Spain's top high-interest savings accounts for 2025

Finding a high-yield savings account in Spain can be a challenge, especially when compared to the higher rates available in countries like the UK or the US. However, several options in 2025 offer competitive rates that can help maximize your savings. Below is a detailed look at the best savings accounts currently available in Spain.

Raisin Cuenta de Bienvenida: 3.60% APR for new customers

Raisin’s Welcome Account offers one of the highest rates, with 3.60% APR on amounts up to €60,000. However, this rate is only valid for the first three months. Afterward, customers can transfer funds to a savings product from one of Raisin's partner banks. The account is commission-free and entirely online, but it’s only available to new Raisin customers.

Bunq Free Account: 2.26% APR with weekly interest

Bunq provides a commission-free savings account with a 2.26% interest rate. Customers benefit from weekly interest payments, two free withdrawals per month, and a free prepaid virtual card. The account can also be linked to Bizum for added convenience.

Revolut Savings Account: 2.53% APR with premium plan

Revolut’s savings account offers 2.53% APR on balances up to €100,000. To qualify, customers must subscribe to their Ultra plan, which costs €55 per month. Additional perks include free SEPA zone transfers.

Openbank Welcome Savings Account: 2.27% APR for six months

Openbank’s welcome account offers 2.27% APR and 2.25% annual interest for new customers with balances from €1 to €100,000. The rate is guaranteed for six months, with no commissions, fees, or withdrawal restrictions.

Trade Republic Savings Account: 2.27% APR with no limits

Trade Republic offers 2.27% APR on unlimited balances. Interest is credited monthly, and customers enjoy the flexibility to withdraw funds at any time. The account also includes a free card and 1% cashback on monthly card payments up to €1,500.

Klarna Flex Account: 2.25% APR with daily interest

Klarna provides a flexible savings account with a 2.25% interest rate. There are no fees, and customers can deposit any amount without a minimum balance. Interest is calculated daily and paid monthly through Klarna’s app.

B100 Savings Account: Up to 3.20% APR for health-focused savings

B100 offers 2.25% APR on regular savings accounts and 3.20% APR for its Health Account, designed for medical expenses. Each account has a €50,000 investment cap, and cash withdrawals in Spain are free.

Bankinter Smart Digital Account: 2.5% APR for salary customers

Bankinter’s Smart Digital Account offers 2.5% APR on balances up to €150,000 for new customers who link their salary and Bizum account. The rate is guaranteed for the first three months and drops to 2.12% if conditions are not met. Additional benefits include free EU transfers, a debit card, and no fees. This offer is valid until July 22, 2025.

N26 Savings Account: 2.25% APR with Bizum connection

N26’s savings account provides 2.25% APR for deposits up to €50,000. The account has no fees and allows customers to access their funds at any time. However, it is only available to new customers who connect their account to Bizum.

Tax considerations

It’s crucial to note that all earnings from high-yield accounts, known as cuentas remuneradas in Spain, must be declared in your tax return, and the appropriate taxes must be paid.