Welcome Savings Account without fees

Welcome Savings Account
First three months 1,50% annual NIR and without fees (0,60% APR subject to conditions)

We welcome your savings with no fees. Exclusive for new customers

Promotional code: BIENVENIDA

Exclusive for new customers

Financial returns from day one

Obtain an annual NIR of 1,50%* during the first three months. (0,60%​​​​​​​ APR subject to conditions). 

Save flexibly

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

Your money always available

Withdraw what you need at any time.

No charges or fees

Open, maintain or close your savings account, free of charges or fees.

Receive interest on your savings from the first day

  • The first three months: Savings account for new customers at a nominal interest rate of 1,50% (0,60% APR).

  • From the fourth month, your Welcome Account becomes your  Openbank Savings Account with the following advantages:

    • An annual NIR of 0,05% ( 0,42%APR) with no conditions.

    • If you arrange to have your salary or pension of at least €600/month directly deposited, or to have three monthly or bimonthly bills directly debited, you will receive an annual NIR of 0,30% for the first €10.000 (0,60% APR) and a nominal interest rate of 0,20% for higher amounts (0,58% APR)

  • Receive the interest in your savings account each month free of charge.

An account that adjusts to your savings

  • Open your Openbank Savings Account from between €1 and €1,000,000.

  • 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.

No fees!

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

  • No minimum contract: there is no cancellation penalty.


*Examples of interest earned with a constant balance of €10,000 during the first year:
E.g. The first 3 months with an annual nominal 1,50% and the following 9 months, meeting the conditions, with an annual nominal interest rate of 0,30%. 0,60% APR. Gross interest of €60.00 a year.
E.g. The first 3 months with an annual nominal interest rate of 1,50% and the following 9 months, without meeting the conditions, with an annual nominal interest rate of 0,05%. 0,42% APR. Gross interest of €41.25 a year. 

**After the first 3 months and for amounts over 10,000 euros and up to 1,000,000 euros, you will receive a nominal interest rate of 0.30% (APR 0.30%) for the first 10,000€ and an annual interest rate of 0.20%(APR 0.20%) for the remaining amounts. For example, for an investment of 15,000 euros per year:

The first 3 months with an annual nominal interest rate of 1.50% and for the following 9 months meeting the conditions, with an annual nominal interest rate of  0.30%  the first 10,000€ and an annual NIR of 0.20% the remaining 5,000€. ( 0.58% APR ). Remuneration of €86.63 gross per year. 

The first 3 months with an annual nominal interest rate of 1.50% and for the following 9 months without meeting the conditions, with an annual nominal interest rate of  0.05% (0,42% APR). Remuneration of €61.88 gross per year. 

 

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.

Open Discounts

Enjoy them paying with your Openbank cards

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