The answer to the question of whether Revolut offers interest on deposits is a resounding yes! Revolut is a digital banking platform that offers a variety of financial services, including the ability to earn interest on deposits.
Revolut’s interest-bearing accounts are known as Vaults, and they offer a great way to earn passive income on your money. Vaults are available in both Euro and GBP currencies and offer a competitive rate of interest. The rates vary depending on the currency, but are typically around 0.5% to 1.0%.
When you open a Vault, you can set up a recurring deposit to be made every month, or you can make one-time deposits. Your money will then earn interest on a daily basis, and you can withdraw it at any time.
Revolut also offers a feature called ‘Boosts’, which allow you to earn higher interest rates on your deposits. Boosts are available for a limited time only, so you’ll need to keep an eye out for them.
Overall, Revolut is a great way to earn interest on your deposits. The rates are competitive, and the ability to set up recurring deposits makes it easy to start earning passive income. Plus, with Boosts, you can potentially earn even higher rates of interest.