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?
Savings account
Andyviola
27 September 2020 11:26:00
29
Johncar
27 September 2020 11:53:05
1410
My wife has a current account with CajaMar. She bought some shares in the bank. That gives her free banking and also she get dividends on the shares. Of course her funds are instant access.
She has held the account for about five years. No complaints.
I would think other banks offer similar deals.
Andyviola
27 September 2020 13:06:54
29
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
27 September 2020 13:15:01
1410
As I said, as a result of buying the shares she has free banking.
No other requirements.
Vonster.1
10 December 2020 15:11:04
66
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.
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