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.
At Openbank, you won’t find a wide range of products like you would at other popular digital banks, but if you’re solely looking to earn a high rate on your savings and are comfortable with online-only banking, it’s worth considering.
Openbank has no physical locations or ATM network, so it’s best for individuals who don’t need everyday access to their savings.
Rates and details accurate as of 08/26/2025 for Openbank by Santander High Yield Savings.
Here’s everything you need to know about Openbank.
