Attention Verizon Customers

To take advantage of this special offer, you must enroll through your Verizon account. To get started, please click here to sign into your existing Verizon account. Not a Verizon customer? You can open an Openbank account and learn about the benefits here.

LIMITED-TIME OFFER — EXCLUSIVELY FOR NEW CUSTOMERS

Give your savings a boost — earn up to 4.35% APY with Verizon + Openbank Savings1

Earn a 0.35% APY boost for 6 months on top of your standard variable APY, plus up to $180 off2 your wireless bill3

  • Available exclusively to Verizon customers
  • Save more with an APY Boost on a new Openbank High Yield Savings account
  • Up to 12 months of Verizon wireless bill credits
Get started

Follow these 3 easy steps to get started

Open

Open a Verizon + Openbank Savings account.
Get started now

Fund

Add funds to your new account to maximize your earnings. The more you add, the more you’ll earn!

Earn

You’ll earn a 0.35% APY boost on your savings for 6 months — even if our standard variable APY changes during this time.1

Together means more.

With this exciting partnership, Verizon and Openbank have come together to help you:

  • Earn more — with a top-tier APY
  • Save more — with the ability to get up to $180 in Verizon Bill Credits in your first year
  • Feel secure — enjoy the peace of mind that comes with being FDIC insured up to $250,000

There's so much to feel great about with a Verizon + Openbank savings account

FDIC insured

No fees

24/7 access to your account

Industry-leading security

Already a Verizon + Openbank Savings customer? 

Sign in to online banking or download the Openbank mobile app to get started.

Sign in

Common questions about Verizon + Openbank Savings

Customers who participate in Verizon + Openbank Savings and meet the qualifications for a high-yield savings account at Openbank may receive exclusive Verizon + Openbank Bill Credit(s) on their monthly Verizon mobile bill. The Verizon Bill Credit amount is based on the account’s monthly average daily balance. Up to 2 Verizon Bill Credits can be earned per Verizon mobile account through this offer, for up to 12 consecutive months.

Note Verizon Bill Credits stack on top of what customers may already earn through Verizon’s Auto Pay discounts. See more details here.

To be eligible for the Verizon + Openbank Savings offer, you must meet both the Verizon requirements and the Openbank requirements below.

  • Verizon requirements:

    • To be eligible to apply for the Verizon + Openbank Savings offer and receive the Verizon Bill Credit, you must have a Verizon mobile Postpaid account with up to 12 phone lines maximum (depending on your plan) or a 5G Home Internet or LTE Home Internet
    • Customers with a Verizon Prepaid account or Verizon mobile Business account aren’t eligible to apply for Verizon + Openbank Savings
    • Customers with Verizon Fios and Fios Business accounts are also not eligible to apply for Verizon + Openbank Savings
    • To be eligible, applicants must begin by signing in to their Verizon account here and follow instructions for each step of the Verizon + Openbank Savings account application process

  • Openbank requirements:

    • For complete eligibility rules for high-yield savings accounts at Openbank, click here
    • Please note: if you already have an existing High Yield Savings account at Openbank, you are not required to close that account if you also wish to participate in Verizon + Openbank Savings

For details on eligibility for the bill credit, see details explained below in"What bill credits can I receive on my Verizon mobile bill with the Verizon + Openbank Savings offer?"

There are a few ways for current Verizon customers to participate in Verizon + Openbank Savings. Customers with Verizon mobile accounts of up to 12 phone lines maximum (depending on your plan) or a 5G Home Internet or LTE Home Internet account can apply by:

  • Visiting the Verizon + Openbank Savings page on Verizon’s website or mobile app and, from there, following directions to get started.
  • Opening their My Verizon app. On the Account menu, scroll down to the Discover more section and look for the Verizon + Openbank Savings offer tile ad. Click on the tile and you will be taken to Verizon’s mobile landing page to learn more and apply.

Please note that Verizon customers with the following account types are not eligible to apply for Verizon + Openbank Savings: Verizon Prepaid accounts; Verizon mobile Business accounts; Verizon Fios accounts; and Fios Business accounts.

By participating in Verizon + Openbank Savings, you may become eligible for a monthly Verizon Bill Credit on your Verizon mobile bill. The Verizon Bill Credit will appear on your monthly Verizon statement as Verizon and Openbank Bill Credit. Two Verizon lines per mobile bill are eligible for the Verizon Bill Credit, and the credit will be applied within 2 or 3 billing cycles of meeting the eligibility requirements for the offer.

The Verizon Bill Credit is based on the monthly average daily balance of your high-yield savings account at Openbank, and can range from $5 to $15 a month according to the following:

  • Get up to $60/year ($5/month) in Verizon 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 Verizon 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 Verizon 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.

Verizon Bill Credits will appear on your monthly Verizon statement as Verizon and Openbank Bill Credit. Please note: if you add a joint account owner after opening an account through Verizon + Openbank Savings, only the primary account holder will be eligible for the Verizon Bill Credit.

Your monthly average balance is the average amount in your account over the statement period. It is calculated by adding up the current balance for each day of the statement period, divided by the number of days in your statement period.

New deposits are reflected in your monthly average balance as soon as we receive your deposit.

