Openbank Interest-bearing Account

Our Interest-bearing Account has no maintenance, administration or closing fees, so your savings can keep earning interest, which you receive each month. You can open this account by using the code OPEN325 when signing up. You can start earning interest on as little as €1, with no maximum balance limit, just for activating Bizum: the full balance you transfer will earn interest for 12 months. There’s no need to set up a direct deposit.

After the first 12 months, your account will automatically become an Openbank Savings Account, where your money will continue earning interest at the rate available on that account at the time.

You can add money whenever you want, and withdraw all or part of your balance at any time, including any interest earned up to that point.

Read the Fee Information Document for the Openbank Interest-bearing Account.

When you sign up, you get:

1. A current account with no opening, maintenance or closing fees.
2. A debit card linked to this account with no application or maintenance fees for the main holder.
   
   Plus, if you use the promotional code OPEN325 during the process:
   
3. An interest-bearing account exclusively for new customers, which has no maintenance, administration or closing fees, and in which your savings earn interest at 3.25%¹ APR, 3.20% annual NIR for one year if you activate Bizum.

Your current account will be activated first. Your interest-bearing account will then be activated in around 24 hours. If this falls on a weekend or public holiday, it may take a little longer.

Please note that, to earn interest at this rate, your money must be kept in this account and not in your current account.

As each product has its own terms and conditions, you’ll receive separate documentation for each one when you apply. However, the contract signing process is completed in a single step and is 100% digital.

See the applicable fees for the use of the main services associated with the payment account in the pre-contractual information and in the Fee Information Document for the Openbank Interest-bearing Account.

If you sign up using the code OPEN325, you get a current account with no opening, maintenance or closing fees, a debit card with no application or renewal fees for the main holder, and an Openbank Interest-bearing Account exclusive for new customers.

With the Openbank Interest-bearing Account your savings earn interest at 3.25% APR¹ (3.20% annual NIR) for 12 months if you activate Bizum with Openbank.

And if you bring at least 2 direct debits over, you’ll also get €20 a month for 10 months, up to a maximum of €200.

Each month, you’ll receive the incentive in two parts, depending on the requirements you meet:

• If you set up at least 2 direct debits, you’ll receive €20 per month in your current account for up to 10 months.
• If you have Bizum with Openbank and bring your savings over to the Openbank Interest-bearing Account, the interest will be paid monthly into that account for 12 months.

Important: to receive the full €200 for your direct debits, you must set them up before 30 November 2026. The final payment will be made in September 2027, even if you haven’t completed the full 10 months.

Interest on the Openbank Interest-bearing Account is paid monthly. It’s calculated based on the balance held in the account and paid for 12 months from the date the account is opened.

You need to set up at least 2 direct debits with Openbank. They can be for any amount and from any provider.

For each month you keep your direct debits active, you’ll receive €20. Keep them active for 10 months and you’ll receive the full €200.

Please note that the final payment will be made on September 2027, even if you haven’t reached the maximum of 10 payments. To receive the full €200, set up your direct debits before 30 November 2026.

You simply won’t receive the payment for that month, but there’s no penalty. If you meet the requirements again the following month, you’ll start receiving the payment again.

No. You don’t need to set up a direct deposit for your salary to earn interest in the Openbank Interest-bearing Account. You just need to use the code OPEN325 when opening your current account, have Bizum activated with Openbank, and transfer the money you want to save into the interest-bearing account. Remember, there’s no maximum balance eligible for interest, so you can transfer as much as you want.

Yes. You can withdraw all or some of your money from the Openbank Interest-bearing Account whenever you want.

Yes. Transfers between your current account and your interest-bearing account are free and instant. Don’t forget that you will only earn interest on the balance in your interest-bearing account.

No. If you open your current account using a friend’s referral code, you won’t be able to add the OPEN325 code later to benefit from this promotion as well. Both promotions are exclusive to new customers and can’t be combined.