Renta 4 Banco review

The Plan Easy account has a monthly fee of €0 and sits in the no monthly fee group, so there is no subscription to maintain it. Transfers are covered too: Free for domestic and international transfers and Bizum. The account is aimed at business and teen customers, so the same low-cost setup works for a household or a small business.

Plan Easy pays a headline rate of 2.25%, and the rate type is variable, so it can move rather than being locked in. For context, the median headline rate across the savings accounts compared here is 3.08%, and the figure across the whole site is 3%.

The listed minimum deposit is €200, which is above the site figure of €0.11 for the brands compared. On the ranking of minimum deposits, Renta 4 Banco sits at 321 of 370. Anyone starting with a small sum will feel that entry point.

Deposits are covered: EU DGS up to EUR 100,000. The provider is a Spanish bank, RENTA 4 BANCO S.A., headquartered in Spain, and it is listed with the Comision Nacional del Mercado de Valores as MiCA CASP 213800IMKAUV5KW28586. So the balance behaves like a bank deposit rather than a wallet balance held elsewhere.

The account kind is easy access, with no term, so you can cancel at any time. Most of the money is available instantly and the rest arrives within a couple of days. There is no lock-in period, which suits anyone who needs quick access rather than a fixed deposit.

The single account targets business and teen customers, and a joint account can be opened when the money is shared. Renta 4 Banco has traded since 1986 and is based in Spain, so it is an established bank rather than a new app-only name.

Support runs through email, phone and help centre, which covers phone and email as well as a help centre. Across the brands compared here, help centres reach 86.1% and phone help 79.5%, so this mix is a familiar one.