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 or tablet, 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. except for Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, and Rhode Island).
Please note: Openbank High Yield Savings is not currently available to anyone who also has a deposit account at Santander Bank, N.A. through our retail branch network or who is a current lending customer of Santander Bank, regardless of where you reside.