Revolut Savings Breakeven Analysis: Which Plan Actually Pays Off?

Revolut offers savings accounts across five subscription tiers, each with different rates and monthly costs. But when does paying for a higher plan actually make sense for Irish savers?

We've done the maths so you don't have to.

How much do I need to save for Revolut to be worth it?

The key question is: at what balance does a paid plan's extra interest cover its subscription cost?

This is the breakeven point: the savings balance at which a paid plan's extra interest, after DIRT, pays for the plan, compared with keeping the same money on the free Standard plan.

Revolut Savings Rates Ireland (October 2026)

| Plan | Interest Rate (AER) | Monthly Cost | Annual Cost | |------|---------------|--------------|-------------| | Standard | 2.50% up to €2,500, 1% above | Free | €0 | | Plus | 2.50% up to €2,500, 1% above | €3.99 | €47.88 | | Premium | 2.50% up to €5,000, 1.25% above | €9.99 | €119.88 | | Metal | 2.50% | €17.99 | €215.88 | | Ultra | 2.75% up to €100,000, 2.50% above | €55.00 | €660.00 |

Rates from Revolut's pre-contract information for Instant Access Savings, fees from its pricing plans page, both checked October 2026.

Compare all Revolut plans on our Revolut Metal savings page or Revolut Ultra savings page.

Does Revolut automatically deduct DIRT in Ireland?

Yes. In Ireland, savings interest is taxed at 33% DIRT (Deposit Interest Retention Tax). Revolut auto-deducts this, so you only keep 67% of your interest earnings.

This is crucial for breakeven calculations, because you need a higher balance than you might think because a third of your interest goes to tax.

Unlike some EU neobanks (Bunq, Trade Republic, N26), Revolut handles the DIRT paperwork for you. No need to self-declare on your tax return.

What is the breakeven formula for savings accounts?

``` (Paid plan interest - Standard interest) × 0.67 = Annual Cost ```

The 0.67 accounts for DIRT: you only keep 67% of your interest after the 33% tax. Revolut's rates now step down above a balance, so each plan's interest is worked out band by band, and the comparison is with what the same balance earns on the free Standard plan.

Is Revolut Standard worth it for savings?

Revolut Standard is free, so there's no breakeven to calculate.

• Cost: €0/year
• Rate: 2.50% on the first €2,500, 1% above
• Breakeven: None, it's free!

Standard is always "profitable" because there's no cost to cover. It suits savers with up to €2,500, the part of the balance that earns 2.50%.

Is Revolut Plus worth it for savings?

Revolut Plus costs €3.99/month for the same rates as Standard.

• Cost: €47.88/year
• Rate: 2.50% on the first €2,500, 1% above
• Breakeven: Never

``` Plus interest - Standard interest = €0 at every balance ```

Verdict: No, not for savings alone. Plus pays exactly what the free Standard plan pays, so the extra interest never covers the fee. Plus only makes sense if you value its other features (priority in-app chat, €3,000 a month of fee-free currency exchange on weekdays).

Is Revolut Premium worth it for savings?

Revolut Premium costs €9.99/month for 2.50% on the first €5,000 and 1.25% above.

• Cost: €119.88/year
• Rate: 2.50% up to €5,000, 1.25% above
• Breakeven: About €61,600

``` Extra interest over Standard (balance above €5,000) = €25 + 0.25% × balance (€25 + 0.0025 × €61,570) × 0.67 = €119.88 ```

At about €61,600, your extra after-tax interest covers the annual subscription.

Verdict: Not for savings alone. Premium's extra interest is small, and the 1.25% it pays above €5,000 is below free alternatives. If you'd use its unlimited fee-free currency exchange on weekdays, the plan may still suit you.

Is Revolut Metal worth it for savings in Ireland?

Revolut Metal costs €17.99/month for 2.50% interest on your whole balance.

• Cost: €215.88/year
• Rate: 2.50%
• Breakeven: About €24,000

``` Extra interest over Standard (balance above €2,500) = 1.5% × balance - €37.50 (0.015 × €23,981 - €37.50) × 0.67 = €215.88 ```

At about €24,000, your extra after-tax interest covers the annual subscription.

