There are no hidden terms and no fine print to discover. Yes, you may have heard this before, but this time there really isn’t the usual disappointment after reading. This is about a banking product with substantial user benefits. If it happens to match what you want, it will likely satisfy you completely.
The account presents a unique approach that has hardly any equivalent in Spain because it blends two product types into one: everyday account balance handling and a separate investment component. That combination can help your money work harder for you.
In today’s banking landscape you often find these options offered separately and under strict conditions. And when it comes to investing or your financial information, you typically need a manager to avoid risky moves that could threaten savings. The new account simplifies investing and makes it accessible to everyone, not just financial professionals.
The product is called Easy Account and is offered by Renta 4 Banco, a firm operating in Spain since 1986 with more than 125,000 customers. It has been listed on the stock exchange since 2007 and currently supervises or manages assets exceeding €30 billion.
No payroll requirements or commissions
Easy Account works like any standard account but adds features that set it apart. First, it does not require payroll residency. There is no minimum or maximum initial deposit needed to open the account. It is also available to anyone who has Spanish citizenship, is of legal age, and is a natural person (not available for corporate entities yet).
The account is commission-free because there are no maintenance fees, card charges, direct debits, or transfers. For day-to-day transactions, it behaves just like a typical account.
Automatic investment
One of the most compelling aspects of Easy Account is its built-in investment feature. The customer does not need to take any manual steps because transactions are automated and monitored by professionals.
Deposits are automatically invested because the account is linked to a fund called 4 for rent Foncuenta F.I. The fund carries a conservative and low-risk profile. While it has some fees, they are modest and paid by the fund manager rather than the bank: 0.10% per deposit and 0.20% per management. Fund fees appear in the fund’s returns, not as separate bank balances.
Guaranteed liquidity
Another advantage is liquidity. Unlike many funds, the Easy Account allows customers to withdraw promptly by money order, card, or even through a modern payment method such as Bizum. Renta 4 Banco provides a free service that advances up to 90% of the deposited assets while processing the normal fund repayment.
If full access is needed immediately, the remaining 10% is subject to the usual recovery time of three to four days.
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Profitability with low risk
As with any investment fund, guarantees cannot be promised; profitability depends on market performance. Yet, given current interest rates and a focus on stability, the fund has been delivering solid results so far this year. The strategy remains conservative, emphasizing bonds and fixed income, with a low risk profile described as 2/7.
In the same vein, the account carries a low risk index of 1/6 for the user.
Personal advisor
Beyond the core features, a personal advisor is available to guide investors step by step through product choices. This is especially helpful for Easy investors with funds and portfolios, allowing clients to fine-tune operations as much as possible. It also provides convenience for purchasing Treasury Bills.
Related taxes
One of the major advantages of the funds is their flexibility for new contributions and transfers to other funds without triggering tax events unless a withdrawal is made. As Spanish law states, profits are taxed at 19 percent upon full or partial repayment.
[Citation: Renta 4 Banco]