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Can anyone recommend a bank account for savings?

Can anyone recommend a bank account for savings?

Old Feb 4th 2020, 10:50 am
  #1  
obd
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Default Can anyone recommend a bank account for savings?

Hi All,

Before I start searching the web I wondered if anyone knew of/could recommned a Spanish bank saving account (I realise that the interest rate is likely to be pretty poor!)? I'm currently have an Abanka with zero fees but also zero interest

Thanks
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Old Feb 4th 2020, 11:13 am
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Default Re: Can anyone recommend a bank account for savings?

Originally Posted by obd View Post
Hi All,

Before I start searching the web I wondered if anyone knew of/could recommned a Spanish bank saving account (I realise that the interest rate is likely to be pretty poor!)? I'm currently have an Abanka with zero fees but also zero interest

Thanks
I suspect the interest will be ZERO.

Any of the Caixa's are savings banks
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Old Feb 4th 2020, 11:19 am
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Default Re: Can anyone recommend a bank account for savings?

If you find one let us all know! Good luck.
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Old Feb 4th 2020, 12:40 pm
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Default Re: Can anyone recommend a bank account for savings?

Haha I will do

Alternately can anyone share advice/experience on investing in funds from Spain?
Is there something comparable to an ISA?

Thanks again
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Old Feb 9th 2020, 9:44 pm
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Default Re: Can anyone recommend a bank account for savings?

The equivalent of an ISA in Spain is called "Plazo Fijo". This savings option is available at all banks. The interest rate is very low, similar to ISA. Unlike the ISA, this savings plan is not tax free. You pay taxes on the income you make with this plan.
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