Revolut is once again offering a 3.51% annual interest rate for new customers in Spain. The deal applies to instant-access savings accounts, with clear conditions and no set end date for sign-ups. Here is what changes for savers.
Revolut is shaking up Spain’s savings market by bringing back its 3.51% annual interest rate for new customers. The offer puts instant-access accounts back in focus at a time when returns elsewhere are falling. Revolut, which says it has over 80 million users worldwide and more than 7 million in Spain, is aiming this deal at people opening new accounts.
This time, there’s no set deadline to sign up. New customers who complete identity checks can activate the higher rate within 30 days of opening their account. The 3.51% rate lasts for up to four months from activation and applies to balances up to 25,000 euros. After that, the interest rate depends on which Revolut plan the customer chooses.
According to Spanish business media, the new 3.51% TAE promotional account from Revolut launched on September 16, 2026, and is available exclusively to new clients in Spain.
To keep earning the higher rate after the first 30 days, users need to make at least three card payments of five euros or more every 30 days. This rule is meant to encourage people to use their account for everyday spending, not just as a place to park savings. Interest is paid daily, and money can be withdrawn at any time.
Ignacio Zunzunegui, Head of Growth for Southern Europe, Latin America, and the US at Revolut, says there’s strong demand for savings accounts that are both flexible and offer a good return. He explains, "The response to our recent savings campaign in Spain has demonstrated the great interest of customers in making the most of their savings while keeping their money always accessible. Our goal is to make saving with Revolut easier than ever: that’s why we offer daily interest payments, instant access to funds, and full management from the app."
For Spanish savers, this offer is a chance to get a leading rate without having to lock up their money or deal with complicated terms. The lack of a sign-up deadline makes it more attractive, though the four-month limit and payment requirements mean it’s best suited to those who plan to use Revolut for regular spending. With traditional banks slow to raise rates, Revolut’s move is a direct challenge to the established players and shows how digital banks are competing for new customers when the market allows.
Deposits from Spanish Revolut customers have already exceeded 3.2 billion euros, with an approximate 80% increase over the past year. This rapid growth helps explain why the company is intensifying its savings offers in Spain, which it now describes as its third most important market after the UK and France.
