Get 4.40% APY2 on your savings account and up to $180 off3 your wireless bill4
Open a high yield savings account with Openbank
and get credit towards your wireless bill for up to
12 months. Only for customers.
Watch your money grow
So many reasons to start today
10
x5
National savings average
Watch your money
grow faster.
24/7 access
The Openbank mobile app
makes it easy
to manage
your account.
FDIC insured
Your Openbank account is
FDIC-insured
by the federal
government.
Bank fees? Nope
With no hidden charges or
monthly
service fees, you keep
what you earn.
Open your savings account in just 5 minutes
1
Enter your info
Follow the link to get started and
complete the application.
complete the application.
2
Download the app
After applying, download the
Openbank app and sign in.
Openbank app and sign in.
3
Drop your money in
Deposit and maintain a minimum
balance of $1,000 to earn
bill
credits for the first 12 months.
balance of $1,000 to earn
bill
credits for the first 12 months.
Your money is safe here
Openbank is a division of Santander Bank, N.A. Member FDIC. and its affiliates are not FDIC insured
institutions. All deposits are held at Santander Bank, N.A. Deposits at Santander Bank, N.A. and its Openbank
division are combined for FDIC insurance purposes (FDIC Cert. 29950) and are not separately insured. There is a
maximum of $250,000 of deposit insurance from the FDIC per depositor for each category of account ownership.
Please visit FDIC.gov for details. is not a chartered banking institution and is not insured by FDIC.
Have questions? We’ve got answers.
What is a High Yield Savings account?
A high-yield savings account is a savings account that offers a higher interest rate than a regular savings account. The interest earned is calculated as an annual percentage yield (APY).
What is Openbank?
Openbank is a division of Santander Bank, N.A., one of the nation's largest banks by assets. Openbank combines the best of digital banking innovation with the stability and security of a large national bank to deliver a seamless and powerful digital banking experience.
What are the benefits of opening an account through + Openbank Savings?
When you open a high-yield savings account through + Openbank Savings, you're getting a top-tier rate and an FDIC insured savings account. Plus, you may receive exclusive Bill Credit(s) on your monthly mobile bill. The Bill Credit stacks on top of what you may earn today with ’s Auto Pay discounts.
How do I apply for a high-yield savings account with Openbank?
You can open an account by first visiting the + Openbank Savings page. Click the "Get Started" button above to log in and verify that you are a mobile customer first. Then follow the instructions provided to complete your application.
What do I need to apply for a high-yield savings account through + Openbank Savings?
You'll need an existing mobile account with up to 12 phone lines maximum (depending on your plan), 5G Home Internet or LTE Home Internet to be eligible to apply for the + Openbank Savings account. Prepaid, mobile Business, Fios and Fios Business accounts are not eligible for + Openbank Savings.
You'll also need to be at least 18 years old, a U.S. Citizen or U.S. Resident Alien with a U.S. residential address and mobile phone number, and have a mobile phone or tablet on which you can install the Openbank app.
What is the Bill Credit(s)? Is there a minimum balance requirement? What happens if I go below the minimum balance?
Yes, there is a minimum balance requirement of $500 to open a high-yield savings account with Openbank. In order to receive the monthly Bill Credit, you will need a monthly average daily minimum balance of $1,000 in your account. If your monthly average daily balance falls below this amount you will not be eligible for the Bill Credit.
The Bill Credit is based on the monthly average daily balance of your High Yield Savings account and can range between $5, $10 or $15 a month according to the following:
- Get up to $60/year ($5/month) in Bill Credits if your average account balance is between $1,000 and $9,999.99. Offer valid for up to 12 consecutive months from the date you open the account.
- Get up to $120/year ($10/month) in Bill Credits if your average account balance is between $10,000 and $29,999.99. Offer valid for up to 12 consecutive months from the date you open the account.
- Get up to $180/year ($15/month) in Bill Credits if your balance is $30,000 or more. Offer valid for up to 12 consecutive months from the date you open the account.
How do I manage my account with Openbank? (Is there an app?)
Openbank is a fully digital bank, which means that all account management – including tracking your balance, transferring funds, and viewing account activity – happens exclusively on the Openbank app or online at .
