Powered by ClearBank Limited, the account allows kids and teens to earn daily interest of up to 4.5% AER, withdraw funds anytime without fees, and track savings in real time. There’s no minimum deposit, meaning young users can start saving immediately and experience the benefits of smart money management.
Interest Rates (Effective from 27th August 2025):
- Standard – 3.5% AER (variable)
- Plus – 3.5% AER (variable)
- Premium – 3.75% AER (variable)
- Metal – 4.0% AER (variable)
- Ultra – 4.5% AER (variable)
Carlo Spada, Head of Youth Products at Revolut, commented:
“At Revolut, we believe financial literacy starts early. Our Instant Access Savings account for kids and teens is designed not just as a savings tool but as a hands-on lesson in how money can grow. This launch supports our mission to empower the next generation with the confidence and knowledge to build a strong financial future.”
Key Benefits for Families and Young Savers:
- Competitive daily interest rates to help money grow despite inflation
- Flexible access to withdraw savings anytime, without charges
- Practical learning in managing money, setting goals, and building good saving habits
- FSCS protection: Savings are covered under the parent’s £85,000 limit with ClearBank Limited, with a maximum savings balance of £3,500 per child account
Creating a Revolut Kids & Teens account is free and includes access to a personalised card (fees apply). For those aged 13 and above, the card can also be linked to Apple Pay or Google Pay for digital payments, alongside cashback rewards when shopping with popular brands.
With this launch, Revolut strengthens its commitment to making financial education accessible, engaging, and rewarding for the next generation.
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