Categories: Enterteiment

To celebrate its 5 million young customers, Revolut launches a savings account for the new generation

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© Revolut

The neobank Revolut is shaking up the banking sector once again by unveiling an innovative savings account for 6-17 year-olds. This new offer, which promises interest rates of up to 2.75%, enriches the Revolut <18 ecosystem with a modern approach to youth savings.

The remuneration rate adapts to the parents' subscription level, with a progressive pricing scale: Standard and Plus accounts benefit from a rate of 1%, Premium from 1.5%, while Metal and Ultra account holders can benefit from 2.5% and 2.75% gross respectively. For comparison, a youth savings account yields 2.40% net interest at the time of writing. The law requires banks to apply a rate higher than or equal to that of the Livret A, which fell to 2.40% on February 1, 2025.

But the rate alone is not the criterion on which Revolut stands out. “Unlike traditional accounts for under-18s, Revolut <18 empowers children by directly allocating interest to them, giving them a tangible insight into financial growth,” explains Carlos Spada, Product Owner at Revolut <18. Building on its adult savings model, Revolut offers daily interest crediting, allowing young savers to see their capital grow in a tangible way day after day. An approach that aims to empower young people while familiarizing them with the mechanisms of saving.

200% Deposit Bonus up to €3,000 180% First Deposit Bonus up to $20,000

The Revolut <18 hit

The launch of this new feature is accompanied by particularly impressive figures for the Revolut <18 offer. on a global scale, Revolut <18 has just passed the symbolic milestone of 5 million users, representing annual growth of 57%. The French market is one of the most attracted to the formula, as evidenced by the company's exceptional performance in this market. The number of users increased by 78% over the past year and monthly spending exploded by +169%. These results follow the dazzling success of Revolut in France, which now has more than 4 million users across all categories.

This new savings offer comes at just the right time, as families are looking for solutions to cope with inflation while introducing their children to responsible financial management. With no cap on interest, it encourages young people to adopt the saving reflex while offering a concrete learning experience in personal finance management.

  • Revolut offers a new savings account in its Revolut <18 offer with rates of up to 2.75% and interest credited daily
  • A progressive remuneration scale is applied according to the parents' Revolut plan (from 1% to 2.75%)
  • The performance of Revolut<18 in France is exceptional with +78% of users and +169% of monthly spending over one year

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Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining Thesaxon , Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116

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