Welcome Savings Account without fees

Welcome Savings Account
 

We welcome your savings with no fees.

Promotional code: BIENVENIDA

Open your account

Financial returns from day one

Earn interest at 1.00%* annual NIR for the first six months. (0.60% APR) from €1 to €5,000 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, with no charges or fees.

Earn interest on your savings from day one

  • The first six months: Savings account for new customers at a nominal interest rate of 1.00%(0.60% APR).

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

    • If you arrange a direct deposit for your salary or pension of at least €600/month, or set up direct debits for three monthly or bimonthly bills, you will earn interest at an annual NIR of 0.20% (0.20% APR).

    • If you don't meet the conditions, you will earn interest at an annual NIR of 0.05% (0.05% 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 by depositing 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 balance of €5,000 maintained in the first year if you arrange to have your salary or pension of at least €600/month paid directly into the account, or set up a direct debit for three monthly or bimonthly bills.

- If contitions are met: the first 6 months at 1% annual NIR and 0.20% annual NIR for the following 6 months (0.60% APR) = gross interest of €30 per year.

- If contitions aren't met: the first 6 months at 1% annual NIR and 0.05% annual NIR for the following 6 months (0.60% APR) = gross interest of €26.25 per year.

The maximum amount to earn interest on in the Welcome Savings Account will be €5,000.

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

Get discounts paying with your Openbank cards