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Revolut Savings Vault

in Savings Accounts from Revolut Technologies Inc

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APY (Annual Percentage Yield)

2.75% - 3.5%
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Minimum Opening Deposit

$0
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Minimum Balance to Earn APY

N/A


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Revolut Savings Vault Review

Revolut Savings Vault is offered by Revolut Technologies Inc, a nonbank financial services provider founded in 2015 and based in New York, NY. Revolut Savings Vault are available in 50 states and Washington, DC.

Key Takeaways

  • Early direct deposit. Get access to your paycheck funds faster if you set up a direct deposit to this account. Early salary subject to employer deposit timing and not guaranteed.
  • High yield savings. This account offers an annual percentage yield of up to 3.5%, which is much higher than the average interest rate for a savings account.
  • Charges a monthly fee. This account charges a monthly fee of up to $16.99.
  • No minimum initial deposit. There is no minimum balance required to open an account online.

Revolut Savings Vault Pros & Cons

Revolut Savings Vault FAQ

Are savings accounts from Revolut federally insured?

Revolut is a financial technology company. Funds in your Revolut Prepaid Card Account will be transferred to and held by Lead Bank, an FDIC Insured Institution. Funds loaded onto your Lead Bank-issued card will be insured up to the applicable limits whether your funds are held directly by Lead Bank or through one of its networked FDIC-insured institutions. Savings Vault services provided by Sutton Bank, Member FDIC, and funds there are insured up to $250,000 in the event Sutton Bank fails.

Does Revolut Technologies Inc offer a signup bonus?

Revolut Savings Vault doesn't offer a signup bonus.

What is the minimum initial deposit for Revolut Savings Vault?

There is no minimum deposit to open a Revolut Savings Vault.

What APY does Revolut Savings Vault offer?

Revolut Savings Vault offers a variable APY starting at 2.75% and ranging up to 3.5% (APY stands for annual percentage yield, rates may change). This is much higher than the national average rate for savings accounts.

What fees does Revolut Savings Vault charge?

Revolut Savings Vault does not charge a monthly service fee. See the fee breakdown section below to view all fees.
  • Outgoing domestic bank transfers come with a $10 fee.
  • Incoming domestic bank transfers come with a $10 fee.

What features and perks does Revolut Savings Vault offer?

This savings account includes the following features:
  • Mobile Banking Services - Revolut Savings Vault allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Revolut Savings Vault?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Revolut Savings Vault?

The customer support email for Revolut Savings Vault is support@revolut.com.

Revolut Savings Vault Disclosure: Revolut is not a bank, banking services are provided by Lead Bank, Member FDIC. Fees may apply. The Revolut USA Prepaid Visa and Prepaid Mastercard are issued by Lead Bank pursuant to licensing by Visa® U.S.A. Inc. and Mastercard International for Mastercard cards. Funds in your Revolut Prepaid Card Account are held at or transferred to Lead Bank, Member FDIC, and are insured by the FDIC up to $250,000 applicable limits by the FDIC in the event Lead Bank fails if specific deposit insurance requirements are met. See FDIC–Prepaid Cards and Deposit Insurance Coverage (https://www.fdic.gov/deposit/deposits/prepaid.html)

View Revolut Savings Vault's published terms & conditions

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

107 Greenwich St
New York, NY 10006
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Hours of Operation

Sunday
All Day
Monday
All Day
Tuesday
All Day
Wednesday
All Day
Thursday
All Day
Friday
All Day
Saturday
All Day

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