4.12.2023
Spain's Deposit Market Overview: December 2023
4 min read
Unlock exclusive insights into the dynamic world of European deposit rates with PickTheBank's December review. Discover the most enticing offers surging interest rates in Spain.
Embrace the month of December with the latest financial insights from PickTheBank, where we continue to monitor interest rates and navigate the ever-evolving financial situation in Europe.
Our spotlight this month is on Spain.
A meticulous review led us to examine the websites of 35 Spanish banks, resulting in a comprehensive database of 145 unique deposit products available in Spain.
According to the most recent data from the European Central Bank (ECB), the average interest rate on annual deposits in Spain has experienced a significant uptick, reaching 2.35% in the past month. This represents a noteworthy increase from the previous month's rate of 2.22%.
Venturing into the realm of fixed-term deposit interest rates in Spain, our analysis unveils a maximum interest rate of 4.32% for 6-month term euro deposits and 4.06% for 1-year euro deposits. These figures suggest a modest yet discernible rise in interest rates on fixed-term deposits over the past month.
But there's more – PickTheBank transcends boundaries to bring you the cream of the crop in deals not only in Spain but across Europe. Our expansive database covers deposit rate information from over 1,000 banks across 25 European countries, showcasing a grand total of more than 20,000 financial products.
We present a curated selection of the most enticing offers:
🔥Top-4 12-month ordinary EUR deposit rates:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 4.06% | BFF Bank, S.P.A. Sucursal en España | EUR | 12 mths | More -> |
| 3.40% | BANCO FINANTIA, S.A., SUCURSAL EN ESPAÑA | EUR | 12 mths | More -> |
| 3.25% | Bancofar, S.A. | EUR | 12 mths | More -> |
| 3.35% | EBN Banco de Negocios, S.A. | EUR | 12 mths | More -> |
🔥Top-3 24-month ordinary EUR deposit rates:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 3.85% | RCI Banque, S.A., Sucursal en España (Renault Bank) | EUR | 24 mths | More -> |
| 3.40% | EBN Banco de Negocios, S.A. | EUR | 24 mths | More -> |
| 3.00% | Targobank, S.A. | EUR | 24 mths | More -> |
🔥Top-4 36-month ordinary EUR deposit rates:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 3.75% | BANCO FINANTIA, S.A., SUCURSAL EN ESPAÑA | EUR | 36 mths | More -> |
| 3.45% | BANCO FINANTIA, S.A., SUCURSAL EN ESPAÑA | EUR | 36 mths | More -> |
| 3.40% | EBN Banco de Negocios, S.A. | EUR | 36 mths | More -> |
| 2.50% | Wizink Bank, S.A. | EUR | 36 mths | More -> |
🔥Top EUR deposit rates - any term:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 4.32% | BFF Bank, S.P.A. Sucursal en España | EUR | 6 mths | More -> |
| 4.06% | BFF Bank, S.P.A. Sucursal en España | EUR | 3 mths | More -> |
| 4.06% | BFF Bank, S.P.A. Sucursal en España | EUR | 12 mths | More -> |
| 4.00% | Banco Mediolanum, S.A. | EUR | 6 mths | More -> |
| 3.85% | BANCO FINANTIA, S.A., SUCURSAL EN ESPAÑA | EUR | 25 mths | More -> |
| 3.85% | RCI Banque, S.A., Sucursal en España (Renault Bank) | EUR | 24 mths | More -> |
🔥Top USD deposit rates - any term:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 4.25% | BANCO FINANTIA, S.A., SUCURSAL EN ESPAÑA | USD | 12 mths | More -> |
| 4.00% | BANCO FINANTIA, S.A., SUCURSAL EN ESPAÑA | USD | 24 mths | More -> |
| 3.50% | BANCO FINANTIA, S.A., SUCURSAL EN ESPAÑA | USD | 36 mths | More -> |
For a curated selection of the finest deals in Spain, meticulously handpicked for you, explore our platform. It's essential to note that the interest rates presented are pre-tax and do not encompass variations in interest payment frequencies. We always recommend verifying the latest rates and terms directly with the bank before making any final decisions.
Embark on a journey of discovery as you explore a wealth of information about deposit rates in Spain and various European countries on our website. Thank you for entrusting PickTheBank as your go-to source for insights into the European deposit market.
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