Deposits and savings accounts in Spain are guaranteed by the Government up to 100.000€ per person and bank. Nevertheless it’s always a good idea to look at the stability of providers of savings accounts in Spain. Some of the most established banks that operate in Spain, like Openbank and iBanesto (both from the Santander Group) or ING, currently offer savings accounts with an APR well above the Euribor rate, in order to attract consumer savings.
In the current economic environment, most experts advise caution when it comes to investment vehicles like real estate or the stock market because they are currently experiencing high levels of volatility. Savings accounts have become a risk free and more attractive alternative as a result.
uSwitch.es offers a free and impartial comparison of savings accounts in Spain, detailing the APR and terms of each of them, so you can get the best out of your money.