Best Savings Accounts in Spain 2026 2026

A savings account pays you interest on your balance with no lock-in or minimum term. They are the ideal complement to fixed-term deposits: while a deposit maximises yield by locking capital, a savings account offers total liquidity. APYData compares all savings accounts available to residents in Spain in real time, sorted by APY.

Products compared

5.09%

Best APY available

2.77%

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	EVO Banco	Deposito a 12 meses	2.85%	7.0	Low	—	View →
4	Achmea Bank	Achmea Bank — Depósito 7 años (Raisin)	2.80%	5.8	Low	Locked	View →
5	N26	N26 Instant Savings Metal (2,76% TAE)	2.76%	7.8	Low	Instant	View →
6	Klarna Bank	Klarna Bank — Depósito 2 años (Raisin)	2.56%	5.7	Low	Locked	View →
7	SME Bank	SME Bank — Depósito 1 año (Raisin)	2.56%	5.9	Low	12-month term	View →
8	N26	N26 Instant Savings You (2,56% TAE)	2.56%	7.7	Low	Instant	View →
9	BTG Pactual	BTG Pactual — Depósito 3 años (Raisin)	2.54%	5.7	Low	Locked	View →
10	Bigbank	Bigbank Depósito 12 meses EUR (2,50% TAE)	2.50%	5.9	Low	12-month term	View →
11	Klarna Bank	Klarna Bank — Depósito 1 año (Raisin)	2.46%	5.9	Low	12-month term	View →
12	Younited Credit	Younited Credit — Depósito 2 años (Raisin)	2.46%	5.7	Low	Locked	View →
13	Banca Progetto	Banca Progetto — Depósito 6 meses (Raisin)	2.45%	5.1	Medium	6-month term	View →
14	Nordax Bank	Nordax Bank — Depósito 2 años (Raisin)	2.44%	5.7	Low	Locked	View →
15	SME Bank	SME Bank — Depósito 2 años (Raisin)	2.42%	5.7	Low	Locked	View →
16	Bigbank	Bigbank Cuenta de Ahorro EUR (2,40% TAE)	2.40%	7.7	Low	Instant	View →
17	Banca Progetto	Banca Progetto — Depósito 9 meses (Raisin)	2.39%	4.4	Medium	Locked	View →
18	SME Bank	SME Bank — Depósito 3 años (Raisin)	2.38%	5.7	Low	Locked	View →
19	Banca Sistema	Banca Sistema — Depósito 2 años (Raisin)	2.37%	5.7	Low	Locked	View →
20	Banca CF+	Banca CF+ — Depósito 6 meses (Raisin)	2.37%	6.3	Low	6-month term	View →

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Savings account vs fixed-term deposit: which one?

Before comparing accounts, it helps to understand when a savings account makes more sense than a deposit:

	Savings account	Fixed-term deposit
Liquidity	Instant	At maturity
Typical APY (2026)	2.0–2.5%	2.5–3.5%
Commitment	None	6–24 months
Best for	Emergency fund, day-to-day savings	Medium-term savings

The most common strategy: savings account for the emergency fund (3–6 months of expenses) and fixed-term deposit for medium-term savings you won't need. Many savers use both in parallel.

Standout accounts in 2026

Bankinter — up to 5% in the first year

The most aggressive offer on the market, conditional on payroll domiciliation. The 5% APY applies for the first 12 months on up to €5,000, with a minimum salary of €800/month. After year one, the rate drops to the standard tier. Best for those switching their main bank account, not for parking large amounts.

Sabadell Cuenta Online — 2.50% with no conditions

The best unconditional APY among major Spanish banks in 2026. No payroll requirement, no mandatory direct debits, no fees. Available fully online. Protected by the Spanish FGD up to €100,000.

Bunq Easy Savings — 2.31% with a European app

Bunq is a Dutch neobank with a full banking licence. Its Easy Savings account offers 2.31% on the available balance, with instant liquidity and EU DGS coverage up to €100,000. Particularly valued by frequent travellers.

MyInvestor vs Trade Republic

MyInvestor (2.10%) and Trade Republic (2.02%) are the two benchmarks in Spain for no-conditions savings accounts. The 8 basis point difference is minimal in absolute terms — on €50,000 it's €40/year. The choice between them depends more on the ecosystem than the APY. Read our full MyInvestor vs Trade Republic comparison.

How deposit guarantee schemes work for neobanks

Neobanks with a full banking licence have the same DGS protection as traditional banks:

Trade Republic — German banking licence, covered by EdB up to €100,000
Revolut — Lithuanian banking licence, covered by IDA up to €100,000
Bunq — Dutch banking licence, covered by DNB up to €100,000
N26 — German banking licence, covered by EdB up to €100,000

All are EU DGS funds under the same legal framework (Directive 2014/49/EU), with the same €100,000 limit. The only practical difference is the language of the claims process in case of insolvency — which hasn't occurred for any of these banks.

Promotional rates: what to watch out for

Some banks offer very high promotional rates (4–5%) for the first few months for new customers, usually conditional on payroll domiciliation or reaching a minimum balance. These rates are real but temporary. APYData shows the ordinary (unconditional) APY in the main comparison, with conditions detailed in each product's notes.

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Frequently asked questions

What is a savings account?

A savings account (cuenta remunerada in Spain) pays interest on your available balance with instant liquidity. Unlike a fixed-term deposit, you can withdraw at any time without penalty. Most accounts in Spain have no minimum balance requirement.

Are savings accounts in Spain guaranteed?

Savings accounts at EU-licensed banks are protected up to €100,000 per depositor per institution. Spanish banks fall under the FGD (Fondo de Garantía de Depósitos). Foreign neobanks like Trade Republic (German EdB) or Revolut (Lithuanian DGS) also have €100,000 coverage.

Which is the best savings account in Spain in 2026?

It depends on your needs. For the highest APY with Spanish FGD: Sabadell Cuenta Online (2.50%). For the best investment app ecosystem: Trade Republic (2.02%) or MyInvestor (2.10%). For salary account promotions: Bankinter offers up to 5% APY in the first year with payroll domiciliation.

How are savings account interest rates taxed in Spain?

Interest is taxed as capital income (rendimientos del capital mobiliario) in the IRPF, at the savings tax rate: 19% up to €6,000, 21% up to €50,000, 23% up to €200,000. Banks withhold 19% at source; the difference is adjusted in your annual tax return.