Best Bank Deposits in Europe 2026 2026

Platforms like Raisin allow residents of Spain to open fixed-term deposits with European banks, with yields that surpass the Spanish banking average while maintaining EU Deposit Guarantee Scheme coverage (up to €100,000 per depositor). APYData compares all European deposits available to Spanish residents in real time.

Products compared

3.19%

Best APY available

2.83%

Average APY

#	Entity	Product	APY	Score	Risk	Liquidity	View
1	Renault Bank	Depósito Tú+ 36 meses	3.19%	4.1	Low	—	View →
2	BankB	BankB — Depósito 4 años (Raisin)	3.00%	5.4	Low	Locked	View →
3	Renault Bank	Depósito Tú+ 24 meses	2.98%	4.1	Low	—	View →
4	Fjord Bank	Fjord Bank — Depósito 2 años (Raisin)	2.96%	6.6	Low	Al vencimiento	View →
5	BluOr Bank	BluOr Bank — Depósito 1 año (Raisin)	2.92%	5.6	Low	12-month term	View →
6	Haitong Bank	Haitong Bank — Depósito 2 años (Raisin)	2.92%	5.4	Low	Locked	View →
7	Fjord Bank	Fjord Bank — Depósito 3 años (Raisin)	2.91%	6.6	Low	Al vencimiento	View →
8	Haitong Bank	Haitong Bank — Depósito 3 años (Raisin)	2.91%	5.4	Low	Locked	View →
9	Achmea Bank	Achmea Bank — Depósito 5 años (Raisin)	2.90%	5.4	Low	Locked	View →
10	Younited Credit	Younited Credit — Depósito 3 años (Raisin)	2.90%	5.4	Low	Locked	View →
11	Achmea Bank	Achmea Bank — Depósito 4 años (Raisin)	2.87%	5.4	Low	Locked	View →
12	BTG Pactual Europe	Depósito 36 meses (Raisin)	2.85%	5.4	Low	Locked	View →
13	Klarna Bank	Klarna Bank — Depósito 4 años (Raisin)	2.81%	6.6	Low	Al vencimiento	View →
14	Achmea Bank	Achmea Bank — Depósito 3 años (Raisin)	2.81%	5.4	Low	Locked	View →
15	SME Bank	SME Bank — Depósito 2 años (Raisin)	2.80%	5.4	Low	Locked	View →
16	Mano Bank	Mano Bank — Depósito 2 años (Raisin)	2.80%	5.4	Low	Locked	View →
17	Achmea Bank	Achmea Bank — Depósito 7 años (Raisin)	2.80%	5.4	Low	Locked	View →
18	Younited Credit	Younited Credit — Depósito 2 años (Raisin)	2.78%	5.4	Low	Locked	View →
19	Klarna Bank	Klarna Bank — Depósito 3 años (Raisin)	2.71%	6.6	Low	Al vencimiento	View →
20	Younited Credit	Younited Credit — Depósito 18 meses (Raisin)	2.67%	5.4	Low	Locked	View →
21	Achmea Bank	Achmea Bank — Depósito 2 años (Raisin)	2.66%	5.4	Low	Locked	View →
22	Klarna Bank	Klarna Bank — Depósito 2 años (Raisin)	2.66%	5.4	Low	Locked	View →
23	Nordax Bank	Nordax Bank — Depósito 2 años (Raisin)	2.66%	5.4	Low	Locked	View →
24	Renault Bank	Depósito Tú+ 12 meses	2.63%	4.1	Low	—	View →
25	Banca Sistema	Banca Sistema — Depósito 2 años (Raisin)	2.63%	5.4	Low	Locked	View →

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Why do European deposits pay more than Spanish ones?

Spanish banks, with a large captive deposit base and easy ECB liquidity access, do not need to compete aggressively for savings. Banks in countries like Estonia, Latvia, Malta or Portugal, with smaller local deposit bases, offer higher rates to attract European savers. Thanks to platforms like Raisin, any resident of Spain can access these deposits in minutes.

How to open a European deposit from Spain

The process is straightforward:

Open a Raisin account (digital verification in <15 minutes)
Transfer money to your Raisin account (held at the partner bank)
Choose your deposit: bank, term and interest rate
At maturity, receive your capital plus interest back in your account

Your money is protected by the DGS of the issuing bank's home country, with coverage up to €100,000 per depositor per institution across the EU.

Main European banks available in Spain

Bank	Country	APY	Type
Bigbank	Estonia 🇪🇪	2.50%	12-month deposit
Bigbank	Estonia 🇪🇪	2.40%	Flexible savings
Banca Progetto	Italy 🇮🇹	up to 2.75%	Multiple terms via Raisin
BluOr Bank	Latvia 🇱🇻	up to 3.10%	12–24m term via Raisin
Haitong Bank	Portugal 🇵🇹	up to 2.00%	Fixed-term deposit

Tax treatment of European deposits for Spanish residents

Interest from EU bank deposits is taxed exactly like Spanish deposits: as capital income (rendimientos del capital mobiliario) in your IRPF return, at the savings rate (19% up to €6,000; 21% up to €50,000; 23% up to €200,000).

Key difference: some foreign banks do not withhold tax at source. You must declare the full gross amount in your return (with no prior withholding to deduct). If the bank does withhold in its own country, the Spain double-taxation treaty prevents paying tax twice.

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Frequently asked questions

Are deposits with European banks safe?

Yes. All EU-licensed banks are covered by their home country's DGS up to €100,000 per depositor. A deposit at Bigbank (Estonia) has the same protection level as one at a Spanish bank. The EU DGSD framework ensures equivalent coverage across all member states.

What is Raisin and how does it work?

Raisin is a European savings marketplace connecting savers with banks across the EU. You open a Raisin account and deposit with partner banks through their platform. Your money is protected by the DGS of the bank's home country, not by Raisin itself.

How much do the best European deposits pay in 2026?

In 2026, the best 12-month deposits available from Spain pay between 2.40% (Bigbank flexible savings) and 3.50% APY (Baltic and Mediterranean bank deposits via Raisin). Longer terms (24–36 months) can offer up to 3.7%.

Are there tax withholdings on foreign bank deposits?

Interest is taxed identically to Spanish deposits as capital income in your IRPF return. The key difference: some foreign banks do not withhold tax at source (you declare the full amount yourself), while Spanish banks automatically withhold 19%.