Open Young Savings Account

From €1 to €1,000,000 at the prevailing interest rate. And receive interest monthly!

Make as many deposits as you want until they reach age 18.

Withdraw all or a portion of your money, and the interest earned, at any time.

Maintenance and transfers are free.

Multiply your children's savings

No minimum amounts: you can deposit from €1 to €1,000,000.
Receive interest of 0,15% APR* and 0,15% annual NIR.
Earn interest 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 reach age 18, they will have access to a wide range of financial solutions to continue growing their money.

No fees

The opening and closing are free.
There are no fees for transfers or to maintain the account either.
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.

See Pre-contractual information for the Open Young Account application

Open your account

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.

Confirm your identity

Without having to go anywhere. By video call, providing your account number in another bank or with a messenger.

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?

What is the Open Young Savings Account?

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!

Who is the account holder?

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!

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 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.