Revolut Boosts Spanish Savings Rate to 3.51% TAEExecutive summary: Revolut launched a new savings account offering 3.51% TAE for new customers in Spain without any conditions. The higher rate seeks to attract new depositors and increase market share in the competitive Spanish neobanking sector. Revolut, Spanish consumers, competing neobanks such as MyInvestor, and regulators overseeing deposit rates. Other fintechs may respond with higher rates, and regulators may monitor promotional offers for consumer protection.Revolut announced a 3.51% TAE on its new Spanish savings account, aiming to capture depositors without imposing conditions. The move raises the benchmark for neobank deposit rates in Spain and may trigger competitive responses. It also draws regulatory attention as authorities monitor high‑rate promotional offers. The development reflects intensifying competition in the Spanish fintech market.Connected developmentsMyInvestor improves deposit rates to 2.25% TAEEuropean and US equities for portfolio balancingMyInvestor mejora la rentabilidad de sus depósitos al 2,25% TAE a todos los plazosOpen the full case file on Beyond →
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