Live offers across tracked providers in Spain — updated daily from the Giraffy database.
19 live offers compared from 16 providers, from 2% AER. Updated daily.
2% AER
2% AER
2.01% AER
2.27% AER
2.50% AER
2.50% AER
2.50% AER
3% AER
3.04% AER
3.25% AER
3.25% AER
3.40% AER
3.50% AER
3.50% AER
3.57% AER
3.60% AER
3.70% AER
4.06% AER
4.50% AER
A savings account (cuenta de ahorro) pays interest on a balance you can access at any time, unlike a fixed deposit that locks your money away. Spanish savings accounts often pair a headline rate with conditions - such as being a new customer or domiciling a payroll - and many pay interest that steps down after an introductory period. They suit an emergency fund or money you may need at short notice while still earning a return.
Savings rates follow the ECB's policy rate, and competition intensified as rates rose. Digital banks and neobanks - Openbank, ING, WiZink, bunq and Revolut - have led on rate and simplicity, while high-street banks often reserve their best offers for new money or bundled customers. A common structure is a high promotional rate for the first few months that then reverts to a lower standard rate, so the long-run rate deserves attention, as does any cap on the balance that earns the top rate.
Instant access — withdraw whenever you need to, unlike a term deposit.
Interest on idle cash — earn a return on your buffer while keeping it liquid.
Deposit guarantee — balances are protected up to 100,000 euros per person per bank.
No lock-in — you keep flexibility to move to a better rate whenever one appears.
Check the ongoing rate — look beyond the promotional headline to the rate you will earn after a few months.
Watch the conditions — some rates require new money, a payroll or a balance cap above which interest drops.
Compare with deposits — if you will not touch the money, a fixed deposit may pay more.
Note how interest is paid — monthly interest compounds faster than annual, improving the effective return.
Openbank, ING España, Bankinter and Banco Sabadell run popular remunerated accounts, while WiZink offers savings and deposit products, and bunq and Revolut add app-first savings with flexible features. CaixaBank rounds out the field. The best choice depends on whether you value a simple no-conditions rate or a bundled account with a bank you already use. Since promotional rates often lapse after a few months, many savers move their balance periodically to whichever account currently leads, treating the savings account as a flexible home for cash rather than a permanent one.
Savings accounts are normally free to open and run. Rates on our panel range from around 2% up to roughly 4.5% TAE, with the highest figures usually promotional or capped to a balance limit. Interest is taxable in your base del ahorro under IRPF, starting at 19% and rising with total savings income, so factor tax into the net return when comparing accounts.
Balances at Spanish-licensed banks are covered by the FGD up to 100,000 euros per depositor per bank; EU neobanks rely on their home-country scheme at the same level. Banco de España supervises the providers, and advertising rules require that promotional rates and their conditions are stated clearly, including when and to what the rate reverts.
Can I lose money? — No; the balance cannot fall and is guaranteed up to 100,000 euros.
Is the interest taxed? — Yes, banks withhold tax on interest, reconciled in your annual IRPF return.
Savings account or deposit? — Choose a savings account for access, a deposit for a higher locked rate.
Is there a balance cap? — Many top rates apply only up to a limit; amounts above it earn a lower rate.
Giraffy tracks 5 savings accounts across ABANCA,Banco Sabadell,bunq,Revolut,ING España providers in Spain. Sort by highest rate and filter by account type (easy access vs. fixed) to find the best deal for your timeline.
Yes — the FGD (Fondo de Garantía de Depósitos) protects up to €100,000 per person, per bank. Always confirm your institution is Banco de España-regulated before depositing. If your balance exceeds the protection limit, spread funds across multiple separately-licensed banks.
p.a. (per annum) is the standardised rate that accounts for how often interest is compounded over a year. It's the fairest number to compare across accounts — always compare like-for-like using p.a. rather than the gross or monthly rate.
Easy access accounts let you withdraw your money at any time — rates are variable and may change. Fixed-rate bonds or term deposits lock your money away for a set period (usually 1–5 years) at a guaranteed rate, which is typically higher. Choose fixed if you don't need the funds before the term ends.
Tax on savings interest varies by country and income level. Check your country's tax authority guidance or speak to a financial adviser if your interest income is significant.
Yes — and it can be a smart strategy. Spreading savings across banks maximises your deposit protection (€100,000 under the FGD per institution) and lets you earn the best rate at each bank. Just keep track of all accounts to avoid losing money to dormancy fees.
Most easy access accounts transfer funds to a linked current account within one working day, and many process withdrawals the same day. Some accounts restrict the number of free withdrawals per month — check the terms before you open one if flexibility matters to you.