Best Savings Accounts in Spain
Investing in Savings Accounts is a key strategy for Spain residents looking to protect their savings. Currently, the European Central Bank (ECB) maintains the €STR rate at a level that significantly impacts many fixed-income products across the eurozone.
With an annual inflation rate of approximately 3.0% in Spain, finding yields that provide a positive real return after taxes of 19.0% is crucial for maintaining your long-term purchasing power.
Savings Accounts Yields in Spain
| Type | Institution / Product | Gross Yield | After Tax | Real Yield | Status | Details |
|---|---|---|---|---|---|---|
| Savings Accounts | Banco BiG - Gran Depósito (1M)ES | 3.94% | 3.19% | +0.19% | Beats Inflation | 4.00% TAE for 1 month. Exclusive for new clients. Protected by the Portuguese Deposit Guarantee Fund. |
| Savings Accounts | Deutsche Bank Depósito Confianza (12M)ES | 2.94% | 2.38% | -0.62% | Loses to Inflation | 12-month term, €10k-€300k, bonuses for nómina + card |
| Savings Accounts | EBN Banco (12M with investment)ES | 2.79% | 2.26% | -0.74% | Loses to Inflation | 12-month term, €10k min, requires investment product |
| Savings Accounts | Openbank Open 4M (w/ conditions)ES | 2.71% | 2.20% | -0.80% | Loses to Inflation | 4-month term, salary €900+ required, else 1.76% |
| Savings Accounts | Renault Bank Tú+ (36M)ES | 2.56% | 2.08% | -0.92% | Loses to Inflation | 36-month term, interests at maturity |
| Savings Accounts | Volkswagen Bank (12M)ES | 2.48% | 2.01% | -0.99% | Loses to Inflation | 12-month term deposit via Raisin |
| Savings Accounts | Banca March AVANTIO (12M)ES | 2.23% | 1.81% | -1.19% | Loses to Inflation | 12-month term, €30k-€300k, online via AVANTIO |
| Savings Accounts | Bunq Easy Savings (Weekly)ES | 2.19% | 1.78% | -1.22% | Loses to Inflation | Weekly compound, higher balances get 2.26%, base 1.51% |
| Savings Accounts | MyInvestor Super Deposit (1M Premium)ES | 2.19% | 1.77% | -1.23% | Loses to Inflation | 1-month term, €10k-€100k, requires €4k robo-advisor |
| Savings Accounts | Banco Santander 12M TermES | 2.14% | 1.73% | -1.27% | Loses to Inflation | 12-month term deposit, €10k minimum |
| Savings Accounts | Trading 212 Flexible SavingsES | 2.14% | 1.73% | -1.27% | Loses to Inflation | UK fintech, investor protection ~€20k, instant access |
| Savings Accounts | MyInvestor Super Deposit (1M)ES | 1.98% | 1.61% | -1.39% | Loses to Inflation | 1-month term, €10k-€100k, no conditions |
| Savings Accounts | Trade Republic Cash AccountES | 1.96% | 1.58% | -1.42% | Loses to Inflation | Instant access, tracks ECB rate, up to €50k |
| Savings Accounts | MyInvestor Deposit (3M Premium)ES | 1.94% | 1.57% | -1.43% | Loses to Inflation | 3-month term, requires €150 robo-advisor |
| Savings Accounts | N26 Savings AccountES | 1.94% | 1.57% | -1.43% | Loses to Inflation | Metal plan only (€16.90/mo), instant access |
| Savings Accounts | N26 Metal SavingsES | 1.94% | 1.57% | -1.43% | Loses to Inflation | Requires Metal plan (€16.90/mo), instant access, ECB-linked |
| Savings Accounts | Lightyear Cash AccountES | 1.84% | 1.49% | -1.51% | Loses to Inflation | Estonian broker, monthly interest, no limit |
| Savings Accounts | Revolut Savings VaultEU | 1.79% | 1.45% | -1.55% | Loses to Inflation | Premium/Metal plans, instant access, up to €100k |
| Savings Accounts | Openbank Cuenta NóminaES | 1.74% | 1.41% | -1.59% | Loses to Inflation | Santander subsidiary, salary required, instant access |
| Savings Accounts | Bunq EasyBank SavingsES | 1.50% | 1.21% | -1.79% | Loses to Inflation | Instant access, Dutch deposit guarantee, monthly interest |
| Savings Accounts | MyInvestor Remunerated AccountES | 0.69% | 0.55% | -2.45% | Loses to Inflation | First year only, up to €70k, instant access |