Can I access + Openbank Savings at ATMs and make withdrawals?
No, not at this time. High-yield savings accounts at Openbank do not currently offer debit cards. In order to make withdrawals, you’ll need to link your account at Openbank to an account at another institution (to set this up, you'll need the account number and routing number for your other bank account).
1. + Openbank Savings is offered exclusively by Openbank, a division of Santander Bank, N.A., and is not
managed, housed, or controlled by . Santander Bank, N.A., offering your account through its Openbank
division, is
a Federal Deposit Insurance Corporation (“FDIC”) insured institution. Deposits at Santander Bank, N.A. and its
Openbank
division are combined for FDIC insurance purposes (FDIC Cert. 29950) and are not separately insured. There is a
maximum
of $250,000 of deposit insurance from the FDIC per depositor for each category of account ownership. Please visit
fdic.gov for details. is not a chartered banking institution and is not insured by FDIC.
The Openbank high yield savings account is a variable-rate account and the rate applicable may change at any time without notice. Availability for this product will be based on the residential zip code entered when account is opened within the online application process. Offer subject to change or cancellation at any time without notice. All account applications are subject to approval by Openbank.
2. Interest Rates and Annual Percentage Yields (APYs) shown are accurate and effective as of 3/6/25. The products and rates we offer may vary between locations, are available in select markets only, and are subject to change without notice. This is a variable-rate account and the rate may change at any time without notice. A minimum opening deposit of $500 is required to open a + Openbank Savings account. Personal accounts only. For more information about applicable terms, refer to the Openbank Personal Deposit Account Agreement and Addendum.
3. To get $180 in + Openbank Bill Credits your account must have an Openbank high yield savings account opened through the + Openbank Savings program that maintains a monthly average daily balance equal to or greater than $30,000 for all 12 months you are eligible to earn the + Openbank Bill Credit.
4. + Openbank Bill Credit Eligibility and Calculation: Eligible customers must have a mobile telephone number associated with a post-paid consumer wireless account offered by within the United States (the “ Account”). To receive a credit on your bill (the “ + Openbank Bill Credit”), you must submit an application for an Openbank high yield savings account (the “Deposit Account”) using the application link provided on ’s website or mobile app. The amount of the + Openbank Bill Credit will be determined as follows:
· $5 per month for an average Deposit Account balance between $1,000 and $9,999.99 for up to 12 consecutive months from the date your Deposit Account is opened;
· $10 per month for an average Deposit Account balance between $10,000 and $29,999.99 for up to 12 consecutive months from the date your Deposit Account is opened; and
· $15 per month for an average Deposit Account balance equal to or greater than $30,000 for up to 12 consecutive months from the date your Deposit Account is opened.
The monthly average Deposit Account balance will be calculated on your Deposit Account statement date (once every month) and is mathematically derived as a daily average. If you do not maintain a qualifying Deposit Account balance in any given month, you will not receive a + Openbank Bill Credit for that month, but there will be no impact on your customer status or interest rate with Openbank. You may not be eligible for a + Openbank Bill Credit after 12 months from the date your Deposit Account is opened. If your Deposit Account or Account closes for any reason, or if the mobile telephone number associated with your Account is terminated, you will not be eligible for a full or partial + Openbank Bill Credit for that month or any future month.
Multiple Accounts: If you have more than one Deposit Account, you are only eligible to receive a + Openbank Bill Credit as to the first Deposit Account you open. If other individuals on your Account also maintain Deposit Accounts, the + Openbank Bill Credit will be applied only as to the first two individuals to open a Deposit Account. In any event, a maximum of two + Openbank Bill Credits may be applied to any Account. The maximum + Openbank Bill Credit obtainable is with two (2) accounts, each with minimum $30,000 average balances, resulting in a combined bill credit of $30 monthly, totaling $360 over 12 months.
+ Openbank Bill Credit Application: If you qualify for a + Openbank Bill Credit, the + Openbank Bill Credit will be applied to your bill beginning within 2-3 bill cycles following the issuance of your initial Deposit Account statement. is solely responsible for applying the + Openbank Bill Credit based on Deposit Account balance information provided by Openbank.
