Best Fixed-Term Deposits in Spain 2026 2026

A fixed-term deposit guarantees a fixed return for a set period in exchange for locking your capital. They are the safest savings products available: in the EU they are guaranteed up to €100,000 per depositor per institution. In 2026, the best fixed-term deposits available from Spain exceed 2.40% APY — far above what traditional banks like BBVA, Santander or CaixaBank offer.

Products compared

2.80%

Best APY available

2.37%

Average APY

#	Entity	Product	APY	Score	Risk	Liquidity	View
1	Achmea Bank	Achmea Bank — Depósito 7 años (Raisin)	2.80%	5.8	Low	Locked	View →
2	Klarna Bank	Klarna Bank — Depósito 2 años (Raisin)	2.56%	5.7	Low	Locked	View →
3	BTG Pactual	BTG Pactual — Depósito 3 años (Raisin)	2.54%	5.7	Low	Locked	View →
4	SME Bank	SME Bank — Depósito 1 año (Raisin)	2.53%	5.9	Low	12-month term	View →
5	Bigbank	Bigbank Depósito 12 meses EUR (2,50% TAE)	2.50%	5.9	Low	12-month term	View →
6	Klarna Bank	Klarna Bank — Depósito 1 año (Raisin)	2.46%	5.9	Low	12-month term	View →
7	Younited Credit	Younited Credit — Depósito 2 años (Raisin)	2.46%	5.7	Low	Locked	View →
8	Banca Progetto	Banca Progetto — Depósito 6 meses (Raisin)	2.45%	5.1	Medium	6-month term	View →
9	Nordax Bank	Nordax Bank — Depósito 2 años (Raisin)	2.44%	5.7	Low	Locked	View →
10	SME Bank	SME Bank — Depósito 2 años (Raisin)	2.42%	5.7	Low	Locked	View →
11	Younited Credit	Younited Credit — Depósito 1 año (Raisin)	2.40%	5.9	Low	12-month term	View →
12	Banca Progetto	Banca Progetto — Depósito 9 meses (Raisin)	2.39%	4.4	Medium	Locked	View →
13	SME Bank	SME Bank — Depósito 3 años (Raisin)	2.38%	5.7	Low	Locked	View →
14	Banca Sistema	Banca Sistema — Depósito 2 años (Raisin)	2.37%	5.7	Low	Locked	View →
15	Banca Progetto	Banca Progetto — Depósito 2 años (Raisin)	2.31%	4.4	Medium	Locked	View →
16	BluOr Bank	BluOr Bank — Depósito 1 año (Raisin)	2.30%	5.9	Low	12-month term	View →
17	Fjord Bank	Fjord Bank — Depósito 1 año (Raisin)	2.30%	5.9	Low	12-month term	View →
18	BankB	BankB — Depósito 4 años (Raisin)	2.30%	5.7	Low	Locked	View →
19	Banca Progetto	Banca Progetto — Depósito 3 meses (Raisin)	2.25%	4.4	Medium	Locked	View →
20	Banca Progetto	Banca Progetto — Depósito 4 años (Raisin)	2.25%	4.4	Medium	Locked	View →
21	Mano Bank	Mano Bank — Depósito 1 año (Raisin)	2.23%	5.8	Low	12-month term	View →
22	Mano Bank	Mano Bank — Depósito 2 años (Raisin)	2.21%	5.6	Low	Locked	View →
23	TF Bank	TF Bank — Depósito 1 año (Raisin)	2.20%	5.8	Low	12-month term	View →
24	Banca CF+	Banca CF+ — Depósito 6 meses (Raisin)	2.14%	6.2	Low	6-month term	View →
25	Pibank	Depósito a Plazo 12 meses	2.12%	5.8	Low	12-month term	View →

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Why the best fixed-term deposits are no longer at your usual bank

Spain's largest banks (BBVA, Santander, CaixaBank) offer between 0.10% and 1.10% APY on fixed-term deposits — with conditions attached. Meanwhile, European banks accessible from Spain via platforms like Raisin offer up to 2.56% APY with no strings attached.

The difference is structural: large banks fund themselves in wholesale markets and don't need retail deposits. Specialist deposit banks do need them, and compete by offering better rates.

Best fixed-term deposits by time horizon

Short term (3–6 months)

Banca Progetto via Raisin — 3 months: 2.25% APY from €1, Italian DGS
Banca Progetto via Raisin — 6 months: 2.45% APY from €1, Italian DGS
BluOr Bank via Raisin — 6 months: 2.16% APY from €1, Latvian DGS

Medium term (12 months): the sweet spot

Bigbank — 12 months: 2.50% APY no minimum, Estonian DGS. Direct contract.
Klarna Bank via Raisin — 12 months: 2.46% APY from €1, Swedish DGS
BluOr Bank via Raisin — 12 months: 2.30% APY from €1, Latvian DGS
Pibank — 12 months: 2.12% APY Spanish bank, Spanish DGS

Long term (2+ years): maximum yield

Klarna Bank via Raisin — 2 years: 2.56% APY — best available deposit
Younited Credit via Raisin — 2 years: 2.46% APY
Nordax Bank via Raisin — 2 years: 2.44% APY

EU deposit guarantee: all the same protection

All EU member states are required to guarantee €100,000 per depositor per institution under the European Deposit Guarantee Schemes Directive (DGSD). A deposit at Bigbank (Estonia) or Klarna Bank (Sweden) has exactly the same legal protection as one at a Spanish bank.

How to open a European deposit from Spain

Choose a platform: Raisin is the main marketplace in Spain. Free registration, 100% online.
Verify your identity: KYC online (ID + selfie), 10–15 minutes.
Choose your deposit: filter by term, APY and issuing bank.
Transfer funds: from your bank account to Raisin, which forwards to the issuing bank.
At maturity: capital + interest returns to your account. No automatic tax withholding — declare in your annual tax return.

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Frequently asked questions

Which fixed-term deposit pays the most in 2026?

In 2026, Klarna Bank via Raisin leads with 2.56% APY at 2 years. At 12 months, Bigbank offers 2.50% APY with no minimum deposit. Banca Progetto via Raisin offers 2.45% at 6 months from €1.

Can I open European bank deposits from Spain?

Yes. Through platforms like Raisin you can open deposits with European banks (Estonia, Sweden, Italy, Lithuania) with the same DGS guarantee level as Spanish banks. The process is 100% online.

What happens if I need the money before maturity?

Most fixed-term deposits do not allow early withdrawal or result in full loss of interest. If you need liquidity, consider an instant-access savings account (e.g. Bigbank 2.40%, available immediately).

How much tax do I pay on interest?

Interest is taxed at a minimum of 19% as capital income. Spanish banks automatically withhold 19%. European banks via Raisin do not withhold — you must declare the full amount in your annual tax return.