Openbank Savings Account

Openbank Savings Account

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

Open your account

Return

Earn interest at an annual NIR and APR of up to 0.05%1 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.

onboarding

Become a customer in just three steps, wherever you are

1

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.

2

Confirm your identity

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

3

Sign electronically

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

Become a customer

Want to learn more about the Openbank Savings Account?

What is the Openbank Savings Account?

This is a savings account with no costs or fees, where you receive the interest earned on your savings each month. It is linked to your Open Current Account or Open Payroll Account.

You can withdraw all or some of your money, together with the interest you have earned, by transferring it to your Open Current Account or Open Payroll Account at any time. Fee-free! Check out all the information here.

Can you carry out other banking transactions with your Openbank Savings Account?

The Openbank Savings Account is exclusively a savings account. If you want to arrange for your salary or pension to be paid in directly, set up direct debits for your bills, have cards or withdraw cash from ATMs, check out the Open Payroll Account or the Open Current Account.

The risk indicator corresponding to these accounts is included at the top of the page.

What interest do you earn?

Just for opening the account you will earn interest at 0.01% APR1 and annual NIR.

If you also arrange for your salary or pension of at least €600/month to be paid directly into your account, or set up direct debits for three monthly or bimonthly bills, you'll earn interest at 0.05% APR1 and annual NIR.

Are there any fees?

It’s free to open, maintain and close the Openbank Savings Account. Plus, there is no minimum contract, so you can withdraw your money and interest whenever you want free of charge.

See the applicable fees for using the main services associated with the account in the Pre-Contractual Information.

 

How can you deposit money into your Openbank Savings Account?

Make transfers from your fee-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 also set up a transfer from that bank to your Openbank Savings Account.

The risk indicator applicable to these accounts is included at the top of the page.

How can you withdraw your money?

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 cost with your associated card from any Banco Santander branch or ATM in Spain.

 

How can you open your Openbank Savings Account or obtain more information?

It's as simple as clicking here or logging into our app with your mobile or tablet. If you would prefer to speak to someone, call us on +34 91 177 33 37 if you are not a customer yet.  

If you still don't have an account with us, become a customer here.

Need more information? 

We make it simple. Call us on +34 91 177 33 37 and our team of professionals will be glad to help.

Check out more products and services on your online banking homepage.

What is the Openbank Savings Account?

This is a savings account with no costs or fees, where you receive the interest earned on your savings each month. It is linked to your Open Current Account or Open Payroll Account.

You can withdraw all or some of your money, together with the interest you have earned, by transferring it to your Open Current Account or Open Payroll Account at any time. Fee-free! Check out all the information here.

Can you carry out other banking transactions with your Openbank Savings Account?

The Openbank Savings Account is exclusively a savings account. If you want to arrange for your salary or pension to be paid in directly, set up direct debits for your bills, have cards or withdraw cash from ATMs, check out the Open Payroll Account or the Open Current Account.

The risk indicator corresponding to these accounts is included at the top of the page.

What interest do you earn?

Just for opening the account you will earn interest at 0.01% APR1 and annual NIR.

If you also arrange for your salary or pension of at least €600/month to be paid directly into your account, or set up direct debits for three monthly or bimonthly bills, you'll earn interest at 0.05% APR1 and annual NIR.

Are there any fees?

It’s free to open, maintain and close the Openbank Savings Account. Plus, there is no minimum contract, so you can withdraw your money and interest whenever you want free of charge.

See the applicable fees for using the main services associated with the account in the Pre-Contractual Information.

 

How can you deposit money into your Openbank Savings Account?

Make transfers from your fee-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 also set up a transfer from that bank to your Openbank Savings Account.

The risk indicator applicable to these accounts is included at the top of the page.

How can you withdraw your money?

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 cost with your associated card from any Banco Santander branch or ATM in Spain.

 

How can you open your Openbank Savings Account or obtain more information?

It's as simple as clicking here or logging into our app with your mobile or tablet. If you would prefer to speak to someone, call us on +34 91 177 33 37 if you are not a customer yet.  

If you still don't have an account with us, become a customer here.

Need more information? 

We make it simple. Call us on +34 91 177 33 37 and our team of professionals will be glad to help.

Check out more products and services on your online banking homepage.

Learn more about your Openbank account

Advantages for your day-to-day

An account for fast and simple daily banking: free transfers in euros within the EU, free ATM cash withdrawals with your debit card, no fees (0% APR, 0% NIR), and plenty more!

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