Introducing Openbank
Openbank is a new, digital banking platform launched by Santander Bank, N.A., whose initial offering brings high-yield savings opportunities to more Americans. The high-yield savings account features a competitive Annual Percentage Yield of 5.00%*, no fees, a low minimum deposit, and best-in-class customer experience through an agile, simple, and secure technology platform. It was built by the global banking powerhouse Santander, and its legacy of strength and stability. .
Why Openbank?
As interest rates have increased, too many people missed out on the opportunity to grow their savings. We launched Openbank to help people grow their hard-earned savings in a simple and convenient way. It is the first time Santander will bring together all its state of the art, proprietary technology into one stack, providing a fresh digital banking opportunity for eligible US customers.
Why bank with us?
- Top Rates: Enjoy a competitive Annual Percentage Yield of 5.00%.
- 24/7 Support: We’re here for you anytime.
- Quick Setup: Onboard a new account in less than 4 minutes.
- No Fees, Low Minimum: Start with just $500.
- Smooth Banking: Easy, secure online banking.
- FDIC Insured: Your money is safe ($250k per category, per depositor).**
- Santander Strong: As a division of Santander Bank in the US, Openbank is affiliated with the worldwide Banco Santander group, and its global strength (G-SIB, CCAR).
Openbank High Yield Savings is currently unavailable to individuals who reside in CT, DE, MA, NH, NJ, NY, PA, or RI, and to Santander Bank customers with: (1) a deposit account(s) opened in these states or FL, or (2) a lending account.