Revolut is rolling out a new Revolut savings account offer in Italy, promising new customers a gross annual interest rate of 3.5% starting on 20 August 2026. The pitch is simple: sign up, deposit money, and watch interest land in your balance every single day, with no fees, no salary transfer requirement, and no lock-in period. For a market where savers are constantly comparing yields across banks and fintech apps, that combination of a competitive rate and flexible access is designed to stand out immediately.
Summary
Key takeaways
- Revolut offers new Italian customers a 3.5% gross annual rate on its savings account starting 20 August 2026.
- The promotional rate applies for 4 months from activation and covers deposits up to €15,000.
- Interest is calculated and paid daily, directly into the account balance.
- There are no fees, no salary transfer obligations, and no penalties for withdrawals or transfers.
- Revolut operates as a European bank, with deposits protected up to €100,000 per depositor.
Revolut introduces 3.5% savings account offer for new Italian customers
New customers who register with Revolut from 20 August 2026 onward can lock in a 3.5% gross annual interest rate on their savings, a figure that positions the offer as one of the more aggressive promotional rates currently circulating among digital banks operating in Italy. The rate is not permanent, and it is not unconditional — but for savers who fit the eligibility window, it delivers a return that’s meant to feel tangible from day one.
Promotional terms and eligibility
The 3.5% rate is reserved specifically for new customers opening an account from 20 August 2026, and it remains valid for four months starting from the moment the account is activated. Just as important, the promotional rate only applies to the first €15,000 deposited. Anything saved beyond that threshold, or any balance held once the four-month window closes, reverts to whatever standard rate applies under the customer’s chosen plan. This structure means the offer is most valuable to savers building up a moderate emergency fund or short-term reserve, rather than those parking six-figure sums.
Revolut settles interest daily, crediting it directly to the account balance without requiring users to hit a minimum deposit first. Every 24 hours, whatever capital sits in the savings account generates a slice of yield that gets added automatically, letting savers track their growth almost in real time rather than waiting for a monthly or quarterly payout.
Key benefits and accessibility features of the Revolut savings account
Beyond the headline rate, what makes this offer notable is the absence of the usual strings attached to promotional savings products. There’s no obligation to transfer a salary into the account, no opening fees, and no hidden management costs tied to any particular plan. That removes a common barrier that pushes savers toward higher-tier subscription plans just to access better rates.
Liquidity is another selling point. Funds deposited into the Revolut savings account stay fully accessible at all times — customers can withdraw or transfer money whenever they want, with no penalties and no waiting periods. That flexibility separates it from traditional term deposit accounts, where locking in a rate typically means giving up access to the cash for a fixed duration.
The app also lets users organize savings into multiple virtual spaces, each with a custom label such as “Emergencies,” “Vacations,” or “Future Projects.” It’s a small feature, but it turns a single account into something closer to a set of parallel savings goals, all still earning the same daily interest.
Deposit protection and what happens after the promotion
Revolut operates as a fully licensed European bank, which means deposits held with the platform fall under deposit protection guarantees covering up to €100,000 per depositor — the same safety net that applies to traditional Italian banks. For customers weighing whether to move savings into a relatively new digital banking product, that guarantee is likely to matter as much as the headline rate itself.
Once the four-month promotional window ends, or once a balance exceeds €15,000, the 3.5% rate no longer applies to the affected funds. Those amounts shift to the interest rate tied to the customer’s specific plan, meaning the effective long-term yield depends on which Revolut tier a user has selected. This is worth watching closely, since the promotional period is temporary by design — it’s an acquisition tool meant to get new users into the ecosystem, not a permanent savings rate.
How to activate Revolut’s savings account in Italy
Getting started takes only a few steps through the Revolut app. New users first download the app and begin registration, which unlocks eligibility for the new-customer offer. Next comes identity verification, completed digitally with a valid ID. Once verified, customers navigate to the savings section within the app and open a dedicated Savings Account. The final step is funding it — via bank transfer or card — after which daily interest begins accruing automatically as soon as money lands in the account.
Because the offer and its terms are tied to the publication date of Revolut’s promotional notice, customers should check the official Information Sheets on Revolut’s website for the most current contractual details before committing funds.
FAQ
Who is eligible for Revolut’s 3.5% savings account offer in Italy?
The offer is available only to new Italian customers registering from 20 August 2026.
How long does the promotional 3.5% interest rate last?
The 3.5% gross annual rate is guaranteed for 4 months from the date of account activation.
Is there a minimum deposit required to earn interest on Revolut’s savings account?
No, there are no minimum deposit requirements to start earning interest.
Can I withdraw or transfer funds from the savings account anytime without penalties?
Yes, funds remain fully available with no penalties for withdrawals or transfers at any time.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
