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interest on deposits in spain
Posted: Tue Nov 3, 2020 7:01am
Hi There,
Does anybody know a spanish bank that offers more than 0 percent interest on deposits?
Ronald
Posted: Tue Nov 3, 2020 8:56am
Super helpful member
Waste of time, mate. I have looked into it extensively, the most you'll get is 0.1% per annum on very large deposits. It is not a feature of savings culture in Spain at the moment.
I keep my savings in a UK account and in shares paying dividends. Of course, using those tactics, one has to bear in mind the exchange rate risk (particularly with the impending disaster of Brexit) and the inherent risk of equities.
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