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 €50,000 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 2.59% a year. The highest instant-access rate in our comparison is 3.03% right now. The best-paying deposit runs for 2 years at an effective 2.80% 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.