santander usa savings account interest rate

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santanderus.com › home › news/press articles › now is the time to prioritize saving, but americans are not using accounts that accelerate progress, santander survey finds

Now Is the Time to Prioritize Saving, But Americans Are Not Using Accounts That Accelerate Progress, Santander Survey Finds - Santander US

August 8, 2025 - As a result, of those who know the interest rate on their primary savings account, 45% are earning at least a 3.00% Annual Percentage Yield (APY), up from 40% at the start of the year.

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 - Openbank’s high yield savings account features an attractive Annual Percentage Yield (APY) of 5.00%*, no fees, low minimum deposits, and an exceptional customer experience with frictionless account opening that takes less than four minutes.

People also ask

Is Santander a trustworthy bank?

Santander Bank, formerly Sovereign Bank, has been in business since 1902. It is part of Santander Group, a multinational financial services company based in Spain. The bank is insured by the Federal Deposit Insurance Corp.

usatoday.com

usatoday.com › money › blueprint › banking › cds › santander-cd-rates

Santander CD rates of 2025 - USA TODAY

Are Santander CD accounts available in all states?

Santander CDs are available in the nine states where the bank has physical branches. If you want to open an account, you must visit a local branch and apply in person.

usatoday.com

usatoday.com › money › blueprint › banking › cds › santander-cd-rates

Santander CD rates of 2025 - USA TODAY

Is there an early withdrawal penalty for Santander CDs?

Depending on the CD term, an early withdrawal may cost you anywhere from three to 12 months of interest on the amount withdrawn.

usatoday.com

usatoday.com › money › blueprint › banking › cds › santander-cd-rates

Santander CD rates of 2025 - USA TODAY

SmartAsset

smartasset.com › checking-account › santander-bank-banking-review

Santander Bank Review | SmartAsset.com

It’s also important to note that the monthly interest rates are only locked in for six months. After that, the rate is subject to change and most of the time, that rate is lower. To keep the same rate, you may have to deposit an additional $10,000 into the account. This money market account also includes an Auto Save feature to help make saving more automatic and convenient by making recurring transfers from your checking account.

USA Today

usatoday.com › money › blueprint › banking › cds › santander-cd-rates

Santander CD rates of 2025 - USA TODAY

November 14, 2024 - Compare Santander's different CD terms and interest rates to find the best savings option for you.

Santander Bank

santanderbank.com › personal › savings › savings

Santander Savings | Santander Bank - Santander

Santander® Money Market Savings, Santander Select® Money Market Savings, and Santander® Private Client Money Market Savings accounts can only be opened online in conjunction with an online checking account opening. Certificates of Deposit and Individual Retirement Accounts can only be opened in branch. To open an account, you will need: ... As long as you have everything you need, applying for a savings account online should only take 15 minutes. You will begin to earn interest as soon as the funds in the account are available in the bank.

Santander US

santanderus.com › home › news/press articles › most americans missing out on earning higher interest on savings, santander bank survey finds

Most Americans Missing Out on Earning Higher Interest on Savings, Santander Bank Survey Finds - Santander US

May 8, 2024 - The Santander Bank GPS Tracker revealed that higher-rate savings accounts including high-yield savings accounts, money market accounts and certificate of deposits (“CDs”) are each being used by less than 20% of the survey participants. A general lack of financial knowledge is contributing to the low use of savings accounts that earn more interest, with only 18% of Americans rating themselves as being proficient or an expert on their finances.

Santander Bank

santanderbank.com › pages › personal › select-rates

Santander® Select Money Market Savings | Santander Bank - Santander

Interest accrues daily and is credited to your account monthly. ... Branches across the Northeast and in Miami, Florida, plus 2,000+ ATMs. ... Log in to Online Banking for a more seamless experience. ... *Rates are available for new money market customers only. This is a variable-rate account and the rate applicable to your balance tier may change at any time without notice. Rate is available when account is opened or located in a Santander location within the ZIP code entered.

NerdWallet

nerdwallet.com › back to nerdwallet homepage › banking › best › best high-yield savings accounts for january 2026: up to 4.35%

Best High-Yield Savings Accounts for January 2026: Up to 4.35% - NerdWallet

12 hours ago - Today's best rates on accounts with no minimum deposit requirements include Newtek Bank savings (4.35%), Axos Bank savings (4.31%) and more. The national average rate is just 0.39%. Read More · High-yield savings accounts — also called ...

Openbank High Yield Savings

$500.00

Western Alliance Bank High-Yield Savings - Powered by Raisin

$1.00

CIT Bank Platinum Savings

$5,000.00

Santander Bank

santanderbank.com › documents › 330001 › 9686542 › Personal+Banking+Brochure.pdf pdf

Santander Checking Accounts Santander® Select Checking

solutions for individual savers. Santander® Select Money Market Savings · A Money Market Savings account with better rates and · no Monthly Fee. Only available to Select clients. Santander® Money Market Savings · A Money Market Savings account that earns a higher · interest rate with balances of $10,000 and above.

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Bankrate

bankrate.com › banking › reviews

Santander Bank Review 2025 | Bankrate

November 4, 2020 - The bank’s branch footprint has ... the Santander Savings Account. Low monthly fee of $1 (which can be waived). The savings account pays basically no interest....

Santander Bank

santanderbank.com › business › banking › checking-savings › money-market-savings

Small Business Money Market Savings | Santander Bank - Santander

Earn more on what you save, thanks to an attractive interest rate. Plus, enjoy the flexibility to access your funds when you need them. ... Receive a competitive interest rate on your excess cash. Use the account as overdraft protection for your business checking account. Make up to six electronic transfers and withdrawals each service fee period.2 · Waive the $10 Monthly Fee with an eligible Santander ...

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.

Santander Bank

santanderbank.com › personal › savings

Personal Savings Accounts | Santander Bank - Santander

Our interest-bearing CDs, money market savings, and savings accounts are fit for your short- and long-term goals. Let us help you get started. ... Enjoy better rates and benefits with your Santander Select relationship*. Exclusively available to Santander Select® Checking account holders.

Santander Bank

santanderbank.com › personal › banking › savings › how-do-savings-accounts-work

How Do Savings Accounts Work? | Santander Bank - Santander

This percentage varies depending on what savings account you have, and may also be influenced by factors such as your average daily balance, what other accounts you have with the bank, and where you live. Your rate can also change at the bank’s discretion. Interest is calculated on your account each day, and if you have a savings account with Santander Bank, credited to your account each month.

U.S. News

usnews.com › home › money › banking

Santander Bank Review | U.S. News

November 21, 2024 - No minimum balance requirement when you have any personal Santander checking account ... U.S. News Rating ... Min. Balance to Earn APY ... Min. Balance to Earn APY ... U.S. News Rating ... Certificates of deposit allow Santander customers to earn more competitive interest rates on their savings, which come with the following features:

GOBankingRates

gobankingrates.com › cd rates › santander cd rates and features for 2026

Santander CD Rates: January 2026 Update | GOBankingRates

1 week ago - Santander Bank offers savers in nine states competitive rates on its certificates of deposit (CDs). Read on to explore everything you need to know about Santander CD rates to help you decide if it's the right fit for your situation. Current Santander CD Rates: January 2026 Here are the Santander ...

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.