Openbank offers up to 2% for subscriptions and transfers to its funds and pension plans


Openbank, Grupo Santander’s 100% digital bank, has launched a campaign to encourage saving through its investment funds and pension plans. After closing 2020 with record figures in inflows and managed assets, Openbank Wealth continues to grow and has now surpassed €1.8 billion in assets under management.

This new campaign offers customers and non-customers the chance to obtain 1% cashback when subscribing to, transferring, or making new contributions to any investment fund marketed by the bank within its catalogue of more than 2,000 funds from over 100 asset managers worldwide. There are no custody, subscription, redemption, or transfer fees for these funds.

The maximum amount of cashback is €600, and customers can benefit from this promotion by entering the code FONDOS2021 on the bank's website or app until 30 July and making a minimum subscription or transfer of €3,000 before 31 August.

In terms of pension plans, Openbank also rewards transfers from other banks to any of the more than 35 plans from 5 different asset managers in the bank’s catalogue. This cashback increases to 2%, based on the amount contributed, starting from €5,000. Therefore, customers who switch their plans over to Openbank will earn 1% extra for amounts of between €5,000 and €30,000; 1.5% from €30,000 to €60,000 and 2% for amounts greater than €60,000. These products are not subject to transfer or custody fees.

The maximum amount payable is €5,000 and customers can benefit from this promotion by entering the code TRASPASO21 on the bank's website or app before 30 September.

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