Revolut is the latest fintech to enter the UK savings market with a new savings account for premium users that will pay 1.35 percent interest; the new account is for premium users whose sole tax residency is in the UK and is FSCS protected up to £85,000 through Paragon Bank; the company will also soon offer savings accounts for other UK customers at lower rates and to European markets after that; Nik Storonsky, Founder & CEO of Revolut said to AltFi: “ For us, this is another step towards our goal of democratising the financial services industry, and providing much greater value than traditional banks. As we push into 2020, we have a host of new products and services on the way that will help our customers to spend, save and manage their money more effectively.” Altfi
