A welcome that's in your best interest
Fee-free account and card for day-to-day banking and
2.27% APR*, 2.25% NIR on your savings for 6 months.
Everything you want for your day-to-day, hassle-free
Interest at 2.27% APR* and 2.25% NIR, without the catch
WELCOME SAVINGS ACCOUNT
Use the code BIENVENIDA when you open an account and you’ll earn 2.27% APR* and 2.25% annual NIR on up to €1,000,000 for 6 months with our interest-bearing account.
And if you have more … You will continue to earn interest on your savings at the applicable rate at the time.
You will receive any interest earned on a month-to-month basis and your money will always be available whenever you need it.
100% digital, 100% human
Turn your card on and off, finance purchases, chat with an agent or track your investments.
Personal support with agents who understand you.
And recognised as one of the best valued banks by their customers.
With the security of one of the world’s largest financial groups.
All your needs covered...
Avoid the extra fees1 on purchases on your trips and get complete peace of mind when you turn on the Travel+ benefits of your cards2.
Invest from just €1 in the main cryptocurrencies and directly in our app, without having to move your money to another platform.
Plus, stocks, funds, ETFs, warrants and AI-powered financial analysis tools to help you make informed investment decisions.
And when you make that big decision, you can take out an Open Mortgage, assisted by an advisor who will accompany you from start to finish
Cryptoassets are complex financial products and may be difficult to understand. Their prices are volatile, so you may lose all or part of your investment. These assets are not protected by regulated market mechanisms, which may entail manipulation and liquidity risks. In addition, they are not covered by any guarantee fund and the technology that powers them may pose risks (cyber fraud) or operational failures. Further information about all the risks associated with crypto-asset trading can be found here. If you request a refund of the crypto-assets, you can consult the summary of the applicable procedure here.
Please note that all investments involve a certain level of risk, including the lack of return, loss of invested capital and/or exchange-rate risk for non-euro-denominated products.
The level of risk and information on each of the Investment Funds, ETFs and/or Pension Plans marketed by Open Bank, S.A. is detailed in the Information Brochure or Key Investor Document (KIID) for each of the products, available at www.openbank.es/en and/or www.cnmv.es.
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All you need to know:
What products do I get when I open an account?
When you open an account, you get a fee-free current account with no opening, maintenance and closure fees, and a debit card associated with the account that is also free of issuance and maintenance fees for the main holder.
If you also use the BIENVENIDA promotional code during the process, you will also get a Welcome Savings Account, exclusive to new customers, which is also free of maintenance, administration or closure fees.
See the fees applied for the use of the main services associated with the payment account in the Pre-contractual Information and the Fee Information Document for the Welcome Savings Account.
What is the Welcome Savings Account?
It is an account with no maintenance, administration or closure fees in which your savings generate interest that you receive monthly, and you can get it by using the code BIENVENIDA when you open an account. You can open it from €1, earn interest on up to €1,000,000 (the balance exceeding this amount will earn interest at 0.20% APR and 0.20% annual NIR) and add as much money as you want, whenever you want.
The first 6 months you will earn interest at 2.27% APR1 and 2.25% annual NIR and then it will automatically convert to the Openbank Savings Account, where you will earn interest at the applicable rate for the account at that time.
Plus, you can withdraw all or part of your money, including any interest you have earned, at any time by moving it to another Openbank account or by sending an external transfer.
For further information, see the Pre-contractual Information and Fee Information Document for the Welcome Savings Account.
Do I need to take out each product separately?
No, if you use the BIENVENIDA promotional code, you will get the current account, savings account and card.
Will I receive separate documentation for each product?
Yes, each product has its own terms and conditions, but you only have to sign the agreements once and the process is 100% online.
What are the benefits of applying for all three at once?
The Welcome Savings Account is exclusive to new customers, so you can only get it if you use the code BIENVENIDA when you open an account.
This way, you get products to help with your day-to-day banking, such as setting up a direct deposit for your salary, paying with card, withdrawing cash or sending transfers, and you also get an account where you can earn interest.
Can I transfer money between the current account and the savings account at no cost?
Yes, transfers between accounts are free and are processed instantly.
What if I don’t have any balance in the current account but I do in the savings account?
The debit card is associated with the current account, so you cannot use the savings account balance directly. First, you need to transfer it to the current account.
*Interest corresponding to the first six (6) months. Monthly interest settlement.
Representative example of interest earned with a constant balance of €25,000 held for 6 months at 2.27% APR and 2.25% annual NIR. Gross annual interest of €281.25.
During the first six (6) months: 2.27% APR and 2.25% annual NIR on up to €100,000. For any balance over €1,000,000, interest will be earned at 0.20% APR and 0.20% annual NIR with no limit.
1Open Current Account, with no fees for account maintenance, administration or closure, and an Open Debit Card with no fees for issuance or renewal for the main holder. Read the Fee Information Document for the Welcome Savings Account and the Pre-contractual Information for the Open Debit Card.
2Visa and Mastercard may apply a mark-up to European Central Bank exchange rates.
3Travel+ travel benefits are available on Open Debit cards for €4.99/month; and on Open Credit cards, the Я42 Travel Card, Openbank by Vanity Fair Reading Club Card and El Hormiguero Credit Card for €2.99/month.
Issuance of Openbank credit cards is subject to prior approval by the Openbank Risk Department.