Your first account statement will end on the same date in the next month after you open your account. After that, each future statement will start one day after your account opening date and end on the same date each month, though this can vary depending on the number of days in the month. As an example:

  • Your account opens on February 7, 2026
  • Your first statement will close on March 7
  • Your second statement begins on March 8, and closes on April 7
  • The third statement begins on April 8, and closes on May 7

Unfortunately, Openbank High Yield Savings accounts (including pre-existing accounts) do not qualify for the Verizon Bill Credit. The Verizon Bill Credit is only available to Verizon mobile customers who open a new account through the Verizon + Openbank Savings page on Verizon’s website or mobile app.

Please note: if you already have an existing High Yield Savings account at Openbank, you are not required to close that account if you also wish to open an additional one through Verizon + Openbank Savings.

For questions about your Openbank account or balance, call the Openbank Customer Service Center, Monday-Saturday, 8:00 AM to 9:00 PM ET (5:00 AM to 6:00 PM PT) at 855-896-2265 (855-VZN-BANK). Hearing and speech-impaired customers can call 711 or their preferred relay service.

For questions about Verizon Bill Credits on your Verizon mobile bill, please confirm the following before contacting Verizon:

  1. On your most recent monthly Openbank statement, your monthly average daily balance is greater than the minimum to receive the credit.
  2. Other lines on your account aren’t already receiving the monthly credit (limit 2) on their most recent Verizon statement.
  3. You’ve waited 2- 3 billing cycles after funding your account at Openbank, and you’re maintaining the minimum balance required to earn the Verizon Bill Credit.
  4. You’re looking at your most recent Verizon bill.

After confirming the above, you can contact Verizon Customer Service.

1Introductory promotional APY Boost Terms and Conditions

The introductory promotional APY Boost includes a 0.35% APY boost (“APY Boost”) added to the account’s current variable APY (“standard variable APY”) of 4.00%. The APY Boost will apply for six months from the date the account is opened (“Promotional Period”). The standard variable APY for your account remains variable and subject to change at Openbank’s discretion at any time and any frequency without notice. If the standard variable APY changes during the Promotional Period, the APY Boost will continue to apply through the end of the Promotional Period, subject to applicable terms. After the Promotional Period ends, the account will earn the standard variable APY in effect at that time without the APY Boost.

This is a limited-time offer, effective as 12:01 am Eastern Time today. To qualify for the APY Boost, an eligible account must be opened while the offer is available. All applications subject to approval. Completing and submitting an application does not, by itself, establish an account. The introductory promotional APY Boost is valid for new Openbank customers. If your account is determined to be ineligible, Openbank reserves the right to terminate the APY Boost at any time without notice, and the account will then earn the standard variable APY in effect at that time. Existing accounts opened prior to 9/23/2026, are not eligible for the APY Boost and will continue to earn the standard variable APY. The APY Boost promotion may not be combined with other bonus offers by Santander Bank. Additional terms, conditions, and eligibility requirements may apply.   

Openbank reserves the right to modify, suspend, or terminate the APY Boost offer at any time without notice.

Verizon + Openbank Savings is offered exclusively by Openbank, a division of Santander Bank, N.A., and is not managed, housed, or controlled by Verizon. Santander Bank, N.A., offering this 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. Verizon 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 our discretion 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.

2Interest rates and Annual Percentage Yields (APYs) shown are accurate and effective as of 12:01 am Eastern Time today. 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 applicable may change at our discretion any time without notice. Fees may reduce earnings. A minimum deposit of $500 is required to open an Openbank + Verizon Savings account. Personal accounts only. For more information about applicable fees and terms, refer to the Openbank Personal Deposit Account Agreement, Verizon Addendum, and Personal Deposit Account Fee Schedule found here.

3To get $180 in Verizon + Openbank Bill Credits, your Verizon account must have an Openbank high-yield savings account opened through the Verizon + 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 Verizon + Openbank Bill Credit.

4Verizon + Openbank Bill Credit Eligibility and Calculation: Eligible customers must have a mobile telephone number associated with a post-paid consumer wireless account offered by Verizon within the United States (the "Verizon Account”). To receive a credit on your Verizon bill (the "Verizon + Openbank Bill Credit”), you must submit an application for an Openbank high yield savings account (the “Deposit Account”) using the application link provided on Verizon's website or mobile app. The amount of the Verizon + 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 Verizon + 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 Verizon + Openbank Bill Credit after 12 months from the date your Deposit Account is opened. If your Deposit Account or Verizon Account closes for any reason, or if the mobile telephone number associated with your Verizon Account is terminated, you will not be eligible for a full or partial Verizon + 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 Verizon + Openbank Bill Credit as to the first Deposit Account you open. If other individuals on your Verizon Account also maintain Deposit Accounts, the Verizon + 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 Verizon + Openbank Bill Credits per month may be applied to any Verizon Account. The maximum Verizon + 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.

Verizon + Openbank Bill Credit Application: If you qualify for a Verizon + Openbank Bill Credit, the Verizon + Openbank Bill Credit will be applied to your Verizon bill beginning within 2 to 3 Verizon bill cycles following the issuance of your initial Deposit Account statement. Verizon is solely responsible for applying the Verizon + Openbank Bill Credit based on Deposit Account balance information provided by Openbank.

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