If you’re looking for the best high-interest accounts at neobanks to grow your savings, you’re in the right place: in 2026, 61% of consumers in Spain say they would happily keep their main account at a neobank — the highest share in all of Europe (versus an EU average of 52%) — and that’s no coincidence. Neobanks are here to stay, and their interest-bearing accounts pay rates far above traditional banks, with no abusive fees and everything managed from your phone.
Comparison: Best High-Interest Neobank Accounts in Spain 2026
APY · Max interest-earning balance · Fee · Deposit guarantee · Best for
| Neobank | Approx. APY | Max balance | Monthly fee | Deposit guarantee | Best for | Open |
|---|---|---|---|---|---|---|
| 📊 Vivid Money | ~4.5% | €50,000 | €9 | ✔ | Maximising interest with zero hassle | View → |
| 📈 Trade Republic | ~3.75% | €50,000 | €0 | ✔ | Savings + ETF investing in one app | No affiliate |
| 💳 Revolut | ~4% | By plan | From €0 (Plus plan req.) | ✔ | Everyday spending, travel and all-in-one banking | View → |
| 📱 N26 | Variable | By plan | €0 | ✔ | No fees and a German IBAN from your phone | View → |
| 🟦 Imagin Bank | Variable | No limit | €0 | ✔ | Young savers, goal-based saving, zero fees | No affiliate |
| 🌍 Wise | Variable | No limit | €0 | Safeguarding | Freelancers earning in multiple currencies | View → |
Highest APY
Vivid Money
~4.5% APY
Most complete
Revolut
All-in-one banking
No fees
Imagin Bank
Backed by CaixaBank
Freelancers
Wise
Multi-currency
ℹ️ Note: Rates are approximate and may change with market conditions and the plan you choose. Always check the latest terms on each neobank’s website. In Spain, interest is taxed as savings income (rendimientos del capital mobiliario) at 19%–28%.
Some links are affiliate links · No extra cost to you
Key Questions
| Question | Quick Answer |
|---|---|
| What is a high-interest account at a neobank? | A digital bank account that pays interest on your balance, with no need to deposit your salary or meet complicated conditions. |
| Are neobank savings accounts safe? | Yes, as long as the neobank operates under a full EU banking licence and your funds are covered by a Deposit Guarantee Scheme up to €100,000. |
| Which neobank has the best interest-bearing account in Spain? | It depends on your profile, but Revolut, Vivid Money and Imagin Bank stand out in 2026 for the best interest-to-fees ratio. |
| Are there requirements to earn interest? | Most neobanks don’t require a salary deposit, though some may need a minimum balance or card usage to unlock the top rate. |
| Is interest from these accounts taxed in Spain? | Yes — interest is taxed as savings income in Spanish IRPF, at rates between 19% and 28% depending on the bracket. |
| Can I open several accounts at once? | Yes — there is no legal limit on holding accounts at several neobanks at the same time to diversify your savings. |
| How does a high-interest account differ from a fixed-term deposit? | A high-interest account keeps full liquidity — withdraw any time. A fixed-term deposit locks your capital for a set period in exchange for an agreed rate. |
Ready to see which are the best high-interest neobank accounts to grow your savings this year? Let’s dive in.
What Is a High-Interest Neobank Account and Why Should You Care?
A high-interest account at a neobank is essentially a digital current account that pays you for keeping your money there. Simple, right?
Unlike traditional Spanish banks, which have offered 0% on current accounts for years, neobanks have disrupted the market with rates that can reach 3%, 4% or even more depending on your plan.
Best of all: no paperwork. No branch visits. No absurd fine print. Everything from your phone.
That said, not all accounts are equal. There are meaningful differences in requirements, interest-earning balance limits, maintenance fees and deposit guarantee coverage. It’s worth taking a few minutes to compare before opening the first one you see.
The 5 neobank accounts that pay the most for your money — compare rates, requirements and fees at a glance.
The Best High-Interest Neobank Accounts in Spain: 2026 Comparison
Before we go deep on each option, here’s a quick comparison table of what’s available in 2026:
| Neobank | Approx. APY | Max Interest-Earning Balance | Monthly Fee | Deposit Guarantee |
|---|---|---|---|---|
| Revolut | Up to ~4% | Varies by plan | From €0 (Free plan) | Up to €100,000 |
| Vivid Money | Up to ~4.5% | €50,000 | From €0 | Yes (EU banking licence) |
| Imagin Bank | Variable | No stated limit | €0 | Yes (CaixaBank) |
| Trade Republic | Up to ~3.75% | €50,000 | €0 | Up to €100,000 |
| Wise | Varies by currency | No limit | From €0 | Funds protected (safeguarding) |
Note: rates are approximate and change with market conditions and your plan. Always check the latest terms on each neobank’s website before opening an account.
