Revolut introduces 4.25% interest rate and German deposit insurance

Fintech company Revolut has launched a new interest rate offensive for its customers in Germany. New users can access a promotional interest rate of 4.25 percent per annum on call money (Tagesgeld) for a period of four months. This promotional rate applies to deposits up to a maximum of 25,000 euros, with interest credited daily.

In a significant structural change, newly opened call money accounts in Germany will now be covered by the statutory German deposit insurance scheme, protecting up to 100,000 euros per person in the event of insolvency. This is made possible because Revolut will hold customer funds in trust with Deutsche Bank AG. Existing accounts will remain under the Lithuanian deposit protection scheme via Revolut Bank UAB.

To maintain the high interest rate after an initial 30-day grace period, users must meet specific activity requirements: performing at least three card payments of at least 5 euros each within every 30-day period. Failure to meet these conditions will result in the rate reverting to the standard model rate. After the four-month promotional period, interest rates will vary based on the user's subscription tier, ranging from 1.25 percent to 2.50 percent depending on the account model and balance.