SmartAsset
smartasset.com › checking-account › santander-bank-banking-review
Santander Bank Review | SmartAsset.com
Santander Bank has some solid offerings, although they tend to be the higher-end Premier accounts. These accounts require high account balances and relationship accounts to earn at the highest interest rates possible. You’ll also have access to a personal and professional banker at all times. Otherwise, you’ll be subjected to some of the industry’s lowest-earning interest rates. Save more with these rates that beat the National Average
MyBankTracker
mybanktracker.com › home › savings › reviews › santander savings account 2026 review
Santander Savings Account 2026 Review
2 days ago - Santander Bank doesn’t offer a great interest rate, but it is on par with the rates offered by other brick and mortar banks. If you want to earn the best rates possible, you’ll want to look into an online savings account. ... Simply put, online banks don’t pay the cost of running branches. So, fewer expenses for the online bank means higher savings rates for customers.
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Openbank by Santander is offering up a 5.00% APY High Yield Savings ...
What is a high yields savings account?
High-yield savings accounts are interest-bearing savings accounts that can offer higher interest rates than the national average of standard savings accounts. They’re also FDIC-insured, if held at a member institution.
Openbank is a part of Santander Bank, N.A., which is a member institution of FDIC. As a result, our High Yield Savings accounts are FDIC insured up to the standard maximum deposit insurance amount of $250,000 per depositor, per ownership category. Deposits at Santander Bank and its Openbank division are combined for FDIC purposes and are not separately insured. For more informa
openbank.us
openbank.us › banking › high-yield savings account
High Yield Savings Account | 4.20% Annual Percentage Yield
How do I open a High Yield Savings account?
Visit openbank.us and select Open savings account on the home page. You can also open an account using Openbank’s mobile banking app, which is available for free on the App Store or Google Play.
To open an account, you’ll need to:
Make a minimum initial deposit of $500
Be at least 18 years old
Have a U.S. mobile phone number
Download the Openbank app onto a smartphone, which will become your trusted mobile device
Be a U.S. Citizen or a U.S. Resident Alien with a valid residential address within our current service area (which is every state in the U.S. and the District of Columbia)
openbank.us
openbank.us › banking › high-yield savings account
High Yield Savings Account | 4.20% Annual Percentage Yield
Who's eligible to apply for a High Yield Savings account at Openbank?
In order to qualify:
You must be at least 18 years old
You must have an active U.S. mobile phone number
You must have a smartphone on which you can download and use the Openbank app – you'll be prompted to set this up as your trusted mobile device
You must be a U.S. Citizen or U.S. Resident Alien with a valid U.S. residential address
Your home ZIP Code must be within Openbank’s current service area, which is every state in the U.S. and the District of Columbia
openbank.us
openbank.us › banking › high-yield savings account
High Yield Savings Account | 4.20% Annual Percentage Yield
Reddit
reddit.com › r/banking › does anyone have experience with openbank by santander
r/Banking on Reddit: Does anyone have experience with Openbank by Santander
October 11, 2024 -
Openbank by Santander (FDIC Cert #29950) https://www.openbank.us/ has a high yield savings account which as of today has a 5.25% APR. Santander is a bank Spanish bank but I only stumbled upon Openbank today. Openbank in Spain from Santander https://www.openbank.es/ appears to be a full-service (online) bank.
Has anyone had experience using Openbank (US) for a HYSA?
Openbank's only current product appears to be its HYSA (no CDs or other types of bank accounts). According to the website is does business in every state in the US except for Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, and Rhode Island where Santander has physical branches. (You can't have both an account at a Santander branch and Openbank.)
Openbank has a customer service telephone number buried deep in their website, but you can't speak with anyone unless you have already opened an account online.
Top answer 1 of 5
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Open bank is as a bad as it gets. If you want a good HYSA, there are a few options out there. CIT Bank - I think this is the best option because it gives 4.35% APY on amounts above $5000. And you can even get started with as little as $100. Barclays Savings - I would say this is the second best because it gives 4.25% APY and even 4.50% on amounts above $250K. Discover Online Savings - The APY is low, 3.75%. The best part is that it has no fees or minimum opening deposit.
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I've long experience with Santander Banking Group in numerous countries and they're huge and very profitable. They have pretty decent security and support in their direct operation, not so much in merged and takeover operations. Openbank is a low-cost entry product for Santander's USA operation designed to capture some of the lucrative HYSA market. It requires a USA residential address outside their current footprint plus a USA registered mobile number. Basically you would use it as a HYSA in conjunction with an existing feeder account at another USA bank or credit union.
Forbes Advisor
forbes.com › advisor › banking › openbank-review
Openbank By Santander Review 2026 – Forbes Advisor
Openbank By Santander
Openbank, a division of Santander Bank, N.A., currently offers only one banking product: a high-yield savings account that earns an impressive rate of annual percentage yield (APY) and has no monthly fees. At Openbank, you won't find a wide range of products like you would at other popular digit Openbank, a division of Santander Bank, N.A., currently offers only one banking product: a high-yield savings account that earns an impressive rate of 4.20% annual percentage yield (APY) and has no monthly fees.
Openbank
openbank.us › banking › high-yield savings account
High Yield Savings Account | 4.20% Annual Percentage Yield
High-yield savings accounts are interest-bearing savings accounts that can offer higher interest rates than the national average of standard savings accounts. They’re also FDIC-insured, if held at a member institution. Openbank is a part of Santander Bank, N.A., which is a member institution of FDIC.
Join Kudos
joinkudos.com › blog › open-bank-by-santander-savings-account-review-2025
Open Bank by Santander Savings Account Review (2025)
A division of Santander Bank, Open Bank offers an online high-yield savings account that's been gaining attention in the digital banking space. This comprehensive review will help you understand if this savings account aligns with your financial goals. ... The Open Bank savings account is a digital banking product offered by Santander Bank's online division. It features competitive interest rates and minimal fees, making it an attractive option for savers looking to maximize their returns.
