Santander Goes National in the United States with Openbank, Bringing High Yield Savings Opportunities to More Americans

Santander Bank has officially launched Openbank, a new digital banking platform, whose initial offering brings high-yield savings opportunities to more Americans. 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.

With the launch of Openbank, Santander expands its addressable market in the U.S., complementing its existing branch network to serve customers nationally and grow deposits to be a lower-cost funding source for the company’s consumer lending, including its at-scale Auto business.