I see now EU based users now have access to interest bearing ‘Savings’ - which is a separate product to Vaults and provided by a Broker.
This is confusing - where for example UK and Irish users have interest bearing Vaults - which have 2 different deposit options? also I see no way of applying the ‘spare change’ feature to my new Savings account.
“Savings” is indeed a different product.
My guess is it will eventually become available for all EEA costumers. I am assuming it’s more profitable for Revolut than arrangements with third party banks that provide “Saving Vaults”.
Unless and until savings accounts in can compete with tax free devices (I’m a French resident) I shall continue to choose carefully where I place my excess funds for investment.