Best Neobanks in Spain & Europe 2026 2026

Neobanks have revolutionised personal banking by offering competitive savings accounts with no fees and best-in-class apps. APYData compares in real time the best neobanks available to residents in Spain and Europe: current APY, deposit guarantee scheme coverage, liquidity and plan conditions.

Products compared

5.09%

Best APY available

2.23%

Average APY

#	Entity	Product	APY	Score	Risk	Liquidity	View
1	Ibercaja	Cuenta Vamos	5.09%	8.5	Low	Instant	View →
2	Bankinter	Cuenta Nómina	5.00%	8.4	Low	Instant	View →
3	N26	N26 Instant Savings Metal (2,76% TAE)	2.76%	7.8	Low	Instant	View →
4	N26	N26 Instant Savings You (2,56% TAE)	2.56%	7.7	Low	Instant	View →
5	Bigbank	Bigbank Cuenta de Ahorro EUR (2,40% TAE)	2.40%	7.7	Low	Instant	View →
6	Revolut	Cuenta Remunerada	2.27%	7.7	Low	Instant	View →
7	N26	N26 Instant Savings Standard (2,26% TAE)	2.26%	7.7	Low	Instant	View →
8	MyInvestor	Cuenta Remunerada Premium (2,10% TAE)	2.10%	7.6	Low	Instant	View →
9	Revolut	Revolut Flexible Cash Funds EUR (~2,03%)	2.03%	3.8	Medium	Instant	View →
10	Trade Republic	Cuenta Remunerada	2.02%	7.6	Low	Instant	View →
11	Openbank	Cuenta de Ahorro	2.02%	7.6	Low	Instant	View →
12	Bunq	Bunq — Easy Savings (EUR)	2.01%	7.6	Low	Instant	View →
13	Bankinter	Cuenta Digital	2.00%	7.6	Low	Instant	View →
14	Vivid Money	Vivid Interest Rate Pocket EUR (~2,00%)	2.00%	3.8	Medium	Instant	View →
15	Bnext	Bnext Cuenta Remunerada (2,50% TAE 1er año)	2.00%	3.8	Medium	Instant	View →
16	Abanca	Cuenta Remunerada	2.00%	7.6	Low	Instant	View →
17	Distingo Bank	Distingo Bank — Cuenta de Ahorro (Raisin)	1.92%	7.6	Low	Instant	View →
18	Lightyear	Lightyear EUR Savings Vault (~1,92% APY)	1.91%	3.8	Medium	Instant	View →
19	Banco Cetelem	Banco Cetelem — Cuenta de Ahorro (Raisin)	1.91%	7.6	Low	Instant	View →
20	Klarna	Klarna Cuenta Flex (~1,90% TAE)	1.90%	7.5	Low	Instant	View →
21	Collector Bank	Collector Bank — Cuenta de Ahorro (Raisin)	1.86%	7.5	Low	Instant	View →
22	Lea Bank	Lea Bank — Cuenta Preaviso 4 días (Raisin)	1.85%	6.7	Low	Flexible	View →
23	Wise	Wise Interest EUR (~1,72% TAE)	1.72%	3.7	Medium	Instant	View →
24	WiZink	Cuenta WiZink	1.20%	5.5	Low	12-month term	View →
25	Banco Sabadell	Cuenta Online	1.00%	7.3	Low	Instant	View →

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What is a neobank and why do they pay more than traditional banks?

A neobank is a financial institution that operates exclusively online, with no physical branches. By eliminating the fixed costs of traditional banking (branches, ATMs, in-person staff), they can offer savings accounts with higher yields and lower or zero fees.

In 2026, neobanks available in Spain offer savings accounts with APY ranging from 0.30% (N26 Standard, no conditions) to 2.50% (Bnext, first year). Compared to the 0% offered by many traditional current accounts, the difference is significant.

Neobanks with full banking licence vs e-money institutions

Not all neobanks offer the same level of protection. There are two main types:

Full banking licence: N26 (BaFin, Germany), Klarna (Finansinspektionen, Sweden), Revolut (Bank of Lithuania), Bigbank (EFSA, Estonia). Deposits are covered by the European DGS up to €100,000 per depositor.
E-money institutions (EMI): Wise, Vivid Money, Bnext. No banking licence. Funds are held in segregated accounts (not mixed with company capital), but without direct DGS coverage. Operationally safe, but legally different in terms of protection.

Neobank comparison — Spain & Europe 2026

Neobank	APY	DGS	Conditions
Bnext	2.50%	EMI	1st year only, via MyInvestor
Bigbank	2.40%	✓ Estonia	No lock-in, no conditions
Revolut (promo)	2.27%	✓ Lithuania	Welcome offer, new customers
Revolut Flex Cash	2.03%	MMF	Money market fund, all plans
Vivid Money	2.00%	MMF	Up to €10k; 3% welcome 2mo
Lightyear	1.92%	MMF	Net after 0.20% p.a. fee
Klarna	1.90%	✓ Sweden	No conditions, variable rate
Wise	1.72%	EMI	Net after 0.29% p.a. fee

Which neobank should you choose?

Highest APY with DGS protection: Bigbank (2.40%, Estonian DGS, no conditions)
All-in-one neobank for daily use + savings: Revolut or Klarna
International transfers + savings: Wise (best exchange rates on the market)
Savings only, conservative profile: Klarna or Bigbank (both DGS-covered)
Maximum APY regardless of guarantee: Bnext 2.50% (first year)

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Frequently asked questions

Are neobanks safe?

EU-licensed neobanks are covered by deposit guarantee schemes up to €100,000 per depositor. N26 (German BaFin), Klarna (Swedish Finansinspektionen) and Revolut (Lithuanian Bank) hold full banking licences with DGS coverage. Wise and Vivid Money are e-money institutions — they hold funds in segregated accounts but without DGS protection.

Which neobank pays the most in Spain in 2026?

In 2026, the highest-paying neobanks are Bnext (2.50% for the first year, via MyInvestor), Bigbank (2.40% flexible savings, Estonian DGS) and Revolut (2.27% welcome promotion). For stable APY with no conditions: Klarna (~1.90%) and Vivid Money (~2.00%).

What is the difference between a neobank and a traditional bank?

A neobank operates 100% digitally with no physical branches, resulting in lower costs that translate into better interest rates and fewer fees. Neobanks typically offer better apps and higher savings APY; traditional banks provide mortgages, loans and in-person service.

Can I use multiple neobanks at once?

Yes. A common setup is combining a neobank for daily spending (Revolut, Wise) with one for savings (Klarna, Bigbank) and keeping a traditional bank account for direct debits. There is no legal limit on the number of bank accounts in Spain.