London-based challenger bank Revolut has launched a new interest-bearing business account in the UK, offering SMEs and freelancers a competitive alternative to traditional banking. The account features up to 1.5% annual interest on business balances, with no minimum requirement—an uncommon offering among mainstream banks.
According to Revolut’s product lead, the interest program is designed to help businesses earn on operational cash reserves without impacting liquidity or month-to-month operations. The rollout arrives as part of a broader shift in neobank strategy to deepen relationships with business customers by delivering financial products beyond basic accounts and payments.
In addition to interest benefits, the new business account includes perks such as multi-currency balances, free FX transfers up to £100,000 per month, and access to embedded features like business analytics, expense management, invoicing tools, and API gateways for payroll integration.
Early adopters report interest-credit postings within days of launch, allowing businesses to reinvest income immediately. SMEs dealing with thin profit margins and tight cash cycles especially stand to gain, helping them boost net operating income by an estimated 0.5–1% annually on average balances.
📌 Why It Matters:
- Signals neobanks expanding beyond consumer services into full-service business offerings
- Encourages traditional banks to reevaluate business savings products
- Reflects growing demand from SMEs for more sophisticated, flexible digital banking tools
