Revolut, the British fintech that has already won over millions of customers in Italy, brings something new to the savings landscape: the deposit account without restrictions. Starting January 28, the new customers who open a Revolut account by 31 March 2024 will be able to take advantage of a annual interest rate gross up to 3%, valid until 31 May 2025. After the promotion expires, the rate may be updated based on decisions by the European Central Bank, in line with market fluctuations.
Revolut Savings Account: How it Works
The Revolut savings account is designed for those who want a simple savings solution without constraints. It is not necessary un minimum amount to start, while the maximum deposit allowed is 100 thousand euros. Interest is calculated daily and credited directly to the account, offering total transparency and full control of earnings, visible day after day in the app. Customers can access funds at any time without penalties.
Depending on the plan chosen, the interest rate may vary. Users with the Standard or Plus plan will receive a rate of 2% gross per annum, while the plans Premium e Metal offer higher rates, reaching up to 3%. In addition, for those who become a Revolut customer by the end of March 2024, there is a promotional rate of 3%, valid until 31 May 2025, regardless of the plan chosen.
Access to the deposit account for existing customers will be progressive, and depends on the migration to the Italian IBAN, introduced at the end of 2023. Revolut has created a waiting list to ease the transition and allow users to be among the first to take advantage of the new service.
How to open a savings account with Revolut
To open a no-strings-attached savings account with Revolut, you need to follow a few steps. First of all, you need Update the Revolu appt to the latest available version. Afterwards, you must access the section “Accounts” within the app, select “Add new“, then scroll down to the item “Savings and funds“. Finally, just choose “Deposit Account without Constraints” to complete the process.
Revolut in Italy: growth future goals
The introduction of the deposit account comes during a period of strong expansion for Revolut in Italy. Fintech has recently reached 3 million customers in the country, and now aims to reach 4 million customers by the end of 2024. An extraordinary result that is part of a global growth that has led the company to exceed 50 million customers.
The launch of the savings account is just one step in an expansion journey. Revolut is looking to offer an increasingly broad product portfolio, capable of responding to the different needs of its customers. In addition to the savings account, the company has recently introduced theItalian IBAN, Commission-free ETFs and new tools to simplify money management. In the future, Revolut also plans to launch credit cards and mortgages, which could arrive in Italy starting from 2026, after a testing phase in Lithuania and Ireland.
Revolut is not just innovating in its financial offering, but is also investing in of your digital ecosystem. . Recently, the company introduced a system of in-app calls to improve theFAQ e to prevent scams of impersonation. This new service increases protection in communications between customers and support, improving the reliability of support and combating online fraud.
