Spain's big three banks in 2026
BBVA, Santander and CaixaBank together serve over 60 million customers in Spain. But when it comes to rewarding savings, the story is disappointing.
BBVA: 0% on current account
BBVA's Cuenta Online offers 0% APY. Their Depósito Combinado reaches up to 0.65% APY — but only if you invest part of your capital in a BBVA fund.
Santander: negotiated deposits, not published
Santander's current account: 0% APY. Their term deposits (up to 2% at 6 months) are only available from €15,000 minimum and are negotiated in branch — not published openly.
CaixaBank: deposit that depends on how many insurance products you buy
CaixaBank's Cuenta Día a Día: 0% APY. Their Depósito Bonificado at 12 months ranges from 0.10% (no conditions) to 1.10% APY (with payroll direct debit + 4 insurance products from CaixaBank). Minimum €5,000.
The real alternative
While the big three offer 0%–1.10% with strings attached, Klarna Bank via Raisin offers 2.56% APY on a 2-year deposit with no conditions and €1 minimum. Bigbank offers 2.50% at 12 months.
The practical strategy: keep a current account at your traditional bank for payroll and bills, and move savings to a specialist provider. Compare all options at APYData's comparator.