Savings account

Savings account: profitability and availability of your money

We tell you what a savings account is and what its advantages are

A savings account is a type of deposit that generates a return in the form of interest, and always depending on the period over which it is held in the bank. It is a good way of getting a return from your savings, as they grow simply by having them deposited in the bank, without having to invest; let's say that the bank gives you a return for holding your money. For this reason, a savings account is a very popular product; almost all of us have one or several of them.

Moreover, when withdrawing this fund, it is available immediately. That is, the money can be extracted at any time, in any branch of the bank or through its network of ATMs. To do so, the account holder should present a supporting document, called a debit note.

The income which a savings account generates is associated with the duration of the deposit, but also, it can be of different types: depending on the frequency of the interest receipts, it can be monthly, quarterly or annually. At the same time, these can vary depending on whether they are received in a uniform manner (always the same percentage), or in account balance bands (in a progressive manner).

On the other hand, a savings account is usually subject to fees for service and maintenance, although actually it is something that the banks tend to remove, most notably in the case of online banking. On the other hand, they have associated services, which the account holder can enjoy: deposits, payments of checks and transfers, associated credit or debit cards, etc.

Savings account: profitability and availability of your money


Discover the BBVA accounts catalog

BBVA Va Contigo Salary Account

The Nómina Account offers a Personal Manager and a team of experts (also on the app) if you deposit your paycheck from €800.

BBVA Goals account

A savings account with no fees or conditions that helps you to achieve the savings goals that you set yourself.

BBVA Fee-Free Online Account

The BBVA Online Account is a checking account with no fees or conditions, since it doesn't require you to direct deposit/debit a paycheck or bills.

Mi Segunda Cuenta account

If you have a Va Contigo Account and you need a second account to share your expenses or for your purchases... This is the account for you!

BBVA Young Person's Account

Joven Account (18 to 29 years old) with no fees just for using the card once a month


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