Revolut launched savings accounts in Ireland in 2024. Here's how they compare to alternatives.
Revolut Savings Rates
| Plan | Monthly Fee | Savings Rate |
|---|---|---|
| Standard | Free | 1.50% |
| Plus | €3.99 | 1.50% |
| Premium | €8.99 | 1.85% |
| Metal | €15.99 | 2.00% |
| Ultra | €45 | 2.25% |
How Revolut Savings Works
- Interest calculated daily
- Paid monthly
- Instant access
- Protected by Lithuanian deposit guarantee (€100,000)
- DIRT deducted automatically
Revolut vs Bunq
| Factor | Revolut Standard | Bunq Free |
|---|---|---|
| Rate | 1.50% | 2.01% |
| After DIRT | 0.89% | 1.19% |
| Fee | Free | Free |
| Protection | €100,000 | €100,000 |
Bunq wins on rate. Revolut only competitive at Premium tier or above.
Is Revolut Worth It for Savings?
Yes, If:
- You already use Revolut for daily banking
- You're on Premium/Metal/Ultra for other reasons
- You want everything in one app
No, If:
- Savings rate is your priority
- You're on Standard (Bunq pays 0.5% more)
- You'd pay for Premium just for savings
Pros and Cons
Pros
✅ Convenient if already using Revolut ✅ Instant access ✅ Irish IBAN ✅ Full EU protection ✅ Excellent app
Cons
❌ Standard rate (1.50%) below Bunq (2.01%) ❌ Need expensive plan for competitive rates ❌ Rate tied to subscription tier
Verdict
Rating: 3/5 for savings
Revolut is excellent for everyday banking but not the best for savings. If you're on Standard or Plus, move savings to Bunq for better returns.
Last updated: January 2026