Openbank Savings Account

Openbank Savings Account

Save from €1 and withdraw your money whenever you want. No fees!

Open your account


Earn interest at an annual NIR and APR of up to 0.05%subject to conditions.

Save at your own pace

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

Access your money when you need it

Withdraw what you need at any time.

No costs or fees

Free to open, maintain or close your account.

Earn interest on your savings from the first month

  • If conditions are met: If you set up a direct desposit of your salary or pension of at least €600/month directly deposited, or arrange direct debits for monthly bills, you earn interest at an annual APR and NIR of 0.05%1.

  • If conditions are not met: you earn interest at an annual APR and NIR of 0.01%1 on any amount.

  • The interest is paid into your Openbank Savings Account each month.

An account that adjusts to your savings

  • Open your Openbank Savings Account from €1 and earn returns on up to €500,000.

  • Deposit how much you want, when you want and for as long you want.

  • You can withdraw all or some 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 fee.

1 Representative examples of interest with an average balance of €10,000 in the first year.

- If you set up a direct deposit for your salary or pension of at least €600/month, or arrange direct debits for three monthly or bimonthly bills: at 0.05% annual NIR (0.05% APR) the annual gross interest would be €5.
- If conditions are not met: at 0.01% annual NIR (0.01% APR) the annual gross interest would be €1.

The maximum amount to earn interest on in the Openbank Savings Account is €500,000.


Become a customer in just three steps, wherever you are


Fill out your details

To become a customer, we need to know a few things about you. Fill out the online form and choose your passcode. Have your DNI or NIE at hand.


Confirm your identity

From the comfort of your own home. By video identification or using the number of your account at another bank.


Sign electronically

We will send you an SMS text with a security code to access your contract so that you can sign it online.