Instant Access Savings

Savings, with no monthly hoops

Earn 5.05% p.a. with Ultra¹ on balances up to AU$250,000. Daily interest with no minimum deposits or withdrawal penalties. Instant access anytime. Fees and T&Cs apply.

Get started

Interest paid day after day

No waiting until the end of the month. Earn interest every day, even on the interest you’ve already made. And watch your money accelerate.

Up to
5.05%
p.a. (variable) on Ultra

Interest is calculated on combined personal savings balances. A lower interest rate may apply above AU$250,000 consolidated personal savings balances. Rates are variable and depend on your plan, from 3% p.a. on our standard plan to 5.05% p.a. on our Ultra plan. Plan fees apply. The maximum deposit amount is AU$1,000,000. Read our rates page for more information.

Simple and protected savings

Daily interest without the hassle. And there’s much more working in your money’s favour too.

  1. No monthly hoops

    Forget minimum deposits, spending targets, or balance growth requirements. Here, you can save on your own terms.

  2. Access anytime

    Withdraw from your savings instantly and fee-free whenever you like. Since interest is paid daily, you never lose what you've already earned.

  3. FCS protected

    Eligible deposits are protected by the Australian Government's Financial Claims Scheme (FCS) up to AU$250,000.

It all adds up, fast.

While most banks pay interest monthly, we do it daily. Every day, the interest you earn is reinvested directly into your balance. This allows you to earn interest on that larger amount the very next day, maximising your growth potential.

Add money on your terms

Top up whatever you like, whenever you like. With no minimums or mandatory deposits, there's zero stress if your budget shifts from week to week.Get started
Add money on your terms
Set recurring transfers
Save as you spend

How to open a savings account

Put your money or salary to work in 3 simple steps.

  1. Open the Revolut app

    From the home screen, tap the account selector beneath your balance, and select "Add new".

  2. Create an account

    Scroll down and choose "Personal Savings".

  3. Add money

    With no minimum deposits, kick-start your savings journey with any amount.

For when money matters most

Create and customise multiple savings accounts for different goals. That way, when the unexpected or ‘big things’ happen, you’ll be ready.

TravelTravel
LifeLife
TravelTravel
HomeHome
HomeHome

Explore savings rates across our paid plans

Compare our plans

Savings account available on Standard plan at no monthly account fee

Your money, protected

Trusted with 67.5 billion USD in customer deposits, we protect you with proactive, purpose-built defences and offer award-winning support.

Read more
Eligible deposits are protected by the FCS²Eligible deposits are protected by the FCS²
Withdraw assets using biometric securityWithdraw assets using biometric security
Eligible deposits are protected by the FCS²Eligible deposits are protected by the FCS²
Algorithms built to detect suspicious activityAlgorithms built to detect suspicious activity
Algorithms built to detect suspicious activityAlgorithms built to detect suspicious activity

Interest is calculated on combined personal savings balances. A lower interest rate may apply above AU$250,000 consolidated personal savings balances. Rates are variable and depend on your plan. Plan fees apply. The maximum deposit amount is AU$1,000,000. Read our rates for more information.

¹Revolut Ultra is a 12-month plan with an option of monthly and annual billing. You'll be able to cancel your plan anytime, however you may be charged a fee depending on when you cancel your plan. You'll still be able to benefit from the services you get for your subscription until the end of your billing cycle you have paid a subscription for, excluding any break fee. Read more under Fees for downgrading your Paid Plan subscription in our Paid Plan Terms.

²AUD deposits are protected up to $250,000 per account holder. Learn more here.