Savings account

Andyviola · 2020-09-27T11:26:00+02:00

Discover savings accounts with instant access options in Spain. Share your experiences and suggestions for secure places to store savings without monthly fees.

Andyviola Active member

Member since 12 August 2018

AndyviolaActive member27 September 2020 09:26:00

Hello
Is there such a thing as a "savings account with instant access" in Spain? My wife doesn't need interest paid but she needs somewhere to put 30k savings without needing to feed money into it every month (so not a current account).
Any suggestions and savings account names please?

Johncar Spain Expert

Member since 25 November 2013

JohncarSpain Expert27 September 2020 09:53:05

1412

My wife has a current account with CajaMar.聽 She bought some shares in the bank. That gives her free banking and also she get dividends on the shares.聽 Of course her funds are instant access.

She has held the account for about five years.聽 No complaints.

I would think other banks offer similar deals.

Andyviola Active member

Member since 12 August 2018

AndyviolaActive member27 September 2020 11:06:54

Thanks John but does your wife have to make monthly deposits into that account or fees incurred? My wife doesn't have an income so she can't do that.

Johncar Spain Expert

Member since 25 November 2013

JohncarSpain Expert27 September 2020 11:15:01

1412

As I said, as a result of buying the shares she has free banking.

No other requirements.

Bank accounts for 暗网禁区s

Discover the best international banks to manage your money securely.

Vonster.1 Active member

Member since 08 December 2018

Vonster.1Active member10 December 2020 13:11:04

Other possible ways to exempt the banking fees 1) set up auto debit for the utilities 2) buy health insurance from them 3) buy home insurance from them, maybe others. Every bank is different though. Caixa and Santander both lost about 40% in the 2-3 years even prior to the pandemic so it's not an option that I considered.