Openbank Savings Account

Openbank Savings Account

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

Open your account

Return

Earn interest at an annual NIR and APR of up to 0,20% subject to conditions.

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

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 0.20%.

  • If conditions are not met: you earn interest at an annual APR and NIR of 0.05% for 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 €1,000,000.

  • Deposit how much you want, when you want and for as 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 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 bills:

- If conditions are met: at 0.20% annual NIR (0.20% APR) the monthly gross interest would amount to €20.
- If conditions are not met: at 0.05% annual NIR (0.05% APR) the gross interest would amount to €5.

The maximum amount to earn interest on in the Openbank Savings Account is €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?

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 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! 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 directly deposited, set up direct debits for your bills, have cards or withdraw cash from ATMs, we offer the Open Payroll Account or the Open Current Account.

What interest do you receive?

Just for opening the account you will earn interest at 0.05% APR* and annual NIR.

If you also 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 0.20% APR* 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.

 

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.

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 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 accessing our app with your mobile phone or tablet. If you would like a more personalised service, call us on +34 91 177 33 37 if you are still not a customer.  

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

Do you need more information?

We make it simple. Call us on +34 91 177 33 37 and our team of professionals will help you with whatever you need.

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 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! 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 directly deposited, set up direct debits for your bills, have cards or withdraw cash from ATMs, we offer the Open Payroll Account or the Open Current Account.

What interest do you receive?

Just for opening the account you will earn interest at 0.05% APR* and annual NIR.

If you also 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 0.20% APR* 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.

 

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.

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 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 accessing our app with your mobile phone or tablet. If you would like a more personalised service, call us on +34 91 177 33 37 if you are still not a customer.  

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

Do you need more information?

We make it simple. Call us on +34 91 177 33 37 and our team of professionals will help you with whatever you need.

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

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