OpenbankEditor's ChoiceOpenbank High Yield Savings
APY
4.09%
Min. to Open
None required
Monthly Fee
No monthly fee
Welcome Bonus
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Openbank High Yield Savings
Openbank High Yield Savings
4.09% APY. No monthly fee. FDIC insured.
Our take
One of the highest rates available with no minimum balance and no monthly fee. From the digital arm of Santander.
Highlights
What we like
Among the highest APYs available
No minimum balance or monthly fee
The trade-off
Lesser-known brand
Is this account right for you?
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Full details
Rate & Earnings
| APY | 4.09% |
| APY conditions | No minimum balance for APY |
| Minimum balance for APY | None required |
Fees & Requirements
| Monthly fee | No monthly fee |
| Minimum to open | None required |
Features
| FDIC insured | FDIC insured |
| Mobile app | Mobile app |
| ATM access | ATM access |
Frequently asked questions
What is the current APY on this account?
The current APY is 4.09%. No minimum balance for APY
Is my money protected?
Yes — this account is FDIC insured up to $250,000 per depositor, per institution. Your money is safe even if the bank fails.
How do I access my money?
ATM withdrawals are available. You can transfer funds electronically to a linked checking account, typically within 1–3 business days.
Are there any hidden fees?
This account has no monthly maintenance fee. Always review the full fee schedule for wire transfer, outgoing transfer, or other service fees.
Openbank High Yield Savings