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Revolut and Norwegian Bank interest rate updates

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-08-18 12:07 UTC → 2026-08-20 08:24 UTC · added removed

Revolut and Norwegian Bank have implemented various changes to their savings account interest rates and deposit protections. In mid-August 2026, Revolut announced it would end a promotional 3.51% TAE interest rate for new sign-ups on August 16, with rates eventually reverting to plan-specific levels between 1.25% and 2.27% TAE. Concurrently, Norwegian Bank updated its rates, increasing its standard account to 2.2% TAE while keeping its Plus account at 2.51% TAE. By August 18, 20, Revolut expanded its offerings has positioned itself as a leader in Germany the German call money (Tagesgeld) market. According to an evaluation by introducing a new comparison portal Verivox, Revolut’s promotional interest rate of 4.25% per annum on call money is currently the highest available in Germany, surpassing competitors like Chase, which offers 4% for the first four months months. This German offering applies to new customers on deposits up to 25,000 euros. This new euros, with interest credited daily. To maintain the rate for the full four-month promotional period, users must perform at least three card transactions of at least 5 euros every 30 days. Following the initial 30-day grace period, failure to meet these activity requirements results in the rate reverting to standard levels. After four months, rates vary by subscription tier, ranging from 1.25% to 2.50%. In a structural change, newly opened German service includes coverage call money accounts are covered by the statutory German deposit insurance scheme for up to 100,000 euros, as funds will be are held in trust with Deutsche Bank AG. To maintain Existing accounts remain under the promotional rate after an initial grace period, users must complete at least three card payments of 5 euros or more every 30 days. Lithuanian deposit protection scheme via Revolut Bank UAB.

Versions

  1. 2026-08-20 08:24 UTC Revolut and Norwegian Bank interest rate updates
  2. 2026-08-18 12:07 UTC Revolut and Norwegian Bank interest rate updates

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