High-Interest Deposit Accounts Gain Popularity in August 2025
In August 2025, high-interest deposit accounts are re-emerging as attractive options amid inflation concerns in Spain.
Key Points
- • Cuentas remuneradas are gaining traction as inflation erodes money's value.
- • Seven top accounts for August 2025 include B100, Revolut, and ING.
- • Interest rates may be time-limited and linked to specific banking products.
- • Interest earned is subject to capital gains tax.
As of August 2025, high-interest deposit accounts, known as cuentas remuneradas, are making a significant comeback in Spain, providing consumers with more attractive options compared to traditional bank accounts that typically offer little or no interest. With inflation eroding the purchasing power of money, banks have begun to compete by offering higher interest rates on deposits to retain customers. The article highlights that this trend mirrors the banking environment of the 1980s when high interest rates were common but faded in the 1990s.
Banking experts note that the return on these accounts is often temporary and may be contingent upon customers purchasing linked products or meeting specific banking requirements. The seven highlighted accounts, including B100, Revolut, Raisin, Bankinter, Openbank, Trade Republic, and ING, showcase varied interest rates and features attractive to consumers looking for profitable savings options.
It is important to note that any interest accrued from these accounts is subject to taxation as part of capital gains, reminding savers to consider the net benefit of such accounts. While these remunerated accounts do not completely offset inflation, they present a flexible alternative for those looking to earn returns on their savings during economically challenging times.