Santander Consumer Bank
- Offers
- 6
- Instant access
- 2.64%
- highest effective
- Deposit
- 2.90%
- highest effective
- Deposit guarantee
- Until €100,000
- Spain scheme
Offers from Santander Consumer Bank
- Spaarrekening3.01% · 2.64% effective · since 22 Sep 2026€659interest per year
- Deposit 6 months2.75% · 2.77% effective · since 16 Oct 2026€692per year, annualised
- Deposit 1 year2.85% · 2.85% effective · since 16 Oct 2026€713interest per year
- Deposit 2 years2.90% · 2.90% effective · since 16 Oct 2026€725per year, annualised
- Deposit 3 years2.90% · 2.90% effective · since 16 Oct 2026€725per year, annualised
- Deposit 4 years2.90% · 2.90% effective · since 16 Oct 2026€725per year, annualised
Saving at Santander Consumer Bank
Santander Consumer Bank is a brand of Open Bank, S.A., a bank from Spain, supervised by Banco de España. You open an account with the bank itself, online.
For €25,000 we list 1 instant-access account and 5 deposits from Santander Consumer Bank, with terms from 6 months to 4 years. The best instant-access account, Spaarrekening, pays an effective 2.64% a year. The highest instant-access rate in our comparison is 3.04% right now. The best-paying deposit runs for 2 years at an effective 2.90% a year.
The lowest minimum deposit is €1,000. 1 offer has a temporary promotional rate; the effective rate above already counts the lower rate that follows. 1 offer is for new customers only.
Savings at Santander Consumer Bank fall under Fondo de Garantía de Depósitos de Entidades de Crédito (FGD), the statutory deposit guarantee scheme of Spain, up to €100,000 per person. We checked that with the supervisor or the scheme itself. Santander Consumer Bank shares its banking licence with Openbank: money at these brands together counts towards one guarantee limit. Spain withholds 19.00% tax on interest by default; as a resident of the Netherlands you bring that down to 0% with a form.
- What is the savings rate at Santander Consumer Bank?
- At Santander Consumer Bank the highest effective annual rate for €25,000 is currently 2.64% on instant-access savings and 2.90% on a 2 years deposit. The table on this page has every offer with its rate and conditions.
- Is my money safe at Santander Consumer Bank?
- Santander Consumer Bank (Open Bank, S.A.) takes part in Fondo de Garantía de Depósitos de Entidades de Crédito (FGD). If the bank fails, that scheme repays your savings up to €100,000 per person, interest included.
- Do I pay withholding tax on interest from Santander Consumer Bank?
- Spain withholds 19.00% tax on interest by default; as a resident of the Netherlands you bring that down to 0% with a form.
- How do I open an account at Santander Consumer Bank?
- You open an account with the bank itself, online.
Deposit guarantee and licence
- Institution
- Open Bank, S.A.
- Status
- Verified European deposit guarantee scheme
- Scheme
- Fondo de Garantía de Depósitos de Entidades de Crédito (FGD)
- Guarantee
- €100,000 per person per institution
- Verification
- Wettelijke DGS-informatie van Open Bank, S.A.source ↗ · 15 Sep 2026
details
Fondo de Garantía de Depósitos, € 100.000); FGD-register is niet machinaal leesbaar
The same licence as Openbank: savings at these brands together fall under one guarantee.
Recent changes
Rate historyRSS- 16 Oct 2026, 08:08 · Rate upSantander Consumer Bank – Spaardeposito (12 mo): 2.75% → 2.85%
- 16 Oct 2026, 08:08 · Rate upSantander Consumer Bank – Spaardeposito (24 mo): 2.80% → 2.90%
- 16 Oct 2026, 08:08 · Rate upSantander Consumer Bank – Spaardeposito (48 mo): 2.80% → 2.90%
- 16 Oct 2026, 08:08 · Rate upSantander Consumer Bank – Spaardeposito (36 mo): 2.80% → 2.90%
- 16 Oct 2026, 08:08 · Rate upSantander Consumer Bank – Spaardeposito (6 mo): 2.60% → 2.75%
- 22 Sep 2026, 08:20 · Rate upSantander Consumer Bank – Spaarrekening: base rate 2.10% → 2.20%
- 15 Sep 2026, 21:31 · Rate upSantander Consumer Bank – Spaardeposito (12 mo): 2.65% → 2.75%
- 15 Sep 2026, 21:31 · Rate upSantander Consumer Bank – Spaardeposito (36 mo): 2.60% → 2.80%
- 15 Sep 2026, 21:31 · Rate upSantander Consumer Bank – Spaardeposito (6 mo): 2.45% → 2.60%
- 15 Sep 2026, 21:31 · Rate upSantander Consumer Bank – Spaardeposito (24 mo): 2.55% → 2.80%
- 15 Sep 2026, 21:31 · Rate upSantander Consumer Bank – Spaardeposito (48 mo): 2.60% → 2.80%