Paid Payroll account

Welcome Savings Account with Payroll
First 6 months 3% annual NIR* (1,72% APR)
*Subject to conditions

A savings account without fees for new customers

Promotional code: BIENVENIDANOMINA

Open your account

More return with your payroll

Obtain a 3% annual NIR* (1,72% APR) for the first 6 months from €1 to €15,000, subject conditions.

Save flexibly

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 

  • With a nominal interest rate of 3% annual NIR* for the first 6 months  (1,72% APR subject to conditions) and from €1 to €15,000, in a savings account for new customers, just for having your salary or pension of at least €900 paid automatically into your Open Payroll Account, where you can also arrange to pay your bills by direct debit, and everything without fees. For amounts over 15,000 euros, your nominal interest rate will be 0.40% per year for the first 6 months (0.40% APR)**.

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

    • 0,40% annual NIR (1,72% APR for the first year with a balance of up to €15,000) if you have your salary or pension paid automatically into your account.

    • 0,10% annual NIR (0,10% ​​​​​​​ APR for a balance of up to €1,000,000) if conditions aren't met. 

  • Receive the interest in your fee-free savings account each month.

An account that adjusts to your savings, with no fees
 

  • Open your Openbank Savings Account from €1.
    ​​​​​​​

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

  • You can withdraw all or a portion of your money and interest at any time.

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

  • No minimum time: there is no cancellation penalty.

And more advantages for your salary

  • If your salary is paid automatically into your account, you not only get a higher return, but also enjoy 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 Spain and internationally to the EU in euros are without fees.

    • And besides, with Open Discounts you can save on great brands when you pay with your cards.

* Interest for the first year. Monthly interest payments.
​​​​​​​Examples of interest with a constant balance of €15,000 during the first year, provided that your salary or pension of at least €900 is paid automatically into your account.
   - If conditions are met: the first 6 months with an annual nominal interest rate of 3% and 0.40% for the following 6 months (1,72% APR), interest of €255 gross per year.
   - If conditions aren't met: with a constant balance of €15,000 during the first year, 0.10% nominal annual interest (0,10% APR), interest of €15 gross per year.
​​​​​​​ Examples of interest with a constant balance of €18,000 during the first year, provided that your salary or pension of at least €900 is paid automatically into your account.
   - If conditions are met: the first 6 months with an annual nominal interest rate of 3% and 0.40% for the following 6 months (1.50% APR), interest of €267 gross per year.
   - If conditions aren't met: with a constant balance of €18,000 during the first year, 0.10% nominal annual interest (0,10% APR), interest of €18 gross per year.


** For amounts over 15,000 euros, your nominal interest rate will be 0.40% annual NIR for the first 6 months TAE (0.40%), provided that your salary or pension of at least €900 is paid automatically into your Open Payroll Account.
For example for a one-year investment of 18,000 euros:

   - 3% annual NIR for the first 15,000 euros for the first 6 months
   - 0.40% annual NIR for the remaining 3,000 euros for the first 6 months
   - 
0.40% annual NIR 18,000 euros for the remaining 6 months until the year is complete. (Total APR of 1.50% for a one-year investment of 18,000 euros).

 

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.

Do you want to learn more about the Welcome Savings Account with Payroll?

It is an account where your savings earn interest (3%annual NIR* for the first 6 months,1,72%APR) up to €15,000) just for having your salary or pension of at least €900 paid automatically into your account.

You can open it from €1 and increase your balance as much as you want. You will earn interest at 3% NIR (1,72% APR) for a balance of up to €15,000 for the first 6 months. The balance over this amount will earn an interest at 0.40% NIR per year (1,72% APR first year).

You will be paid interest every month and you can also withdraw all or a portion of your money, together with the interest you have earned, at any time. Fee-free! It’s that simple.

When you arrange to have your salary or pension paid automatically into your account, you also have these benefits:

  • 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.
  • It is also free to apply for and renew the Open Credit Card.
  • Your transfers in Spain and internationally to the EU in euros are without fees.

When you open your Welcome Savings Account with Payroll, you also open your Open Payroll Account.  Two fee-free accounts you can use to save and manage your money, respectively.

Open your accounts now or call us on 91 177 33 10 if you prefer a more personal service.

By becoming a customer and having your salary or pension of at least €900 paid automatically into your account, you will receive 3% NIR (1,72%APR) for the first 6 months, from the first euro, up to €15,000 in your Welcome Savings Account with Payroll. A balance over €15,000 and up to €1,000,000 will earn an interest of 0.40% annual NIR (0,40%APR). 

Starting from the seventh month, you get:

  • An annual NIR of 0,40%  (0,40%APR), provided that your salary or pension of at least €900 is paid automatically into your account.
  • An annual NIR of 0,10% (0,10%TAE) if conditions are not met.

​​​​​​​Examples of interest with a constant balance of €15,000 during the first year, provided that your salary or pension of at least €900 is paid automatically into your account.
   - If conditions are met: the first 6 months with an annual nominal interest rate of 3% and 0.40% for the following 6 months (1,72% APR), interest of €255 gross per year.
   - If conditions aren't met: with a constant balance of €15,000 during the first year, 0.10% nominal annual interest (0,10% APR), interest of €15 gross per year.


​​​​​Examples of interest with a constant balance of €18,000 during the first year, provided that your salary or pension of at least €900 is paid automatically into your account.
   - If conditions are met: the first 6 months with an annual nominal interest rate of 3% and 0.40% for the following 6 months (1.50% APR), interest of €267 gross per year.
   - If conditions aren't met: with a constant balance of €18,000 during the first year, 0.10% nominal annual interest (0,10% APR), interest of €18 gross per year.

With the Welcome Savings Account with Payroll you get a higher return and for longer: 3% nominal annual interest (1,72% APR) for the first 6 months up to €15,000. With the Welcome Savings Account (without payroll) you earn 1.75% nominal annual interest for the first three months (0,74% annual APR).

Neither the Welcome Savings Account with Payroll nor the Open Payroll Account have any costs or any opening, maintenance or closing fees. And there is no minimum time, which means you can withdraw your money and interest whenever you want without any charges or fees.

You can apply to open the Welcome Savings Account (without payroll) and the Open Payroll Account separately. If applying for each of the accounts separately, the applicable terms and conditions will be those when applying for each product individually.

We make it very easy for you. Call us on 91 177 33 37​​​​​​​, and our team of professionals will give you any assistance you require.

Open Discounts

Enjoy them paying with your Openbank cards

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