It is an account for minors and the perfect way for them to learn to save and obtain financial returns early on. You can open the account with €1 and get a return on up to €1.000.000. Decide how much you want to save. You can deposit or withdraw money and the interest earned from an associated current account, at any time and with no fees!
Open Young Savings Account
An attractive return of 0,10% APR* and 0,10% annual NIR.
From 1€ to 1.000.000€ at the prevailing interest rate. And receive interest monthly!
Make your children's savings grow flexibly
Make as many deposits as you want until they reach age 18.
Money available always
Withdraw all or a portion of your money, and the interest earned, at any time.
No costs or fees
Maintenance and transfers are free.
Multiply your children's savings
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No minimum amounts: you can deposit from 1€ to 1.000.000€.
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Receive interest of 0,15% APR* and 0,15% annual NIR.
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Earn interest from day one.
A flexible children's savings account
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Deposit money into the Open Young Savings Account whenever you want and as many times as you want, from 1€.
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Withdraw all or some of your money together with the interest earned, at any time.
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When your children reach age 18, they will have access to a wide range of financial solutions to continue growing their money.
No fees
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The opening and closing are free.
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There are no fees for transfers or to maintain the account either.
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You can take out money too!
* Representative example of the APR: For an average balance of 6.000€ over 30 days, the monthly gross interest would be 0,75€.
Become a customer in just three steps, wherever you are
1
Complete the online form
To become a customer, we need to know a few things about you. Complete the online form and choose your access code.
2
Confirm your identity
Without having to go anywhere. By video call, providing your account number in another bank or with a messenger.
3
Sign electronically
We will send you an SMS text with a security code in order to access your contract so that you can sign it online.
Would you like to know more about the Open Young Savings Account?
The minor. However, you (as mother, father, their guardian or legal representative) must manage the account (since it is associated with your own account) until they are of legal age. When they reach 18, their Open Young Savings Account will become an Openbank Savings Account. Because the Openbank Savings Account lacks payment methods, we will open an Open Current Account under their name. Fee-free!
It’s free to open, maintain and close this children’s savings account. No costs or fees. You can withdraw the money and interest whenever you like with no fees of any type. In addition, the children will receive all of the interest earned in their Open Young Savings Account monthly.
It’s as simple as clicking here or accessing our app with your mobile phone or tablet.
The account will become active as soon as we receive a photocopy of (i) the child's ID document (DNI) or Foreigners' Identification Number (NIE) and passport, as well as (ii) the Family Book, legal ruling (if applicable) or other similar document proving that the legal representative is the child's father, mother or legal guardian (Civil Register certificate).
You must send this documentation by e-mail to help@openbank.es or by post to Apartado de Correos 1,086, 28014 Madrid.
If you would like a more personalised service, you can call us at 91 177 33 37 if you are a customer. Of course, we are also available at our main branch.
If you aren’t a customer yet, become a customer here.
We make it extremely simple for you. Call us on 91 177 33 37 and our team of professionals will give you any assistance you require.
