The new solution was launched in Great Britain.
Revolut already has 10 million customers in Europe, and only in December 2019 Poles spent almost 340 million usd via the service. New Feature – Savings Vault – launched in cooperation with Flagstone and Paragon Bank will allow for regular savings.
Customers can make regular or one-time payments to the so-called "Treasury". The deposit interest rate is 1.35%and customers can withdraw their money at any time without fees.
British fintech emphasizes that the "treasury" is an easy and quick way to save money for financial purposes. The customer can also choose the option of automatically rounding transactions to an integer, and the difference will be placed on the deposit.
The Savings Vaults feature is currently available to UK users who use a paid plan Metal.
If you want to learn more about Revolut services, be sure to read the article: How does the Revolut card work? Is it worth having?