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Revolut to offer Irish customers up to 3.49% interest on new savings accounts

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Revolut

Revolut is to launch a savings account with 2% interest rate in another major intervention in the banking industry.

Revolut is to launch a savings account with a 2% interest rate in another major intervention in the banking industry.

“We’re talking here about €153 billion in household savings, so if 90% of that is earning nothing virtually and the banks can loan it out at 4% for a mortgage or put in the European Central Bank,” Mr Weston said.

 

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Irish Revolut customers set for major cash boost as they roll out new featureThe new savings account feature set to be launched by Revolut will see people be able to make up to 3.49% interest on their savings and they would be earning interest daily
Source: RSVPMagazine - 🏆 7. / 76 Read more »