Revolut: The Best High-Interest Account for Everyday Use and Travel
Revolut is probably the best-known neobank in Spain, and that’s no accident. Its interest-bearing account, available from the Plus plan upwards, lets you earn interest on your balance without depositing your salary or meeting any conditions.
What’s great about Revolut is that you can start on the free plan and scale up as your needs grow. If you’re self-employed or run an online business, the Business version is also very competitive.
Revolut plans and pricing in 2026
- Free plan: €0/month. Basic features, no interest on balance.
- Grow plan: From around €19/month. Access to interest on your balance.
- Scale plan: From around €45/month. Higher interest-earning limit and more features.
- Enterprise plan: From around €79/month. For businesses with advanced needs.
For individuals looking for the best high-interest neobank accounts to save money, Revolut’s Plus or Premium plan is the usual entry point. If you’re a freelancer or run a company, check our full review of Revolut Business.
What are the risks with Revolut?
One important point: although Revolut operates under a full European banking licence, some users have reported temporary account freezes triggered by unusual activity. That’s not unique to Revolut, but it’s worth knowing.
Our advice: don’t put all your eggs in one basket. Spread your money across a couple of neobanks and keep an account at a traditional bank as a backup.
Imagin Bank: The Best Fee-Free Account for Young Savers
If you’re young — or simply hate bank fees — Imagin Bank deserves a spot on your shortlist of the best high-interest neobank accounts.
It’s CaixaBank’s digital bank, which means you get the solidity of a major Spanish institution behind you, with a 100% mobile experience and no maintenance fees.
Imagin Bank’s main advantages
- Completely free account: €0 in opening and maintenance fees.
- In-app savings pots: Create specific savings goals separate from your day-to-day balance.
- Early salary payment: Get paid up to 2 days earlier than at a traditional bank.
- Discounts and cashback: Real refunds at everyday brands.
- Welcome bonus: €50 to spend at Facilitea Shop when you sign up with the referral code B02IM07804178 (requirements: minimum €50 deposit, 3 card transactions and Bizum activated).
Imagin Bank’s app is especially well designed for goal-based saving. Whether you’re saving for a holiday, a new car or an emergency fund, the savings pots keep everything organised and separate.
Vivid Money: The Best Account for Maximising Interest
Vivid Money is arguably the most aggressive option on rates among the best high-interest neobank accounts. Its rates have topped 4% APY in 2026, making it a serious choice if you want your money to genuinely work for you.
What stands out about Vivid Money
- Interest rates of up to roughly 4.5% APY on savings accounts.
- Interest paid on balances up to €50,000 — ideal for medium and larger savings.
- Current account and savings account integrated in one app.
- Cashback on card purchases.
- No monthly fee on the basic plan.
Vivid Money has earned strong reviews in European financial media in 2026, consolidating itself as one of the most attractive options for hassle-free returns on savings.
Trade Republic: The Best Account for Investors
Trade Republic isn’t a neobank in the strict sense, but its interest-bearing account is one of the most popular in Spain in 2026, and it belongs in any serious comparison.
The platform pays around 3.75% APY on your cash balance (subject to ECB rate changes), credited monthly — with no maintenance fees.
Who is Trade Republic ideal for?
- People who want a high-interest account and the ability to invest in ETFs or stocks from the same platform.
- Savers who want a competitive rate without paying for a premium plan.
- Users who want to automate their savings with recurring investment plans.
If you already know you want to split your money between saving and investing, Trade Republic is a very powerful combination in a single app.
Wise: The Best Account If You Earn in Multiple Currencies
Do you have income in euros, dollars or pounds? Do you work with international clients? Then Wise deserves special attention among the best high-interest neobank accounts.
Wise pays interest on your euro balance (and other currencies) through its “interest” feature, at rates that track the market. It’s not the highest rate available, but the combination of multi-currency accounts with interest is hard to beat.
Wise advantages for freelancers and entrepreneurs
- Local account details in several countries (Spain, UK, USA, etc.) from one account.
- Currency exchange at the real mid-market rate (no hidden margin).
- Interest on balances in euros and other currencies.
- Wise card for spending abroad without abusive fees.
- Great to compare against the best salary accounts in Spain if you receive income in several currencies.
If you freelance, live between countries or simply get paid by clients abroad, Wise is practically essential as a complement to your main account.
How to Choose the Best High-Interest Neobank Account for You
There’s no universally perfect option. The right account depends on your specific situation. Here are the key factors to compare:
1. The real interest rate (APY)
The headline rate can be misleading. Always look at the APY (equivalent annual rate) and check whether there’s a cap on the interest-earning balance. 5% on €1,000 is not the same as 4% on €50,000.