SuperMoney
supermoney.com › home › banking › savings accounts › santander bank savings account
Santander Bank Savings Account Reviews (2025) - SuperMoney
Is Santander Bank Savings Account right for you? Discover its key features and pros & cons before you decide.
Bankrate
bankrate.com › banking › reviews
Santander Bank Review 2025 | Bankrate
November 4, 2020 - Only $25 is needed to open the Santander Savings Account. Low monthly fee of $1 (which can be waived). The savings account pays basically no interest. The interest rate on this account is very low. Check out Bankrate's picks for the best high-yield savings accounts to find better rates.
Yahoo! Finance
finance.yahoo.com › personal finance › banking
Openbank review (2025): Earn one of the top HYSA rates with this online bank
May 21, 2025 - Openbank is the online division of Santander, N.A. Openbank first launched in 2017 in Europe. Yes, Openbank’s high-yield savings account is safe. Openbank is a division of Santander, a European bank that has been in business for 167 years. Openbank savings accounts in the U.S.
Santander US
santanderus.com › home › news/press articles › santander goes national in the united states with openbank, bringing high yield savings opportunities to more americans
Santander Goes National in the United States with Openbank, Bringing High Yield Savings Opportunities to More Americans - Santander US
December 10, 2024 - Santander US’s research shows that 6 in 10 middle-income Americans have not taken action to benefit from higher yields available. Consumers have been reluctant to act on higher interest rates because of commonly held misperceptions, such as that opening an account is overly burdensome, time-consuming, and not worth it.
SuperMoney
supermoney.com › reviews › money-market-accounts › santander-bank-money-market
Santander Bank Money Market Savings Account Reviews (2025) - SuperMoney
Is Santander Bank Money Market Savings Account right for you? Discover its key features and pros & cons before you decide.
Yahoo! Finance
finance.yahoo.com › personal finance › banking
Openbank launched a high-yield savings account with 5.25% APY. Do you qualify?
October 10, 2024 - Just a few months ago, you could find dozens of high-yield savings accounts that paid 5% APY or higher. Now, rates this high are rare. However, you aren’t out of luck if you’re looking to earn 5% or more on your savings account balance. Openbank (a digital banking division of Santander Bank) currently offers a high-yield savings account with 5.25% APY and no fees or minimum balance requirements.
NerdWallet
nerdwallet.com › back to nerdwallet homepage › banking › santander bank review 2025: checking, savings and cds
Santander Bank Review: Checking, Savings and CDs - NerdWallet
Openbank, by Santander Bank, N.A.
Santander Bank has thousands of ATMs and hundreds of branches mostly across the Northeast. It charges monthly fees for its checking accounts, but those fees are easy to waive. Customers nationwide can open an online savings account that pays a strong rate and has no monthly fee. Best for: Those who want ATM and branch access in the Northeast, or those who are looking for a high-yield ... Santander Bank is a full service bank with options for basic checking, savings and CDs. But its savings rates are low and its overdraft fees are costly.
NerdWallet
nerdwallet.com › home › banking › reviews › openbank review: savings
Openbank Review: Savings - NerdWallet
Openbank, by Santander Bank, N.A.
Support is not available for Openbank customers at Santander branches, which is a standard arrangement for traditional banks with online divisions. Best for: Savers looking for a no-frills place to save money online at a high rate. » Find more high-rate options with NerdWallet’s best high-yield ... Openbank is Santander Bank’s online-only banking division with a high-yield savings account available nationwide.
Deposit Accounts
depositaccounts.com › home › banks › santander bank n.a.
Santander Bank N.A. Reviews and Rates
We are not Santander Bank N.A.; we are a rate comparison website and cannot provide official rates or promotions. * The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts. The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters. ... The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region.
Address 75 State St., 02109, Boston
Best Money
bestmoney.com › online-banking › reviews › openbank-high-yield-savings-account
Is Openbank Right for You? Find Out With Our Review
4 weeks ago - An Openbank High Yield Savings ... up to 4.20% APY. The Openbank High Yield Savings Account is a great option for customers who want an online account that comes with no hidden fees and a high interest rate. Offering an easy way to save......
Business Insider
businessinsider.com › personal finance › banking › savings › best high-yield savings accounts: top online savings accounts and interest rates of 2025
Best High-Yield Savings Accounts: Top Online Savings Accounts and Interest Rates of 2025
October 24, 2025 - Its parent bank, Santander Bank, has an A+ rating from the BBB. Neither Openbank nor Santander Bank have recent controversies. The current top high-yield savings account rate is from the Community Financial Credit Union High Yield Savings Account, ...
Business Insider
businessinsider.com › personal finance › banking › savings › santander bank review
Santander Bank Review
December 27, 2024 - Santander Bank could be a good fit if you want a brick-and-mortar bank with low monthly fees. For more competitive savings rates, though, consider one of the best high-yield savings accounts with an online bank.
Investopedia
investopedia.com › todays-best-savings-accounts-include-new-bank-paying-5-25-percent-8735683
Today's Best Savings Accounts Include a New Bank Paying 5.25%
October 28, 2024 - New to our daily ranking of the best high-yield savings accounts is Openbank. Launched as a new online operation of Santander Bank, Openbank is paying 5.25% APY, which is the runner-up nationwide rate.
Openbank
openbank.us › help-and-contact › what-fees-are-associated-with-an-openbank-high-yield-savings-account
High Yield Savings Account Fees | Openbank by Santander
See our Personal Deposit Account Fee Schedule to review the fee schedule for High Yield Savings accounts at Openbank.