This risk indicator applies to the Welcome Savings Account, Welcome Savings Account with Payroll, Openbank Savings Account and Open Young Savings Account.
Welcome Savings Accounts
For new customers, with no charges or fees.
Welcome Savings Account
For new customers. Interest on your savings from day one. Deposit or withdraw cash whenever you want with no charges or fees.
Welcome Savings Account with Payroll
For new customers. Interest on your savings from day one. Deposit or withdraw cash whenever you want with no charges or fees.
Savings Accounts
For everyone, with no charges or fees.
Openbank Savings Account
For existing customers. Interest on your savings from day one. Deposit or withdraw cash whenever you want with no charges or fees.
Open Young Savings Account
For your little ones. We offer you a flexible child savings account where their money grows as they get older, with no charges or fees.
What is a Savings Account?
Savings accounts are like piggy banks - you deposit the money you want to save. They offer you a return and/or other type of interest. The return on each Savings Account is indicated by the NIR (Nominal Interest Rate), which specifies the interest you will earn.
When can you access your money?
You can withdraw and transfer money from your Savings Account at any time and without any fees. That's why they're fee-free savings accounts.
(1) Representative example for a balance of €5,000 held for one year:
-If you arrange for your salary or pension of at least €600/month to be paid directly into your account or set up three monthly or bimonthly direct debits, from the seventh month onwards, you earn interest at 0.60% APR for the first year (1% annual NIR for the first 6 months and 0.20% NIR for the next 6 months): gross annual interest of €30.
-Otherwise: 0.53% APR, (1% annual NIR for the first 6 months and 0.05% NIR for the next 6 months): gross annual interest of €26.25.
Maximum amount to earn interest on €5,000. Monthly interest settlement.
(2) Representative example for a balance of €5,000 held for one year:
- If you arrange for your salary or pension of at least €900 to be paid directly into your account, you earn interest at 2.66% APR for the first year (5% annual NIR for the first 6 months and 0.20% annual NIR for the next 6 months): gross annual interest of €130.
- Otherwise: 0.05% APR and annual NIR: gross annual interest of €2.50.
Maximum amount to earn interest on €5,000. Monthly interest settlement.
(3) Representative example for a balance of €5,000 held for one year:
-If you arrange for your salary/pension of at least €600/month to be paid directly into your account or set up three monthly or bimonthly direct debits, you earn interest at 0.20% APR and annual NIR: gross annual interest of €20.
-Otherwise, you earn interest at 0.05% APR and annual NIR: gross annual interest of €5.
Monthly interest settlement.
(4) Representative example for an average balance of €6,000 held for 30 days: gross monthly interest of €0.75.
Open Discounts
Get discounts paying with your Openbank cards
