Revolut’s new savings product puts its customers’ money to work. The Daily Savings Account offers a competitive interest rate with up to 3.50% effective interest (variable) per annum, paid daily in the Revolut app.
When customers switch their paycheck to Revolut, they can immediately save money on the day they receive their paycheck. They can add or withdraw money from their new Daily Savings Account at any time.
Amsterdam, Netherlands – May 6, 2024 – Revolut, the financial super app with more than 40 million customers worldwide, today launches Daily Savings Accounts for more than 700,000 customers in the Netherlands. Daily Savings Accounts are a new and better way for customers in the Netherlands to save money. This allows customers to earn a competitive interest rate of up to 3.50% effective interest on their deposits every day, with a limit of € 100,000. Moreover, they can open an Everyday Savings Account quickly and without hassle.
Daily Savings complements Flexible Accounts, which Revolut announced in the Netherlands earlier this year, allowing customers to invest their money in money market funds to grow their wealth in EUR, USD and GBP.
The Daily Savings Account is the latest feature of the all-in-one financial app, with customers able to access interest on deposits at the following variable annual gross interest rate from launch: 2.00% effective interest on Standard and Plus plans, 2.50% on Premium, 3% on Metal and 3.50% on Ultra.
Revolut’s new Daily Savings Account gives customers the option to put their money into their savings account as soon as their salary is in their account. This way they receive interest on that money daily, unlike other banks. Customers who want a higher interest rate can quickly and effortlessly upgrade their existing plan to a paid plan in Standard’s app.
Moreover, Dagelijks Sparen offers customers in the Netherlands complete control. They have instant access to their money while earning competitive interest, and can add or withdraw money at any time.
Wiktor Stopa, Head of Growth for Western Europe at Revolut: “With Revolut’s Daily Savings Account, saving money becomes even better and easier for customers in the Netherlands who use our app for daily money management. We offer them great interest rates of up to 3.50%, full control of their money at all times, and interest paid daily. Customers can confidently set aside part of their salary to save without having to worry about limits.”
Albert Codorniu, General Manager of Savings at Revolut: “This is an important step in our mission to make Revolut the best choice for everyday banking. Our daily interest payments and instant withdrawal of savings make it easier and better than ever for our Dutch customers to save and grow their money. The Daily Savings Account is also covered by the Lithuanian Deposit Guarantee Scheme.”
This is how customers open a Daily Savings Account:
Update the Revolut app to the latest version
Tap ‘Accounts’
Tap ‘Add New’
Scroll down and tap ‘Save’
Follow the instructions to open an Everyday Savings Account
For more information, view the General Terms and Conditions of Dagelijks Sparen. For more information about deposit protection, visit the deposit insurance page. Read the complaints handling page for more information about complaints and disputes.
Revolut Bank UAB has a Lithuanian banking license and is supervised by the European Central Bank (ECB), De Nederlandsche Bank (DNB) and The Netherlands Authority for the Financial Markets (AFM) for business conduct rules.
For more information, visit: https://www.revolut.com/nl-NL/.
# END #
About Revolut
Revolut is a licensed European bank that helps people get more from their money. In 2015, Revolut launched in the UK, offering money transfer and exchange services. Today, more than 40 million customers around the world use a wide range of innovative Revolut products, processing more than 500 million transactions every month.
With personal and business accounts, Revolut helps its customers gain more control over their finances and seamlessly connects people worldwide.
www.revolut.com
This article is a submitted article and is beyond the responsibility of the editors.
Tags: Revolut launches Dagelijks Sparen Netherlands savings account effective interest variable
-
){kind=link}