Verdict: Reasonable if you'd use Metal's other perks (travel insurance, discounted airport lounge access, global data, metal card). The 2.50% rate is competitive with Revolut's other plans, but free alternatives like Trade Republic (3.04% AER for new customers, on cash up to €50,000) or Bunq (up to 3.11%) pay more for pure savings.

See full details on our Revolut Metal savings page.

Is Revolut Ultra worth it for savings in Ireland?

Revolut Ultra costs €55/month (an introductory offer, the pricing page says) for 2.75% interest on the first €100,000.

• Cost: €660/year
• Rate: 2.75%*
• Breakeven: About €58,400

``` Extra interest over Standard (balance from €2,500 to €100,000) = 1.75% × balance - €37.50 (0.0175 × €58,433 - €37.50) × 0.67 = €660 ```

At about €58,400, your extra after-tax interest covers the annual subscription.

Important: Ultra's 2.75% rate only applies to the first €100,000. Above that, you earn 2.50%. This tiered structure means the effective rate decreases for very large balances. Verdict: Only for heavy Revolut users who'd use Ultra's premium perks (unlimited airport lounge access, monthly global data, cancellation cover). For pure savings, Metal reaches its breakeven at a much lower balance, and free alternatives offer better value.

See full details on our Revolut Ultra savings page.

Revolut Breakeven Summary Table

| Plan | Monthly Cost | Rate | Breakeven Balance | |------|--------------|------|-------------------| | Standard | Free | 2.50% up to €2,500, 1% above | Free | | Plus | €3.99 | 2.50% up to €2,500, 1% above | Never | | Premium | €9.99 | 2.50% up to €5,000, 1.25% above | About €61,600 | | Metal | €17.99 | 2.50% | About €24,000 | | Ultra | €55.00 | 2.75% up to €100,000, 2.50% above | About €58,400 |

How does Revolut compare to other savings accounts in Ireland?

For pure savings without subscription fees, consider these alternatives:

| Provider | Rate | Cost | DIRT | Notes | |----------|------|------|------|-------| | MoCo | 2.10% AER | Free | Auto-deducted | Variable rate, withdraw any time | | Trade Republic | 3.04% AER | Free | Self-declare | New customers, on cash up to €50,000 | | Bunq | Up to 3.11% | Free | Self-declare | Bonus rate until your first threshold date, then only above your threshold (1.61% and 1.51% base) | | Revolut Standard | 2.50% up to €2,500, 1% above | Free | Auto-deducted | Convenient if you already bank with Revolut | | Revolut Metal | 2.50% | €17.99/mo | Auto-deducted | Good if you use other perks |

Compare all options on our savings comparison page.

What should I do with my savings?

Under €2,500: Revolut Standard pays 2.50% on all of it, free. No paid plan pays for itself at this size. €2,500 to €24,000: Standard drops to 1% on everything above €2,500. Free options such as Trade Republic (3.04% AER for new customers) or MoCo (2.1% AER) pay more on the rest. No Revolut paid plan breaks even yet. €24,000 to €50,000: Revolut Metal starts to pay for itself, but Trade Republic's 3.04% AER for new customers, on cash up to €50,000, still pays more than Metal's 2.50%, with no fee. Metal only makes sense if you'd genuinely use the travel insurance, lounge discounts and other perks. €50k+: Spread across providers for deposit guarantee protection (€100k per bank). Consider mixing MoCo, Trade Republic, Revolut Standard, and State Savings bonds.

The Bottom Line

The breakeven analysis helps you understand the savings needed for each Revolut plan to cover its subscription cost. But purely for savings returns, free alternatives like Trade Republic (3.04% AER for new customers, up to €50,000) and Bunq (up to 3.11%) pay higher headline rates than any Revolut tier, with no fee.

Revolut's paid plans make sense when you'd use the full package: travel insurance, lounges, fee-free currency exchange. For savings alone, stick with the free tier or look elsewhere.

Compare all Irish savings accounts on our savings comparison page.

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Rates accurate as of October 2026. Revolut rates are variable. Compare current rates. Last updated: October 2026