3.10.2023
Spain's Deposit Market Overview: October 2023
4 min read
"Spain's Deposit Market Overview: October 2023" provides a succinct examination of Spain's deposit market, emphasizing dynamic changes in interest rates, particularly the noteworthy rise in short-term and long-term euro deposits. This report delivers valuable insights while underscoring PickTheBank's rigorous bank verification process, ensuring the presentation of today's most enticing deposit opportunities.
Stay informed with PickTheBank as we diligently track interest rates and the dynamic financial landscape in Europe.
In this review, our focus shifts to interest rates in Spain, considering the broader rate trends in Europe, influenced by factors such as inflation and market dynamics.
We conducted a detailed review of the websites of 35 Spanish banks that provide these deposit rates. This meticulous process yielded a comprehensive repository of 145 unique deposit products available in Spain.
Our analysis of fixed-term deposit interest rates in Spain has uncovered a maximum interest rate of 4.30% for long-term euro deposits and 4.06% for 1-year euro deposits. These data indicate an increase in interest rates on fixed-term deposits over the past month.
Explore the cream of the crop when it comes to deals in Spain, handpicked just for you:
🔥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 -> |
| 3.90% | A&G Banco | EUR | 12 mths | More -> |
| 3.25% | Bancofar, S.A. | EUR | 12 mths | More -> |
| 3.20% | EBN Banco de Negocios, S.A. | EUR | 12 mths | More -> |
🔥Top-4 24-month ordinary EUR deposit rates:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 4.30% | A&G Banco | EUR | 24 mths | More -> |
| 3.80% | RCI Banque, S.A., Sucursal en España (Renault Bank) | EUR | 24 mths | More -> |
| 3.15% | 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 -> |
| 3.20% | EBN Banco de Negocios, S.A. | EUR | 36 mths | More -> |
| 3.20% | BANCO FINANTIA, S.A., SUCURSAL EN ESPAÑA | 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 | |
|---|---|---|---|---|
| 4.30% | A&G Banco | EUR | 24 mths | More -> |
| 4.06% | BFF Bank, S.P.A. Sucursal en España | EUR | 6 mths | More -> |
| 4.00% | Banco Mediolanum, S.A. | EUR | 6 mths | More -> |
| 3.90% | A&G Banco | EUR | 6 mths | More -> |
| 3.80% | 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 -> |
The PickTheBank database transcends national borders and includes deposit rate information from over 1,000 banks spanning 25 European countries, comprising a grand total of more than 20,000 financial products.
Please keep in mind that the interest rates presented are pre-tax and do not account for variations in interest payment frequencies. We always recommend verifying the latest interest rates and terms directly with the bank before making any final decisions.
On our website, you'll discover a treasure trove of information about deposit rates in Spain and various European countries. We sincerely appreciate your choice of PickTheBank as your trusted provider of insights into the European deposit market.