2. Requirements to unlock the top rate
Some neobanks only pay the top rate if you use their card X times a month, deposit your salary or subscribe to a paid plan. Read the fine print before opening the account.
3. Maintenance fees
Earning 4% in interest is pointless if you’re paying €15/month in fees. Do the maths — in many cases a free account with a slightly lower rate beats a premium account with a monthly fee.
4. Deposit guarantee
Make sure the neobank holds a full banking licence and your funds are covered by a Deposit Guarantee Scheme up to €100,000. This matters especially if you plan to hold larger balances.
5. User experience and extra features
The best rate is useless if the app is a mess. Also weigh features like savings pots, spending analytics, virtual cards or integration with other platforms.
Tax on Neobank Interest in Spain
This is the part many people ignore — until it surprises them at tax time. The interest your neobank account generates counts as savings income (rendimientos del capital mobiliario) and is taxed under Spanish IRPF.
The 2026 rates are approximately:
- Up to €6,000 in annual interest: 19%
- €6,000 to €50,000: 21%
- €50,000 to €200,000: 23%
- Above €200,000: 28%
Most neobanks withhold 19% at source, so at tax time you only need to settle the difference — or get a refund.
If you’re unsure how to correctly declare interest from foreign neobank accounts in Spain, or want to optimise your tax position legally, take a look at our tax consulting for online businesses. It’s also worth understanding what information neobanks share with the Spanish tax agency — we cover it in detail in our guide on Hacienda and banks.
A Practical Strategy: Combining Accounts to Maximise Your Savings
Want to get the most out of neobanks? Here’s the strategy we recommend in 2026:
- Main account at a traditional bank: For your salary, incoming transfers and as a safety net.
- Main high-interest account (Vivid Money or Trade Republic): For your emergency fund and short-to-medium-term savings, earning interest on the balance.
- Revolut for daily spending and travel: Card payments, international transfers and fee-free currency exchange.
- Wise if you work with international clients: To receive payments in several currencies and convert at the real rate.
- Trade Republic if you also want to invest: For long-term savings with automated investment plans.
This combination gives you constant liquidity, real returns on your savings without taking on risk, and efficient international payments. No complications — all from your phone.
Conclusion: The Best High-Interest Neobank Accounts in 2026
If your money has been sitting idle in a traditional bank’s current account at 0%, it’s time to do something about it. The best high-interest neobank accounts in 2026 offer real rates, zero paperwork and no absurd fees.
Each option has its ideal profile:
- Revolut: if you want a complete everyday neobank with interest on your balance.
- Vivid Money: if your priority is the highest possible rate.
- Imagin Bank: if you want simplicity, zero fees and goal-based saving tools.
- Trade Republic: if you want to combine a high-interest account with ETF investing in one app.
- Wise: if you earn in multiple currencies and need international flexibility.
The key is not settling for a single option. Combine two or three of these accounts and watch your money start working for you — not the other way around. Not sure which fits your situation best? Also explore our comparison of the best salary accounts in Spain.
Frequently Asked Questions
Which neobank has the best high-interest account in Spain in 2026?
It depends on your profile, but Vivid Money and Trade Republic stand out with the most competitive rates among the best high-interest neobank accounts in 2026. Revolut is the most complete option if you also want everyday banking features.
Is it safe to keep money at a neobank in 2026?
Yes, as long as the neobank operates under a full banking licence and belongs to a Deposit Guarantee Scheme covering up to €100,000 per holder. Neobanks like Revolut, Vivid and Trade Republic meet this requirement.
Can I earn interest without depositing my salary?
Yes — most of the best high-interest neobank accounts don’t require a salary deposit. You earn interest simply by holding a balance, with no extra commitments.
What happens if the neobank goes bust? Do I lose my money?
If the neobank holds a banking licence and is covered by a European Deposit Guarantee Scheme, your funds are protected up to €100,000 per holder. Above that amount, it’s wise to diversify across several institutions.
Is neobank interest taxed in Spain?
Yes — interest is taxed as savings income in your Spanish tax return, at rates between 19% and 28% depending on the amount. Most neobanks already apply the withholding automatically.
Is it worth switching to a neobank just for the interest?
In many cases, yes — especially if your traditional bank pays nothing on your balance. High-interest neobank accounts pay between 3% and 4.5% APY with no hassle, which can mean hundreds of euros a year depending on your balance.
How much money can I keep in a neobank savings account?
It depends on the neobank. Vivid Money and Trade Republic pay interest on up to around €50,000, while Wise sets no maximum balance. For balances above €100,000, diversify across several institutions to stay within Deposit Guarantee Scheme coverage.
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