What is Renault Bank?
Renault Bank is the online bank of the Renault Group, operating in Spain as a foreign bank under French regulation (ACPR) with deposits guaranteed by the French Deposit Guarantee Fund (FGDR) up to €100,000 per account holder. It has been operating in Spain since 2012 with a simple proposition: competitive fixed-term deposits with no fees or conditions.
Depósito Tú+ 12 months — 2.47% APY
The 12-month Depósito Tú+ offers 2.47% APY (2.45% nominal annual rate) with a minimum deposit of €500. There is no maximum amount and interest is paid at maturity. No direct debit requirement, no minimum number of purchases, no other conditions. Available only to Spanish tax residents.
Depósito Tú+ 24 months — 2.83% APY
The 24-month option offers 2.83% APY (2.80% nominal annual rate), with the same conditions as the 12-month deposit. This is the most balanced option between term and return if you do not need the money for the next two years.
Depósito Tú+ 36 months — 3.03% APY
The best rate in the range: 3.03% APY (3.00% nominal annual rate) over 36 months. For a deposit of €20,000 over 3 years, this represents approximately €1,818 in gross interest. Ideal for capital you will not need in the short term.
Is Renault Bank safe?
Yes. Renault Bank is regulated by the Bank of Spain (as a branch of a European bank) and its deposits are covered by the French FGDR up to €100,000 per account holder, equivalent to the Spanish FGD and all other European DGS schemes.
How to open an account
The process is entirely online: you need a Spanish tax identification number (NIE/DNI), a Spanish bank account for transferring funds, and proof of Spanish tax residence. Opening typically takes 24–48 hours. Once the deposit matures, funds are returned to your designated Spanish bank account.
Conclusion
Renault Bank Tú+ deposits offer competitive rates with no conditions, backed by a solid European guarantee. The 36-month option at 3.03% is one of the highest rates available on the Spanish market for a regulated bank deposit. Compare all available rates at apydata.com.