In 2026, three platforms clearly stand out in the Spanish market when it comes to generating real returns on savings: Freedom24, Trade Republic, and MyInvestor. All three offer rates far higher than those of traditional banks, but their profiles differ.
This comparison analyzes in detail what each one offers, who it’s best suited for, and how much you can actually earn with each option.
Contents
- Freedom24: maximum returns, less coverage
- Trade Republic: the balance between savings and investing
- MyInvestor: the most comprehensive option for Spanish investors
- Direct comparison table
- How much can you earn with €10,000 on each platform?
- Conclusion: Which one should you choose?
Freedom24: maximum returns, less guarantee coverage
Freedom Finance Europe (Freedom24) is the European broker based in Cyprus that currently offers the most profitable euro savings account on the market: 3.75% APR. Also available in USD at 5.37% APR, making it the most attractive option for those looking to diversify in dollars.
What Freedom24 offers
- EUR savings account: 3.75% APR, monthly withdrawals
- USD savings account: 5.37% APR
- Market access: US/European stocks, ETFs, bonds
- Welcome bonus: up to an additional 0.25% during certain periods (see current terms)
Important Disclaimers
Freedom24 is regulated by the Cyprus Securities and Exchange Commission (CySEC) and operates under the Cyprus Investor Compensation Fund (ICF), which covers only up to €20,000 per client, compared to €100,000 under the Spanish Deposit Guarantee Fund (FGD). This does not mean it is unsafe, but it does mean you should limit your investment to €20,000 if you want full coverage from the guarantee fund.
The 3.75% APR is variable and depends on market reference rates. If the ECB cuts rates, it could go down.
Trade Republic: The Balance Between Savings and Investing
Trade Republic is the German neobank/broker that has grown the most in Spain over the past two years. It offers a 3.50% APR on cash balances, with daily liquidity and no minimum balance.
What makes Trade Republic special
- 3.50% APR on cash (linked to the ECB deposit rate)
- ETF savings plan starting at €1/month, with no custody fees
- Stocks and ETFs with a fixed €1 commission per trade
- Debit card with 1% cashback in fractional shares
- Highly rated mobile app on iOS and Android
Guarantee: the strongest of the three
Trade Republic is regulated as a bank by the German Bundesbank, and client funds are protected by the German deposit guarantee fund (Entschädigungseinrichtung deutscher Banken, EdB) up to €100,000 per account holder. The same coverage as major Spanish banks.
Main limitation
The APR is explicitly linked to the ECB’s deposit facility rate. If the ECB lowers rates (a possibility in 2026), Trade Republic will lower its rate in parallel, usually within days.
MyInvestor: the most comprehensive option for Spanish investors
MyInvestor is a Spanish entity (with a banking license, partly owned by Andbank) that stands out for combining a competitive interest-bearing account with the broadest investment catalog of the three options analyzed here.
What MyInvestor offers
- Interest-bearing account: 2.55% APR, immediate liquidity, no conditions
- Index funds: access to Vanguard, iShares, and Amundi starting at €1 with 0% purchase fee
- Automated portfolios: Indexa Capital, Finizens, and proprietary portfolios
- Mortgages: the only one of the three that offers financing
- Indexed pension plans
Guarantee: Spanish Deposit Guarantee Fund (FGD) €100,000
As a Spanish bank, the FGD covers up to €100,000 per account holder. This is particularly relevant for those who prefer to keep their primary savings within the Spanish financial system.
The interest-bearing account does not top the rankings
MyInvestor’s 2.55% APR is competitive but trails behind Trade Republic and Freedom24. However, if you already use MyInvestor for index funds, keeping your cash there at 2.55% makes a lot of sense for operational simplicity.
Direct comparison table
| Freedom24 | Trade Republic | MyInvestor | |
|---|---|---|---|
| Savings account APR (EUR) | 3.75% | 3.50% | 2.55% |
| Guarantee Fund | ICF €20,000 | EdB €100,000 | FGD €100,000 |
| Liquidity | Monthly | Daily | Immediate |
| ETF Investment | Yes | Yes (starting at €1) | Yes (0% commission) |
| Index funds | No | ETFs/savings plans | Yes (wide selection) |
| Regulation | CySEC (Cyprus) | Bundesbank (Germany) | BdE (Spain) |
| Mobile app | Yes | Excellent | Good |
How much do you earn with €10,000 on each platform?
Let’s look at some specific numbers. With €10,000 over 12 months (without reinvesting interest, before taxes):
- Freedom24 (3.75%): €375 gross (approx. €317 net after 19% withholding tax)
- Trade Republic (3.50%): €350 gross (approx. €283.50 net)
- MyInvestor (2.55%): €255 gross (approx. €206.55 net)
The difference between Freedom24 and MyInvestor is €110 net per year for every €10,000. With €50,000, the difference would be about €550 annually, which justifies opening an additional account if the Cypriot ICF coverage (€20,000) isn’t a concern for you.
Conclusion: Which one should you choose?
There is no single answer. It depends on your situation:
- Choose Freedom24 if maximizing the APR is your priority and your capital is less than €20,000 (or you accept the risk on the excess amount).
- Choose Trade Republic if you want the best balance between returns (3.50%), coverage (€100,000), and daily liquidity, especially if you also want to invest in ETFs.
- Choose MyInvestor if you already invest or plan to invest in index funds and prefer to centralize everything with a Spanish institution holding a banking license.
- The optimal strategy for many savers is to combine: Trade Republic for daily liquidity at 3.50% and MyInvestor for long-term investing.
At APYData, we monitor the rates of these three platforms daily. Check the real-time comparison tool to see if the rates have changed since we published this article.