5. The APY comparison is based upon the national average for ‘Savings’ deposit products as published in the FDIC National Rates and Rate Caps on FDIC.gov of 0.41%, accurate as of 3/17/25.
©2025 Santander Bank, N.A. All rights reserved. Openbank is a division of Santander Bank, N.A. Openbank, Santander, and the Flame logo are trademarks of Banco Santander, S.A. or its subsidiaries in the United States or other countries. All other trademarks are the property of their respective owners."
The Openbank high yield savings account is a variable-rate account and the rate applicable may change at any time without notice. Availability for this product will be based on the residential zip code entered when account is opened within the online application process. Offer subject to change or cancellation at any time without notice. All account applications are subject to approval by Openbank.
2. Interest Rates and Annual Percentage Yields (APYs) shown are accurate and effective as of 3/6/25. The products and rates we offer may vary between locations, are available in select markets only, and are subject to change without notice. This is a variable-rate account and the rate may change at any time without notice. A minimum opening deposit of $500 is required to open a + Openbank Savings account. Personal accounts only. For more information about applicable terms, refer to the Openbank Personal Deposit Account Agreement and Addendum.
3. To get $180 in + Openbank Bill Credits your account must have an Openbank high yield savings account opened through the + Openbank Savings program that maintains a monthly average daily balance equal to or greater than $30,000 for all 12 months you are eligible to earn the + Openbank Bill Credit.
4. + Openbank Bill Credit Eligibility and Calculation: Eligible customers must have a mobile telephone number associated with a post-paid consumer wireless account offered by within the United States (the “ Account”). To receive a credit on your bill (the “ + Openbank Bill Credit”), you must submit an application for an Openbank high yield savings account (the “Deposit Account”) using the application link provided on ’s website or mobile app. The amount of the + Openbank Bill Credit will be determined as follows:
· $5 per month for an average Deposit Account balance between $1,000 and $9,999.99 for up to 12 consecutive months from the date your Deposit Account is opened;
· $10 per month for an average Deposit Account balance between $10,000 and $29,999.99 for up to 12 consecutive months from the date your Deposit Account is opened; and
· $15 per month for an average Deposit Account balance equal to or greater than $30,000 for up to 12 consecutive months from the date your Deposit Account is opened.
The monthly average Deposit Account balance will be calculated on your Deposit Account statement date (once every month) and is mathematically derived as a daily average. If you do not maintain a qualifying Deposit Account balance in any given month, you will not receive a + Openbank Bill Credit for that month, but there will be no impact on your customer status or interest rate with Openbank. You may not be eligible for a + Openbank Bill Credit after 12 months from the date your Deposit Account is opened. If your Deposit Account or Account closes for any reason, or if the mobile telephone number associated with your Account is terminated, you will not be eligible for a full or partial + Openbank Bill Credit for that month or any future month.
Multiple Accounts: If you have more than one Deposit Account, you are only eligible to receive a + Openbank Bill Credit as to the first Deposit Account you open. If other individuals on your Account also maintain Deposit Accounts, the + Openbank Bill Credit will be applied only as to the first two individuals to open a Deposit Account. In any event, a maximum of two + Openbank Bill Credits may be applied to any Account. The maximum + Openbank Bill Credit obtainable is with two (2) accounts, each with minimum $30,000 average balances, resulting in a combined bill credit of $30 monthly, totaling $360 over 12 months.
+ Openbank Bill Credit Application: If you qualify for a + Openbank Bill Credit, the + Openbank Bill Credit will be applied to your bill beginning within 2-3 bill cycles following the issuance of your initial Deposit Account statement. is solely responsible for applying the + Openbank Bill Credit based on Deposit Account balance information provided by Openbank.
5. The APY comparison is based upon the national average for ‘Savings’ deposit products as published in the FDIC National Rates and Rate Caps on FDIC.gov of 0.41%, accurate as of 3/17/25.
©2025 Santander Bank, N.A. All rights reserved. Openbank is a division of Santander Bank, N.A. Openbank, Santander, and the Flame logo are trademarks of Banco Santander, S.A. or its subsidiaries in the United States or other countries. All other trademarks are the property of their respective owners."