered by FSCS up to GBP 85,000. The savings balance is held by ClearBank Limited as a savings deposit partner regulated in the UK by the Financial Conduct Authority and Prudential Regulation Authority, while the brand's own account licence type is e money.

How do I withdraw money?+

Access is instant in the Revolut app, withdrawals carry no fee, and there is no cap on how much can be taken out. Support runs on chat, phone and help centre, so the app is not the only way to reach help if something goes wrong.

Can I hold other currencies in the same app?+

The app holds 30 currencies with local account details such as iban, and the conversion fee runs 0% to 1% on anything you exchange. Currencies outside sterling cost that fee, so the bill depends on how much you convert.

Who is the account aimed at?+

The listed audience is travelers, freelancer and teen, so frequent travelers, freelancers and teens are the intended customers. The legal entity behind the brand is Revolut Payments UAB, founded in 2015 and headquartered in Lithuania, with licences in the UK and in Europe.

How do money and transfers work?+

The minimum deposit is £0, and transfers within SEPA are free, with discounts on other transfers for paid plans and worldwide transfers free on the Ultra plan. Money lands in the app balance, where the easy-access rate applies straight away.

Sources

  • euclid.eba.europa.eu/register/downloads/PSDMD/20260926/do... checked September 26, 2026

    Backs: Headquarters, Legal entity, Licence type, Licences

    “EntityCode=LT_LT_BL_304940980; EntityType=PSD_EMI; ENT_NAM=Revolut Payments UAB”

  • en.wikipedia.org/wiki/Revolut checked September 26, 2026

    Backs: Founded

    “It was founded in July 2015 by Nik Storonsky and Vlad Yatsenko.”

  • revolut.com/en-GB/a-radically-better-account checked September 26, 2026

    Backs: Currencies, Features, Local account details

    “Hold and exchange money in 30+ currencies with Revolut exchange rate. No additional fees Monday-Friday, within your plan allowance.”

  • revolut.com/en-GB/contact-us checked September 26, 2026

    Backs: Support channels

    “Speak to our support team in 100+ languages via our secure in-app chat, or call us in-app. ... If you can't resolve the issue via in-app chat, contact us at support@revolut.com.”

  • revolut.com/en-GB/international-transfers checked September 26, 2026

    Backs: Transfer fee

    “Fee-free transfers inside Europe's SEPA region. Save depending on your plan to everywhere else - unless you're on Ultra. Then it's free, anywhere.”

  • revolut.com/en-GB/our-pricing-plans checked September 26, 2026

    Backs: Audience, Currency conversion fee

    “Metal - For the global travellers and traders ... Kids & Teens accounts: Linked accounts for family members aged 6-17”

  • revolut.com/en-GB/savings checked September 26, 2026

    Backs: Headline rate, Minimum deposit, Pricing model, Monthly fee, Rate type

    “Up to 4% AER (variable) interest paid daily, with our Ultra plan. No withdrawal fees. No minimums. Instant access anytime.”

  • revolut.com/legal/clearbank-savings-terms checked September 26, 2026

    Backs: Access terms, Account kind, Deposit protection

    “You can transfer money into or withdraw money out of your Instant Access Savings with your Revolut account at any time via the Revolut app. ... There are no withdrawal limits that apply to your...”

Compiled from 10 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term.

Revolut UK

Revolut UK

Easy-access savings with no monthly charge and instant app withdrawals.

9.0/10Visit