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 ...
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
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Openbank by Santander is offering up a 5.00% APY High Yield Savings ...
Do high-yield savings account rates change?
Yes, high-yield savings account rates do change. Competitive banks and credit unions have a tendency to adjust their interest rates based on the Federal Reserve’s rate moves. Unlike CD rates, which are locked for a set term, savings account yields tend to be variable, which means they could change at any time. A bank may decide to lower or raise savings account APYs for various reasons. It may increase its rate as part of a promotion to attract more deposits, or it may adjust rates in response to broader economic factors, such as changes to Federal Reserve monetary policy.
bankrate.com
bankrate.com › banking › savings
Best High-Yield Savings Accounts Of January 2026 - Up to 4.20% ...
What is the best high-yield savings account?
The best high-yield savings accounts in general pay high rates, have no (or few) fees and have convenient ways to withdraw money. Some even provide automatic savings features and other ways to make savings easier. Some of the best high-yield savings accounts this month include Vio Bank’s Online Savings Account, Jenius Bank’s high-yield savings account and Bask Bank’s Interest Savings Account.
bankrate.com
bankrate.com › banking › savings
Best High-Yield Savings Accounts Of January 2026 - Up to 4.20% ...
Are high-yield savings accounts safe?
High-yield savings accounts are safe if they’re offered at an FDIC-insured bank or a National Credit Union Administration (NCUA) credit union and within federal insurance limits and guidelines.
bankrate.com
bankrate.com › banking › savings
Best High-Yield Savings Accounts Of January 2026 - Up to 4.20% ...
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 - This is a variable-rate account and the rate applicable to your balance tier may change at any time without notice. Fees may reduce earnings. A minimum deposit of $500 is required to open a Openbank High Yield Savings account. Personal accounts only. **Rating from Bankrate.com as of December 10, 2024. Santander Bank, N.A.
Bankrate
bankrate.com › banking › savings
Best High-Yield Savings Accounts Of January 2026 - Up to 4.20% | Bankrate
1 day ago - Openbank is a new digital subsidiary of Santander Bank. Openbank offers just one account — an FDIC-insured savings account that has a top-notch annual percentage yield (APY). There are no monthly fees, which is typical of online banks, but there is a minimum opening deposit requirement of $500. ... There is no monthly maintenance fee. ... The minimum deposit of $500 is on the higher side compared to some other online savings accounts. See how rates for this account have changed over time.
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.
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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.
Santander Bank
santanderbank.com › personal › savings › savings
Santander Savings | Santander Bank - Santander
†Domestic ATMs are ATMs in the 50 United States, the District of Columbia, and Puerto Rico. ATM owner may charge a separate fee. ‡0.01% Annual Percentage Yield (APY) is available when you open a Santander® Savings account. This is a variable-rate account and the rate may change at any time.
Openbank
openbank.us › help-and-contact › what-is-a-high-yield-savings-account
What is a high-yield 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 ...
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 - 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 ...
Santander Bank
santanderbank.com › personal › savings
Personal Savings Accounts | Santander Bank - Santander
Grow your money faster, whether you’re saving for a rainy day or a nice vacation, with higher rates on higher balances. ... Discover an easy way to start growing your savings and the perfect partner to your Santander checking account. ... If you don't plan on tapping into your savings, then start earning interest on a fixed term with a guaranteed rate. ... Our handy tools and services can help you understand when and how to reach your goals faster. Tools & Services Auto Save to make recurring transfers from checking to savings Direct Deposit to split your deposit between checking and savings Set up alerts to manage your progress and stay on track Mobile check deposit to easily make check deposits at your convenience
MyBankTracker
mybanktracker.com › home › savings › reviews › santander savings account 2026 review
Santander Savings Account 2026 Review
1 week 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.
Santander Bank
santanderbank.com › private-client › savings
Santander Private Client Money Market Savings - Santander
Grow your money with exclusive rates on money market savings. Available only to Santander Private Client Checking clients.1,3,4 For current rate information, please speak with one of our experienced Relationship Bankers.
Santander US
santanderus.com › home › news/press articles › now available: verizon & santander bank partner to bring openbank’s digital banking experience to verizon customers
Now Available: Verizon & Santander Bank partner to bring Openbank’s digital banking experience to Verizon customers - Santander US
March 27, 2025 - Introducing Verizon + Openbank Savings: a digital high yield savings account with a rate 10 times the national average and the ability to save up to $180 a year on your Verizon bill.
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.
USA Today
usatoday.com › money › blueprint › banking › cds › santander-cd-rates
Santander CD rates of 2024
November 14, 2024 - Keep in mind that the national ... yields because many institutions make the strategic choice not to be competitive in this field. The FDIC calculates monthly national CD rates using an average of the $10,000 and $100,000 deposit product tiers. The data used is from S&P Capital IQ. If Santander Bank’s rates are similar or under the national average, you can probably find higher yields ...
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.
Openbank
openbank.us › home › resources › high-yield savings › what is a high yield savings account?
What is a High Yield Savings Account? | Openbank by Santander
February 1, 2025 - Pay close attention to the account fees, APY (annual percentage yield), and withdrawal restrictions when selecting a high yield savings account. The combination of low fees and a high APY is ideal, but you also want to ensure that you can withdraw your money when needed without being charged a fee. Here’s what to know: Interest rate: When considering a high yield savings account, pay close attention to the APY or annual percentage yield.
Investopedia
investopedia.com › high-yield-savings-accounts-4770633
Best High-Yield Savings Account Rates for January 2026: Earn 5.00% APY While You Still Can
1 day ago - Specialties include general financial planning, career development, lending, retirement, tax preparation, and credit. ... The best high-yield savings account rate is 5.00% APY, available from Varo Bank and AdelFi.
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 - Summary: Openbank is the online division of Santander, a bank founded in 1857 and based in Spain. Openbank launched in the U.S. in 2024 and currently offers FDIC-insured high-yield savings accounts. Currently, the high-yield savings account is Openbank’s only offering. However, the company’s press release at launch indicated it plans to roll out more products in the future. For now, the high-yield savings account is a solid option for customers seeking a high interest rate on their savings balance with minimal fees.
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 - ... There is a new high-yield savings account among the best nationwide: Brick-and-mortar bank Santander's new online portal Openbank is paying 5.25%—the second highest nationwide savings rate on our list today.
SmartAsset
smartasset.com › checking-account › cd-rates-santander
Santander CD Rates | SmartAsset.com
Most long-term CDs have higher interest rates, so you can expect to earn more interest if you choose a multi-year CD. However, you can expect good returns even if you can only afford to contribute the $500 minimum. The table below shows what your approximate total balance will be depending on your initial deposit and your term length. Save more with these rates that beat the National Average ... Santander...