Revolut shakes up savings in Belgium with day -to -day interests

Revolut continues to break the bank codes. Moreover, The neobank. Moreover, which already claims more than 800,000 customers in Belgium, launches an unprecedented product on the Belgian market: an unregulated savings account whose interest is calculated and credited daily. Meanwhile, A first in the country’s banking landscape. Moreover,

Concretely. Consequently, as soon as a customer transfers money to their Revolut savings account, Interests start to run immediately and are added every day. Particularity: these interests in turn generate … daily interests. A mechanics ofAccelerated compound interestswhich contrasts with the traditional uses of Belgian banks. where basic interests are only paid once a year and loyalty bonuses each quarter.

30% furniture loss – Revolut shakes up savings belgium

The net rates offered vary from 1.05% to 1.75% per yeardepending on the subscription formula chosen. The disadvantage: as a non -regulated account, interest is revolut shakes up savings belgium subject to 30% furniture lossdirectly taken from the source.

With this launch, Revolut clearly aims to establish itself as the main bank for its Belgian customers. His marketing message plays on the salary : The idea is to transfer your income upon arrival on the account. in order to instantly start the daily remuneration. The strategy is part of a key step: the migration of all its Belgian customers to Iban starting with. Bea decisive lever to settle in local banking habits.

By introducing this model. Revolut does not just add a new option to its offer: it pushes traditional banks to rethink their logic of savings compensation.