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Revolut Empowers Young Savers With the Launch of Its Instant Access Savings Account, Offering Up to 4.5% AER (Variable)
Revolut, the global fintech with over 11 million customers in the UK and 60 million customers globally, is launching Instant Access Savings accounts for its Revolut Kids & Teens users aged 6-15 with market-leading rates of up to 4.5% AER (variable).
The new feature, powered by ClearBank Limited, enables kids and teens in the UK to make their pocket money grow and experience the benefits of saving firsthand, with users now able to earn competitive interest of up to 4.5% AER, paid daily.
Revolut Kids & Teens interest rates are determined by a parent or guardian’s Revolut plan. With no minimum deposit, young users can start saving straight away and watch their money grow in real-time.
Rates effective of 27th August 2025:
- Standard – 3.5% AER (variable)
- Plus – 3.5% AER (variable)
- Premium – 3.75% AER (variable)
- Metal – 4.0% AER (variable)
- Ultra – 4.50% AER (variable)
On the launch, Carlo Spada, Head of Youth Products at Revolut said, “At Revolut, we believe that a strong foundation in financial literacy starts early. Our new Instant Access Savings account for kids and teens is designed to be more than just a savings tool – it’s a hands-on lesson in how money can grow. This latest addition is all part of our mission to give the next generation the tools they need to feel financially confident and build a healthy financial future.”
By offering competitive interest rates, paid daily and withdrawable without fees at any time, the new Instant Access Savings accounts help families navigate the challenges of inflation by ensuring that kids and teens’ money can grow over time. At the same time, youngsters gain practical experience in managing money, setting financial goals and understanding the value of saving — a cornerstone of financial literacy.
Savings in a Kids & Teens account are protected by the Financial Services Compensation Scheme (FSCS), as part of the parent’s total £85,000 protection limit, via ClearBank Limited. Kids & Teens savings accounts have a maximum limit of £3,500.
Creating a Revolut Kids & Teens account is free, giving young customers access to a personalised card (fees apply). For those over 13, they can then link their card to Apple Pay or Google Pay on their smartphones, in addition to cashback rewards when spending with the brands they love. Revolut — Kids & Teens T&Cs apply.
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