Openbank, Santander's digital subsidiary, has launched a new savings account for new customers offering a 3.2% nominal interest rate and 3.25% TAE. The account features monthly interest payments and has no maximum balance limit for remuneration purposes.
To access the 3.25% TAE, customers must activate Bizum. A 200 euro welcome bonus is available for those who domicile two bills by 31 October. Additionally, a six-month deposit offers 3.25% TAE for new funds, provided a monthly income of 900 euros is domiciled.
Linked customers benefit from 1% cashback on Bizum online purchases and 2% savings on Amazon.es gift cards. The bank has also introduced a broker commission of one euro per trade with no custody fees, alongside mortgage discounts and global travel benefits.