Revolut is raising the stakes for savers by offering a 3.51 percent annual yield to new account holders. This move comes just as the European Central Bank increased its deposit facility rate to 2.50 percent, making Revolut’s offer notably more attractive for those seeking short-term returns.
Revolut is offering new customers a 3.51 percent annual yield, topping the European Central Bank’s newly raised deposit facility rate of 2.50 percent. The neobank’s latest promotion targets savers looking for better returns as interest rates rise. The ECB increased its deposit facility rate by 25 basis points to 2.50 percent, effective September 16, 2026, a change also confirmed by Banco de España, which published the new rates for all key ECB benchmarks.
New account holders can get the 3.51 percent rate for one month with no conditions. To keep the higher yield for up to three more months, customers need to make three card payments of at least five euros each within every 30-day period. The maximum balance eligible for the promotional rate is 25,000 euros. Someone who keeps the full amount in the account for the entire offer could earn about 220 euros in interest. Business outlets like Expansion and 20 Minutos report that the promotional period is tied to each client’s activation date and can last up to four months in total.
Unlike earlier campaigns, Revolut has not set a fixed end date for this offer. The promotion will stay open to new clients until the company decides to end it, giving people more time to sign up. After registering, new users have 30 days to activate the higher yield. This open-ended approach is a shift from previous, time-limited deals and is meant to attract more deposits.
Once the promotional period ends, the interest rate drops to a variable figure based on the customer’s Revolut plan. The headline rate is temporary, but it gives savers a chance at higher returns without a long-term commitment. Spanish financial publications note that the ongoing rate after the promo will depend on the user’s chosen plan and may be lower than the initial 3.51 percent.
This move comes as the ECB’s latest rate hike puts pressure on banks to improve their savings products. By offering a yield a full percentage point above the central bank’s deposit rate, Revolut is competing directly for new deposits. For Spanish savers and others in Europe, this promotion is one of the few ways to get a higher return without complicated conditions or long lock-in periods.
With traditional banks slow to pass on rate increases, Revolut’s offer may push competitors to rethink their own savings accounts. The neobank’s willingness to beat the ECB’s benchmark rate, even for a limited time, shows how digital banks are changing what customers expect. For now, Revolut’s 3.51 percent account is a rare option for those looking to get more from their savings in a shifting market.
