Savings Box vs. current account – the difference at a glance

More and more customers are interested in the BBVA Savings Box – and for good reason. It makes saving easier than ever before. In this article we explain how the Savings Box works and what benefits it offers.

The Savings Box is a digital subsection for your savings where you can create and individually name up to 5 Savings Goals, such as “Vacation in Sri Lanka” or “iPhone 17.” 

Thanks to automatic Savings Rules, you can achieve your goals effortlessly, without any additional savings accounts. Ideal for anyone who wants to save money easily and access their savings at short notice if necessary.

The Savings Box is not a separate account, but directly integrated into your existing BBVA current account as a separate subsection. That means that You don't need an additional IBAN or separate login credentials. Instead, you simply use your usual online banking or the app, and you can easily transfer money to your Savings Box or back to your current account at any time.

The current account is your account for your daily payment transactions. This is where your salary, pension, or other income goes. From here you can pay for your rent, electricity, shopping, and everything else that comes up in everyday life. You can transfer money, pay by card, or withdraw cash at any time. The current account is not intended for just putting money aside.

The Savings Box, on the other hand, is your digital piggy bank, ideal if you want to save for specific goals, such as your next vacation, the latest tech equipment, or an emergency fund. The money is deliberately separated from your daily payment transactions so that you don't spend it accidentally. You can add or transfer money back to your current account at any time – with complete flexibility and free of charge.

• Interest rate: Your money will earn interest daily, just like your BBVA current account, and at the same interest rate.
• Better financial control: Save without taking into account your everyday life and keep a better eye on your finances.
• Achieve your savings goals: Decide what you want to save for, whether it’s a vacation, an emergency fund, or new purchases.
• Save without any effort: Set up automatic Savings Rules so that your balance grows on the side, without any additional effort.
• Transparency: See how your savings are developing at any time, in the app or your online banking.
• Flexible money transfer: You can transfer money between your current account and Savings Box at any time – easily and free of charge.
• Free of charge: The Savings Box is completely fee-free.

The Savings Box gives you the opportunity to set up automatic Savings Rules. This makes saving even easier and can be done without you having to pay any attention to it.

You can set the following rules:

• Round up purchases: Your card payments are automatically rounded up to the nearest euro, and the difference goes directly in your Savings Box.
• Save salary: Automatically set aside a part of your salary every month.
• Maximum balance: If your account balance exceeds a set limit, the excess is automatically transferred to your Savings Box.
• Minimum balance: If your current account balance falls below a certain amount, money will automatically be debited from your Savings Box.
  

These rules can be customized and changed or paused at any time depending on your needs.

Simply open the BBVA app and tap on “Products and services,” then “Accounts” and “Open a Savings Box.” Confirm the setup. Now you can start using your fee-free Savings Box.

It is very easy to use: You can transfer money from your BBVA current account to your Savings Box (and vice versa) at any time – like you would with a normal bank transfer.

Here's how it works:

1. Log in to your BBVA online banking.
2. Click on “Menu” and select “Complete a transaction.”
3. Enter the data under “New transfer.”
4. Select your current account or Savings Box as the source.
5. Under “Target account” you will find the item “My Accounts.” Here you can select your current account or Savings Box.
   

Yes! Your entire balance, both in the BBVA current account and in the Savings Box, will earn interest at the same interest rate of 3% p.a. during the first 6 months. That means that Even when you put your money aside in the Savings Box, it continues to work for you and earns you interest every day.

The BBVA Savings Box is the perfect solution for anyone who wants to save easily and automatically, directly in their current account, with flexibility and interest. All you have to do is put your money aside or activate clever Savings Rules, and the Savings Box will do the rest for you.