This risk indicator corresponds to the Welcome Savings Account with Payroll, Openbank Savings Account and the Open Current Account.

1/6

This number is indicative of the product's risk, with 1/6 indicating the lowest risk and 6/6 the highest risk.

Member Bank of Spain's Deposit Guarantee Fund of Credit institutions. For cash deposits, the guaranteed amount is up to €100,000 per depositor in each credit institution.

Welcome Savings Account with Payroll

Get up to €250 in the first year when you bring your salary over to Openbank.
If you're a new customer, use code BIENVENIDANOMINA

Exclusively for new customers

Earn more with your salary

Earn interest at 5.12% APR¹, 5% annual NIR up to €5,000 for the first 12 months, subject to conditions.

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 and close your interest-bearing savings account for free and with no fees.

Fantastic interest rate

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

First 12 months:

Set up a direct deposit for your salary or pension of at least €900/month: 5.12 % TAE¹ and 5% annual NIR up to €5,000 and 0.20% annual NIR for amounts that exceed €5,000. If more than €5,000, the applicable APR will be calculated. For example, for €10,000, 2.63% APR² would apply to the entire balance (5% annual NIR up to €5,000 and 0.20% NIR to the remaining balance).
Without setting up a direct deposit for your salary or pension: 0.05% APR¹ and annual NIR.

After the first 12 months:

Your Welcome Savings Account with Payroll will become an Openbank Savings Account with the following conditions:

With your salary or pension of at least €900/month: 0.20% APR³ and annual NIR.
Without your salary or pension: 0.05% APR³ and annual NIR.

You will receive the interest in your savings account each month.

Save at your own pace and with no fees

An account that adjusts to your savings.Find out more

Give thanks to your salary!

Get more from your monthly income.Find out more

See Pre-Contractual Information and Fee Information Document for the Welcome Savings Account with Payroll

Apply

¹Interest for the first year. Monthly interest settlement.

Representative example with a constant balance of €5,000 in the first year:

If conditions are met i.e., you arrange for your salary or pension of at least €900/month to be paid directly into your Openbank account (condition): 5% annual NIR (5.12% APR). Gross annual interest of €250.
If conditions are not met: 0.05% APR and annual NIR. Gross annual interest of €2.50.

²APR calculated for a constant balance of €10,000 taking the two interest rate tranches into account. Representative example with a constant balance of €10,000 in the first year:

If conditions are met i.e., you arrange for your salary or pension of at least €900/month to be paid directly into your Openbank account (condition): 5% annual NIR up to €5,000 and 0.20% for excess balance (2.63% APR). Gross annual interest of €260.
If conditions are not met: 0.05% APR and annual NIR. Gross annual interest of €5.00

³Representative example with a constant balance of €10,000 in the first year for the Openbank Savings Account:

If conditions are met i.e., you arrange for your salary or pension of at least €600/month to be paid directly into your Open Payroll Account or you set up three monthly or bimonthly direct debits: at 0.20% annual NIR (0.20% APR), gross annual interest of €20.
If conditions are not met: at 0.05% annual NIR (0.05% APR), gross annual interest of €5.

There is no maximum amount to earn interest on in the Openbank Savings Account.

⁴You can enjoy the advantages of the Open Payroll Account if you arrange for your salary, pension or unemployment benefit of at least €900/month to be paid into your account.

⁵0% NIR and 0% APR. Representative example of remuneration with a constant balance of €10,000 during the first year at 0% annual nominal interest (0% APR): gross annual interest of €0.

⁶ Please note that in order to take advantage of certain discounts, you must pay with an Openbank card.

The safe option for your savings

With the backing and solvency of the Santander Group

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!