Revolut Paying 3.49% on Standard Plan for Some Users?

[jim]

Is it AER?

I get 3.49% aer with revolut but not sure if im comparing same thing. Thanks

 

[Lightning]

It is AER.

Revolut do not pay 3.49%.

 

[gipimann]

Revolut's highest interest rate on savings is currently 3% (it was 3.49%), but only available to their Ultra customers (costs €45 per month)
The interest rate offered to Revolut's basic customers is 1.7%

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[jim]

I am getting 3.49aer with revolut today.

I am on the basic plan.

I think it may be because i lodge a certain amount per month into my revolut. But in any case it looks like i am getting 3.49aer at the moment, see screengrab.

This is, therefore, probably as good as one can currently get for a deposit?

Is 'aer' the correct metric to be measuring and comparing against? I think theres other ways of advertising deposit accounts so not sure if aer is the best measure/metric for comparison.

 

[Lightning]

Wow! Is this still sort of targeted promo by Revolut with certain users only?

Or is it a mistake? Have you calculated your interest to see if you are getting paid 3.49%?

 

[messyleo]

Click on the (i) beside boosted rate to hopefully get an explanation!

 

[jim]

Its resulting from putting certain amnt into revolut each mnth i think. Ill try find aomething to share on it

 

[Paul M.]

It’s their boosted promo https://www.revolut.com/en-IE/boost-your-banking/

 

[Lightning]

Interesting!

When I click "get boosted" it just brings me into the app as normal, not to a particular page. Does the offer still exist for new signups? or is opt-in just not required? And is the only condition that you deposit at least €1,800 per month?

 

[Paul M.]

It's opt-in but requires an invite email from them. It's for existing customers, not new signups. I'm not sure how exactly they are determining who to invite but the "Who is eligible for this Promotion?" section of the T&Cs (here: https://www.revolut.com/en-IE/legal/boosts-offer-existing-customers/) indicates that having topped up your Revolut current account with €1,800 or more in the last month will probably exclude you.

 

[Alkers86]

IS this for normal personal accounts or for business accounts?

 

[jim]

Norm

 

[ACER10]

Just see the email in inbox.

I'll add a few screenshots. It stated 'up to', but then on next screen only offered 1.7% unless ULTRA which was 3%.

 

[Paul M.]

That’s not the Boosted promo.

 

[jim]

Yeah its the so called boosted promo that im on. Basically if i lodge x amnt in per month i get 3.49% savings and also 1٪ cashback.

 

[8till8]

View attachment 10292

 

[MTB_FS]

I have it too. A great deal. I tried to get my wife on it at the time, but I could not see the same deal.

I have to lodge €1,800 per month into Revolut to keep it going. I don't expect it to last for too much longer.

 

[Lex994]

This offer ended for me on March 28th - Has it ended for others also?

 

[jim]

Still going for me

 

[grimfandango]

Yes I am still getting it. I have an AIB credit card so each month I top up my Revolut by 10k using the AIB cc, take the daily interest, then transfer the 10k back to AIB at the end of the month, pay off the credit card bill and repeat. Money for nothing.
My other half got a boosted account but only got 2% interest. He gets 1% cashback while I get 2%. Not sure what criteria they use to determine who gets which offer.
Edit - just checked there and it looks like the offer is ending on April 6th for me