WiZink is a Spanish digital bank specialising in savings products. In 2026, its WiZink Account pays 1.20% APY with no payroll requirement, no maintenance fees, and instant access to funds — covered by the Spanish Deposit Guarantee Fund (FGD) up to €100,000.
Note: WiZink's rate has decreased significantly from 2.10% in early 2025 to 1.20% in 2026, tracking the ECB's rate-cutting cycle. At this level, several alternatives offer notably higher yields.
WiZink Account: key terms
| Feature | Detail |
|---|---|
| APY | 1.20% |
| Liquidity | Instant — withdraw anytime |
| Minimum deposit | None |
| Payroll required | No |
| Fees | None |
| Deposit guarantee | Spanish FGD €100,000 |
| Regulation | Banco de España |
What does €10,000 earn with WiZink in 12 months?
| WiZink 1.20% | |
|---|---|
| Gross annual interest | €120 |
| Withholding tax (ES, 19%) | €23 |
| Net (approx.) | €97 |
At 1.20%, WiZink is below the current market average for instant-access savings in Spain. Below are the main alternatives.
WiZink vs alternatives in Spain (2026)
| Product | APY | Guarantee | Type |
|---|---|---|---|
| Scalable Capital | 2.50% | German DGS €100K | Instant |
| Revolut | 2.27% | Lithuanian DGS €100K | Instant |
| Trade Republic | 2.02% | German DGS €100K | Instant |
| WiZink | 1.20% | Spanish FGD €100K | Instant |
WiZink's main advantage is that it is regulated by Banco de España — useful for savers who prefer a Spanish institution. However, for pure yield, EU alternatives (Trade Republic, Revolut, Scalable Capital) pay significantly more.
Is WiZink safe?
Yes. WiZink is a Spanish bank regulated by Banco de España and covered by the Fondo de Garantía de Depósitos (FGD), which protects up to €100,000 per depositor per institution — equivalent to the EU standard under Directive 2014/49/EU. Your money is as safe as in any Spanish bank.
Who is WiZink for in 2026?
WiZink makes sense for savers who specifically want a Spanish-regulated institution (e.g., those uncomfortable opening accounts with Lithuanian or German banks) and prioritise simplicity and instant access over maximum yield. If yield is the priority, Revolut or Scalable Capital are more competitive at similar or lower complexity.
FAQ
What APY does WiZink pay in 2026?
WiZink currently pays 1.20% APY on the Cuenta WiZink, with instant access and no conditions. The rate was 2.10% in early 2025 and has decreased in line with ECB rate cuts. Check APYData for the latest rate updated daily.
Is WiZink covered by the Spanish deposit guarantee?
Yes. WiZink is regulated by Banco de España and covered by the Spanish FGD up to €100,000 per depositor. This is the same protection as Santander, BBVA, or CaixaBank.
Is WiZink competitive in 2026?
At 1.20%, WiZink is below the best instant-access rates available in Spain through EU-regulated neobanks (Scalable Capital 2.50%, Revolut 2.27%, Trade Republic 2.02%). Its advantage is Spanish regulation and familiarity. For pure yield, alternatives pay significantly more.
What are the best WiZink alternatives?
For instant access: Scalable Capital (2.50%), Revolut (2.27%), Trade Republic (2.02%). For fixed-term deposits with higher yield: Raisin (up to 3.33% at 12 months). All are covered by EU deposit guarantee schemes up to €100,000.