Revolut is offering new customers a 3.51 percent annual yield, above 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 raised its deposit facility rate by 25 basis points to 2.50 percent, effective September 16, 2026. Banco de España also confirmed the change and published the new rates for all basic ECB benchmarks.
New account holders can get the 3.51 percent rate for one month without 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 in every 30-day period. The promotional rate applies to balances of up to 25,000 euros. A customer who keeps the full amount in the account for the entire offer could earn about 220 euros in interest. Business outlets such as 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 set no fixed end date for this offer. It will remain 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. The open-ended approach differs from previous, time-limited deals and is intended to attract more deposits.
Once the promotional period ends, the interest rate falls to a variable figure based on the customer’s Revolut plan. The headline rate is temporary, but gives savers a chance to earn more without a long-term commitment. Spanish financial publications note that the ongoing rate will depend on the user’s chosen plan and may be lower than the initial 3.51 percent.
The ECB’s latest rate hike is putting 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 offers one of the few ways to earn a higher return without complicated conditions or long lock-in periods.
With traditional banks slow to pass on rate increases, Revolut’s offer could push competitors to rethink their savings accounts. The neobank is willing to beat the ECB’s benchmark rate, even for a limited time, as digital banks change customer expectations. For now, Revolut’s 3.51 percent account is a rare option for savers seeking a higher return in a shifting market.
