Openbank Savings Account

Openbank Savings Account

Save from 1 € and with your money always available. Free fees!

Open your account

Return

Earn 0,05% annual APR* and NIR. Receive up to 0,30% annual NIR and APR if you have your salary or pension directly deposited, or have three bills direct debited.

Save flexibly

From 1€, whenever you want and for however long you want.

Your money always available

Withdraw what you need at any time.

No costs or fees

Open, maintain or close your account.

Receive interest on your savings from the first month

  • If you have your salary or pension of at least €600/month directly deposited, or have three monthly  bills direct debited, achieve an annual 0,30% APR and NIR for the first €10.000. For higher amounts 0,20% APR and NIR.

  • Without conditions, achieve an annual 0,05% APR and NIR for any amount.

  • Receive the interest in your Openbank Savings Account each month.

An account that adjusts to your savings

  • Open your Openbank Savings Account from €1 and get more value for up to €1,000,000.

  • Deposit the money you want, when you want and for however long you want.

  • You can withdraw all or a portion of your money and interest at any time.

No fees!

  • There are no fees to open or maintain your Openbank Savings Account.

  • No minimum contract: there is no cancellation penalty.


* Examples of interest with an average balance of €10,000 during the first year:
- Fulfilling  the conditions, 0.30% annual NIR (0.30% APR) the monthly gross interest would amount to €30.
- If none of the conditions are met, 0.05% annual NIR (0.05% APR) the gross interest would amount to €5.

**For higher amounts than €10.000 and up to €1.000.000. you will receive an annual NIR and APR of 0,30% for the first €10.000 and a 0,20% NIR and APR for the remaining amounts, If you have your salary or pension of at leats €600 month directly deposited, or have three monthly bills direct debited.  For example for a one-year investment of €15.000:

-  0,30% annual NIR for the first €10.000

-  0,20% annual NIR for the remaining €5.000

(Total APR of 0,27% for a one-year investment of €15,000 euros, remuneration of €40.50 gross per year). The maximum amount to be remunerated in an Openbank Savings Account will be €1.000.000

 

onboarding

Become a customer in just three steps, wherever you are

1

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.

2

Confirm your identity

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

3

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.

Watch video Become a Customer

Do you want to learn more about the Openbank Savings Account?

This is a savings account with no costs or fees, where each month you will receive the interest generated by your savings. It is associated with your Open Current Account or Open Payroll Account.

You can withdraw all or a portion of your money, together with the interest you have earned, or transfer it to your Open Current Account or Open Payroll Account at any time. Fee-free! Obtain all the information here.

The Openbank Savings Account is exclusively a savings account. Therefore, if you want to arrange for your salary or pension to be directly deposited or your bills to be directly debited, have cards or withdraw money from ATMs, we offer you the Open Payroll Account or the Open Current Account.

Just for contracting it you will receive 0.05% APR* and annual TIN.

If, in addition, you pay your salary or pension by direct debit with a minimum of 600 €/month, or three monthly or bimonthly bills:

  • For the first €10,000: 0.30% APR** and annual NIR.
  • For higher amounts: 0.20% APR and annual NIR.

It’s free to open, maintain and close the Openbank Savings Account. And there is no minimum time, that means you can withdraw your money and interest when you want free of charge.

 

Make transfers from your charge-free​​​​​​​ Open Current Account or your fee-free Open Payroll Account. Or deposit a cheque or cash at any Banco Santander Spain branch. If you have an account in another bank, you can make a transfer from your other bank to your Openbank Savings Account.

All you have to do is transfer it from your Openbank Savings Account  to your Open Current Account or Open Payroll Account and you will be able to withdraw it at no charge from any Banco Santander Spain branch or ATM.

It's as simple as clicking here or accessing our app with your mobile phone or tablet. If you would like a more personalised service, call us at  +34 91 177 33 37 if you are still not a customer.  

If you still aren't a customer, become a customer here.

We make it extremely simple for you. Call us on +34 91 177 33 37​​​​​​​ and our team of professionals will give you any assistance you require.

Discover more products and services in your online banking home page​​​​​​​.

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