1/6

This number is indicative of the product's risk, with 1/6 indicating the lowest risk and 6/6 the highest risk.

Member Bank of Spain's Deposit Guarantee Fund of Credit institutions. For cash deposits, the guaranteed amount is up to €100,000 per depositor in each credit institution.

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Open Young Savings Account

Open Young Savings Account

Their savings get bigger as they grow older. No fees!

Open your account

Attractive return

From €1 to €1,000,000 at 0.15% annual NIR, 0.15% APR¹. Plus, receive the interest you earn each month!

Flexible savings for the little ones

Deposit as much as you want until they turn 18.

Access the savings whenever you want

Withdraw all or some of the money, and the interest earned, at any time.

No fees or charges

Transfers and account maintenance are free.

Boost your little ones' savings

No minimum amounts: you can deposit from €1 to €1,000,000.
Earn interest at 0.15% APR¹ and 0.15% annual NIR.
Returns from day one.

A flexible children's savings account

Deposit money into the Open Young Savings Account whenever you want and as many times as you want, from €1.
Withdraw all or some of your money together with the interest earned, at any time.
When your children turn 18, they will have access to a wide range of financial solutions to continue building their savings.

No fees

Free to open and close the account.
There are no fees for transfers or to maintain the account either.
See the applicable fees for using the main services associated with the account in the Pre-Contractual Information.

¹Example of interest with a balance of €6,000 held for the first year at 0.15% (0.15% APR): gross annual interest of €9.

See Pre-Contractual Information and Fee Information Document for the Open Young Account

Open your account

Become a customer in just three steps, wherever you are

Fill out your details

To become a customer, we need to know a few things about you. Fill out the online form and choose your passcode. Have your DNI or NIE at hand.

Confirm your identity

With no need to go anywhere. By video call, providing your account number in another bank.

Sign electronically

We will send you an SMS text with a security code to access your contract so that you can sign it online.

Become a customer

Want to learn more about the Open Young Savings Account?

What is the Open Young Savings Account?

It is a bank account for minors and the perfect way for them to learn to save and obtain financial returns from a young age. You can open the account with €1, earn interest on up to €1.000.000, and 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!

Who is the account holder?

The minor. However, you (as their mother, father, guardian or legal representative) must manage the account (since it is associated with your own account) until they are of legal age. When they turn 18, their Open Young Savings Account will become a fee-free Openbank Savings Account. As the Openbank Savings Account has no payment means, we'll start the process to open an Open Current Account for them. Plus, it's fee-free too!

The risk indicator corresponding to both accounts is included at the top of the page.

Are there any fees?

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 want with no fees of any type. What's more, your children will receive all of the interest earned in their Open Young Savings Account each month. See the applicable fees for using the main services associated with the account in the Pre-Contractual Information

How can you open the Open Young Savings Account?

It's as simple as clicking here or logging into our app with your mobile or tablet. The account will be activated when we receive a photocopy of the minor's (i) National ID card or NIE and passport, and (ii) the Family Book, court ruling (if applicable) or similar document proving that the legal representative is the minor's father, mother or legal guardian (civil registration certificate). You must send the documentation to ayuda@openbank.es or drop it at Correos Box 1,086, 28014 Madrid If you would prefer to speak to someone, you can call (+34) 91 177 33 10 if you are a customer. We are also on hand to help at our main branch.

What happens with the Open Young Savings Account when the child reaches the age of 18?

When the child reaches the age of 18, the Open Young Savings Account will automatically become an Openbank Savings Account in the name of the minor (who will be the sole account holder), where the balance it has on that date will be transferred. The Openbank Savings Account must be associated with an Open Current Account, and therefore, the minor, once aged 18, must open an Open Current Account to be able to bank this way with their Openbank Savings Account. Neither the Openbank Savings Account nor the Open Current Account have opening, maintenance or closing fees. In addition, the Open Current Account has an Open Debit Card free of charge for the main holder. Plus, if you prefer, you can also apply for the Prepaid eCommerce Card free of charge, amongst other products. Before the child reaches the age of 18, check that we have updated your data, access your Customer Area and go to the ‘Personal Details’ section of your profile. When they turn 18, we will contact them to manage the activation of their new Open Current Account. For any queries, call (+34) 91 177 33 10.