Banking

Revolut plans to pay its Irish users interest on Vault accounts

The popular digital banking service already offers dividends in other countries including the US, Britain and Poland

The digital banking service is to start paying customers interest on money put away through its Vaults automatic saving function

Revolut is to start paying customers interest on money put away through its Vaults automatic saving function, it’s understood.

The digital bank has proven hugely popular in Ireland since its launch in 2015, with more than 1.7 million customers signed up since then.

Since March, Irish users have been able to open a bank account with Revolut after it was awarded a full banking licence by the European Central Bank last December.

The fintech’s banking ...