Revolut Kids & Teens Instant Access Savings

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Kids & Teens Instant Access Savings is a savings account from Revolut.

Rate tiers

Every balance band in the bank's feed: base is the rate the bank pays.

One rate on every balance.

The feed states a maximum balance of $699.

Conditions

• ages 6 to 18
• the feed lists several base rates for one balance; the lowest is shown, up to 5.55% (Parent's Ultra Plan p.a. variable interest rate. Interest is earnt and paid daily. Lower interest rates apply based on the total balance across all the parent's personal savings accounts. Rates may change at any time.)
• kids and teens accounts are for ages 6 to 15; the parent or guardian must be 18 or over and hold a Revolut account
• a sub-account of the parent’s Revolut account, linked to a Kids & Teens account

Features

app

yes

notifications

yes

Other features, in the bank's words:

• Features and benefits will vary depending on the parent's plan - see our website for more info. Plan-specific fees and benefits are tied to the parent's Revolut Personal Account

Fees, limits and who can open it

monthly fee

no monthly fee stated

maximum balance

$699

interest paid

daily

interest calculated

daily

age

ages 6 to 18

open to

personal customers

age limited

open only to people of certain ages (kids, youth or seniors accounts)

linked account

a linked or nominated transaction account is required

Who can open it, in the bank's own words:

• age 18 and under: Kids & Teens is intended for children aged 6 to 15. When the RKT user turns 16, they may migrate to a 16–17 account. At 18, they may move to a full Retail account. The RKT account is force-closed on the last day before their 19th birthday.
• residency: Australian residents including temporary visa holders are eligible. Non-residents are not eligible for an Australian Revolut account: Must be an Australian resident with a valid Australian residential address
• A parent or guardian must hold an active Revolut Personal Account to create a Kids & Teens sub-account. The Kids & Teens account is linked to and managed by the parent's account

About this account

A savings sub-account linked to a parent's Revolut Personal Account intended for children aged 6 to 15, earning variable interest on AUD balances. Features and allowances vary based on the parent's subscription plan tier.

Data

• Revolut's own page for this account.
• The bank's documents its product record links to: terms and conditions, fees, eligibility.
• Our verbatim snapshot of the bank's product record (source), as fetched on 10 November 2026.
• How often interest is paid comes from the bank's own page, not its product data, checked on 1 November 2026: "Interest is paid daily on the balance of the RKT Savings Account at the end of each day."
• We read the bank's own page and terms against this page on 1 November 2026: revolut-kids-and-teens-parent-and-guardians, u18-savings-account, interest-rates-and-fees; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/revolut.json: this bank's accounts and every balance band as JSON; Revolut's page lists them.
• The bank last updated this record on 10 November 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.

Other accounts at Revolut

• Business Instant Access Savingsstale savings account, 2.25% base at $50,000
• Instant Access Savings savings account, 3.00% base at $50,000
• Business Accountstale transaction account
• Business Multi-currency Walletstale transaction account
• Joint Accountstale transaction account
• Kids & Teens Accountstale transaction account
• Personal Accountstale transaction account
• Personal Multi-Currency Walletstale transaction account

All of Revolut's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.