To begin with, Savings Vaults will be available to Revolut Metal customers whose sole tax residency is the UK. Funds in Savings Vaults are deposited with Paragon Bank and protected by the FSCS up to a value of £85,000 for eligible customers.
Volt was the first Australian neobank to receive an unrestricted banking license (ADI) back in 2019. It has now working out of its North Sydney-based office, and is expecting to grow to over 200 staff over the next twelve months.
Xinja Bank, today launched Stash savings account, paying 2.25%.The Stash account is a savings account, with its own account number so that funds can be transferred directly from any other bank account easily.