Revolut challenges Irish high-street banks with alternative savings account

The fintech will offer between 3.5 per cent to 3.95 per cent annually

Customers will be invested in money market funds, meaning they will benefit from higher interest rates. Picture: Revolut

Revolut has swooped in on the savings market in Ireland and launched a new account which provides higher returns than those on offer from high-street lenders.

The global fintech firm is launching flexible accounts where customers will invest in money market funds, meaning they will receive the benefit of higher interest rates.

Customers can invest in three currencies – euro, pound sterling and the dollar – and the rates of return vary depending on the ...