Trying to find a truly high-yield savings account in Spain is very difficult as they are pretty rare.
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 at best.
There are banks that offer higher initial rates, but this may only be for a few months, and they usually come with extra conditions like you must get your salary paid into them.
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 life in Spain is getting increasingly more expensive, knowing where to find the best savings accounts can be very useful.
Here's what you need to know about the best high-interest accounts in Spain in March 2026.
Bankinter Cuenta Nómina: If you bring your salary over to this Bankinter account, you could earn up to 5 percent APR during the first year on amounts up to €100,000. This goes down to 2 percent during the second year. The offer is only available until March 31st or for the first 40,000 accounts, whichever is first.
Raisin Cuenta de Bienvenida: The Raisin Cuenta de Bienvenida or welcome account offers 3.33 percent APR 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.
B100 Health Account: This account offers 3.2 percent APR. The maximum amount you can invest is €50,000. It also offers free cash withdrawals in Spain. There's a catch though, you can only add money from your B100 account if you meet certain health goals.
ING Orange Account: New customers can enjoy a welcome rate of 3 percent APR for 3 months (up to €50,000). This is only available until March 31st, 2026. There are no monthly fees, no conditions, and no minimum deposit. After 3 months, your account will earn 0.30 percent APR.
Revolut's Savings Account: Online bank Revolut offers 2.27 percent APR up to a maximum of €50,00 for this online account. It’s only for new clients and is available up until December 2026.
Openbank Interest-Bearing Account: Openbank’s savings account offers 2.02 percent APR up to €100,000. Plus you get €200 for bringing two direct debits worth €20 per month. You also get another €200 for adding your Bizum and savings to the account. It's only available up until April 17th.
Trade Republic Savings Account: Trade Republic's Savings Account offers 2.02 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.
Bunq Free Account: With this account you can grow your savings with an interest rate of 2.01 percent in EUR and 3.01 percent in USD and GBP. There’s a limit of €100,000.
ABANCA Savings Account with no commissions: This account offers you 2 percent up to 12 months if you pay your salary into the account. There is no limit on the amount you can save.
Klarna Flex Account: With this account you can earn up to 1.87 APR. There are no maintenance fees and no minimum amounts.
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