Openbank rewards customers who subscribe to or switch investment funds with up to €600

Openbank, the 100% digital bank of Grupo Santander, has launched a campaign to continue pushing the sale of investment funds, one of the most sought-after products this year. Until the end of August, these investment vehicles posted a 250% increase in cumulative net subscriptions in relation to the same period of the previous financial year.

Through this commercial offer, the bank rewards customers who subscribe to or switch their funds at another bank to the 2,000+ funds from more than 100 different asset managers in its catalogue. This incentive goes up to €600 depending on the amount invested, starting at €5,000. Customers will get €50 when they invest between €5,000 and €9,999 euros; €100 for €10,000 to €29,999 euros; €300 euros for €30,000 to €99,999 euros, and €600 euros for amounts over €100,000.

Customers will need to sign up to the promotion by entering the code MISFONDOS2021 on the website or app by 15 December (inclusive) and subscribe to or transfer investment funds before 14 January 2022. Once the payment has been made, the customer will receive the incentive in their current account in February 2022.

The bank offers its customers different formulas for investing in these products from one euro, whether they have prior knowledge of them or not. On the one hand, they can invest directly in funds through an open architecture catalogue with more than 2,000 funds from more than 100 asset managers. On the other hand, they can engage the automated investment service (robo-advisor), made up of different strategies adapted to the risk profiles of each investor and to market developments, and, lastly, access a range of fund portfolios with predefined asset allocation models that can be adapted to each type of investor.

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