Pinpointing a truly high-yield savings account in Spain is a bit like finding a needle in a haystack, seeing as they’re very few and far between.
In the UK or US for example you can find many 5 or even 6 percent yield rates, but in Spain that's not the case and almost all savings accounts go up to just 2.5-3 percent.
There are banks that offer higher initial rates, but this may only be for a few months and they usually come with extra conditions.
It's also important to remember that any gains from a cuenta remunerada, as high-yield savings accounts are called in Spanish, must be declared on your tax return and the applicable tax paid.
Now that prices have gone up so much though, knowing where to find the best savings accounts in Spain can be a big help.
Here's what you need to know about the best high-interest accounts in Spain as of June 2025.
Raisin Cuenta de Bienvenida: The Raisin Cuenta de Bienvenida or welcome account offers one of the highest percentages of APR currently at 3.60 percent on amounts up to €60,000. Unfortunately though they only offer this rate for the first three months. At the end of the three months, you can transfer your money to a savings product from one of its partner banks. The account is commission free and 100 percent online. As the name suggests it’s only for new Raisin customers.
Bunq Free Account: Bunq offers a commission-free savings account with a 2.26 percent interest rate on the account balance and weekly interest payments. You can link it to your Bizum account, and you are allowed make up to two withdrawals per month. Customers also get a free prepaid virtual card.
Revolut's Savings Account: Online bank Revolut offers 2.53 percent APR up to a maximum of €100,000 for this online account. In order to benefit, you must sign up to their Ultra plan which costs €55 per month. You can also get free transfers with the SEPA zone.
Openbank Welcome Savings Account: Openbank’s welcome savings account for new customers offers 2.27 percent APR and 2.25 percent annual interest rate for 6 months on amounts from €1 up to €100,000. You can withdraw your money at any time and there are no commissions or fees.
Trade Republic Savings Account: Trade Republic's Savings Account offers 2.27 percent APR on unlimited cash balances. You receive interest once a month and have the flexibility to take out your money when you want. You can also get a free card and 1 percent back on your accepted monthly card payments up to €1,500.
Klarna Flex Account: Klarna offers a 2.25 percent interest-bearing, fully accessible flex account with no fees. You can open your account from the app in just a few minutes and deposit an amount with no minimum balance. Interest is calculated daily and paid monthly.
B100 Savings Account: This account offers 2.25 percent APR if you open a savings account and a 3.20 percent APR yield for the Health account. The maximum amount you can invest is €50,000 in each account. It also offers free cash withdrawals in Spain.
Bankinter Smart Digital Account: This account offers 2.5 percent APR up to €150,000 if you get your salary paid in and link it to your Bizum account. The rate is only guaranteed for the first three months. After the fourth month, they check if the requirements are met, if not it decreases to 2.12 percent. You can also benefit from free EU transfers, a free debit card and no commissions or fees. This is available for new customers only. This offer is only available until July 22nd 2025.
N26 Savings Account: If you connect your Bizum to the account, N26’s online service will offer you 2.25 percent APR with the flexibility to access your money whenever you want. The interest rate applies to deposits of up to €50,000. There are no fees, but you must be a new customer to benefit.
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