August brings good news for your savings: top 5 most profitable accounts

The European Central Bank's (ECB) interest rates have stabilized, and the deposit facility remains at 2% . This is still an attractive level for banks, but insufficient for savers who have their money at 0% interest in a current account. The good news is that competition among interest-bearing accounts in Spain remains strong: any offer above this official threshold now allows for increased purchasing power without assuming market risk.

The race is led by digital players. Revolut, Trade Republic, Raisin, B100, and Klarna are sharing the spotlight in August with offerings that combine flexibility, zero fees, and returns above 2% APR (and, in one case, 3%). Experts at the financial comparison site HelpMyCash acknowledge that in the current environment , "any account above 2% APR represents a competitive advantage," a message that underscores the gap with traditional banking.

Below is an analysis of the five accounts that, according to data verified by the financial comparison site HelpMyCash, currently offer the best balance between interest rate and access conditions.

1. Revolut: up to 2.27% APR with daily subscription

Revolut is the only bank that credits interest every morning: a small psychological boost—the "snowball" effect—that accelerates the effect of compound interest. The rate ranges from 1.25% to 2.27% depending on the plan (Standard, Plus, Premium, Metal, and Ultra), earns up to €100,000, and has no minimum balance or payroll requirement.

2. Trade Republic: 2.02% APR with no cap or conditions

Since June, it has been operating with a Spanish IBAN; this facilitates direct deposit of payroll or bills and automatic tax withholding. The 2.02% return is applied to any balance —there are no limits or promotional window—and interest is paid at the end of the month. For savers who are interested in investing, the same platform allows you to purchase ETFs or stocks with almost zero commission.

3. Raisin Welcome Account: 3.33% APR for 3 months

This is the most aggressive offer, but it's also the shortest: the 3.33% interest rate lasts 90 days and is only for the first €60,000. After the quarter, the balance can be transferred free of charge to another Raisin deposit. Those who master the calendar can combine promotions and thus get more out of their savings. The money is protected by the German deposit guarantee fund up to €100,000.

4. B100: 2.25% APR up to 50,000 euros

Abanca's "neobank" blends finance and sustainability. It offers 2.25% interest on up to €50,000 with no commitment and adds a "Health" account at 3.20% APR if the customer completes step challenges or limits their time on social media. Coverage for the Spanish DGD (District Deposit Fund) and the option to use Bizum. A differentiated option for those who want more than just a deposit.

5. Klarna's flexible savings account: 1.92% APR with no requirements

The Swedish firm known for its buy-now-pay-later offering is entering the savings market with an account that pays 1.92% APR with no balance limit , no payroll, and no commitments. It offers up to three free sub-accounts and 24/7 customer service. The funds are covered by Sweden's DGF. Its profitability is modest compared to its rivals, but with full liquidity and a robust technological track record.