Revolut Savings Account at 5.25%, Net Yield of 3.60% on €10,000

Revolut's savings account offers a gross rate of 5.25% on an annual basis, but this offer lasts only 4 months and is subject to a deposit cap of €25,000. The interest is subject to a flat tax of 31.4%, which reduces the annualized net yield to 3.60%. For a deposit of €10,000, the gross interest amounts to €175, or €120 net after tax. Upon reaching the cap, the gross interest reaches €437.50, reduced to €300 net. The 4 months of boosted rates are not guaranteed and depend on eligibility criteria. The offer is available only to new customers who registered since August 25, who must open a current account and activate the savings account within 30 days. Interest is paid daily, with no minimum deposit required. Despite Revolut obtaining a French banking license, deposits are guaranteed by the Lithuanian system, up to €100,000 per client. After 4 months, the balance will revert to the standard Revolut subscription rates, which are lower. This offer remains attractive for new clients with available liquidity.

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