In Spain, MyInvestor and Trade Republic are the two go-to options for instant-access savings accounts: money available at any time, interest on your balance and no fees. But which pays more? Which is safer? Let's compare the real numbers.
Side-by-side data in 2026
MyInvestor pays 2.10% APY vs Trade Republic at 2.02%. Both offer instant liquidity, no minimum balance, and €100,000 deposit guarantee coverage. The difference in absolute terms on €50,000 is about €40/year — real but modest.
MyInvestor's APYData Score is 7.60/10 vs Trade Republic's 7.58/10 — essentially tied on the objective security-yield metric.
Guarantee: Spanish vs German DGS
MyInvestor is covered by the Spanish FGD (Fondo de Garantía de Depósitos), while Trade Republic is covered by the German EdB (Entschädigungseinrichtung deutscher Banken). Both cover up to €100,000 per depositor — the practical difference is administrative (language of claims process), not financial. Both systems are within the EU DGS Directive framework.
MyInvestor advantages
MyInvestor is a Spanish bank regulated by Banco de España, which means:
- Spanish-language customer support with a local phone number
- Full Spanish tax documentation (withholding tax certificates for the IRPF)
- Access to Spanish-domiciled investment funds with tax deferral on fund-to-fund transfers
- The Fondo Naranja Monetario at 2.60% with T+1 liquidity — 50 basis points above the savings account, no DGS cover but with tax deferral benefits
Trade Republic advantages
Trade Republic excels as an investment ecosystem:
- Commission-free stocks and ETFs from €1, no custody fees
- Direct crypto access from the app
- Automatic DCA investment plans on 2,000+ ETFs
- One of the best-rated mobile investment apps in Europe
The savings account is essentially the cash balance within a broker account, not a standalone bank account — relevant if you want everything in one investment ecosystem.
The Fondo Naranja option
If you want more yield without giving up liquidity, MyInvestor's Fondo Naranja Monetario at 2.60% is accessible from €1 with T+1 redemption. It's a money market fund investing in short-term, high-quality debt. No DGS coverage, but allows tax-deferred fund transfers under Spanish law.
Which one should you choose?
- You just want to earn on cash and value Spanish support → MyInvestor (2.10%) or the Fondo Naranja (2.60%)
- You also invest in stocks/ETFs and want everything in one app → Trade Republic
- You have over €100,000 → split between both for full DGS coverage on each portion, or use the Fondo Naranja with no coverage cap
The APY figures in this comparison update in real time from MyInvestor's product page and Trade Republic's product page on APYData.