Welcome Savings Account with payroll

Welcome Savings Account with Payroll
Earn interest from the first €1

A fee-free savings account for new customers

Promotional code: BIENVENIDANOMINA

Become a customer

Earn more with your salary

Earn interest at 2.66% APR1 for the first year. 5% annual NIR for the first 6 months and 0.20% annual NIR for the next 6 months1. Up to €5,000.

Save at your own pace

Deposit the money you want, when you want and for as long you want. 

Your money always available

Withdraw what you need at any time.

No charges or fees

Open, maintain or close your interest-bearing savings account for free and with no fees.

Earn interest on your savings from day one and from the first euro 

As a new customer, you will enjoy the following benefits:

First six months:

  • If you meet the conditions, i.e., your salary or pension of at least €900 is paid directly into your Open Payroll Account: 5% annual NIR* (2.66% APR1). 

  •  If you don't meet the conditions: 0.05% annual NIR and APR1)

From the seventh month on, your Welcome Savings Account with Payroll will become your Openbank Savings Account2 with the following interest:

  • If your salary or pension is paid directly into your account: 0.20% NIR (0.20% APR1)

  •  If conditions aren't met: 0.05% annual NIR (0.05% APR1)

Receive the interest in your fee-free Welcome Savings Account each month.

An account that adjusts to your savings, with no fees
 

  • Open your interest-bearing Savings Account from €1.

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

  • You can withdraw all or some of your money at any time. No fees!

  • There are no fees to open, maintain or close your savings account.

  • No minimum contract: there is no cancellation fee.

Plus, more advantages for your salary

  • If your salary3 is paid directly into your account, you get to enjoy a higher return, but also the advantages of the Open Payroll Account:

    • Opening and closing your Open Payroll Account is free.

    • No maintenance fees.

    • You will get 1% cashback on your electricity, gas, telephone, mobile phone and Internet bills paid by direct debit.

    • Your Open Debit Card is free for the main holder.

    • The Open Credit Card is also free.

    • Your transfers in euros within Spain and the EU carry no fees.

    • Plus, with Open Discounts you can save on top brands when you pay with your cards.

As of 19 April 2021,  the Openbank Savings Account will offer interest at 0.05% annual NIR (0.05% APR) up to €500,000 if any of the conditions indicated above are met. 0% annual NIR (0% APR) for amounts greater than €500,000. If conditions aren't met, interest will be earned at 0.01% annual NIR (0.01% APR).

Representative example with a constant balance of €10,000 in the first year, provided that your salary or pension of at least €600 is paid directly into your account or you set up direct debits for three monthly or bimonthly bills.

- If conditions are met: at 0.05% annual NIR (0.05% APR). Gross interest of €5 per year.
- If conditions aren't met: at 0.01% annual NIR (0.01% APR). Gross interest of €1 per year.

Interest for the first year. Monthly interest settlement.

Representative example with a constant balance of €5,000 in the first year, provided that your salary or pension of at least €900 is paid directly into your account.

   - If conditions are met: the first 6 months at 5% annual NIR and at 0.20% annual NIR for the next 6 months. 2.66% APR. Gross interest of €130 per year.

   - If conditions aren't met: at 0.05% APR and annual NIR. Gross interest of €2.50 per year.

Representative example with a constant balance of €10,000 in the first year, provided that your salary or pension of at least €900 is paid directly into your account.

  - If conditions are met: the first 6 months at 5% annual NIR and at 0.20% annual NIR for the next 6 months. 1.36% APR. Gross interest of €135 per year.

  - If conditions aren't met: at 0.05% APR and annual NIR. Gross interest of €5 per year.

The maximum amount to receive interest on in the Welcome Savings Account with Payroll is set at €5,000.

The risk indicator for this account is included at the top of the page.

3 You can enjoy the advantages of the Payroll Account if you arrange for your salary, pension or unemployment benefit of at least €900 to be paid into your account.

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

With no need to go anywhere. By video call, providing your account number in 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.

Open Discounts

Get discounts paying with your Openbank cards