OpenbankOpen Spaarrekening

Instant access · Open Bank, S.A. · Spain · Directly at the bank
Current account required
Rate
2.25%
variable
since 22 Sep 2026
EffectiveThe effective annual rate for €50,000: what you really earn per year, after fees and including compound interest, so that terms and payout frequencies are comparable. Above €300,000 you earn no interest. Interest is compounded during the term and earns interest on interest.
2.27%
for €50,000
Your return on €50,000
€1,137
interest per year
Deposit guarantee
€50,000 fully protected
Spanish scheme

Open Bank, S.A. · Fondo de Garantía de Depósitos de Entidades de Crédito (FGD) · €100,000 per person per bank

Your calculation for €50,000

Gross interest over 1 year: €1,137.
Assumption: the variable rate stays the same for the whole period. Gross, before tax.
Interest built up over 1 year
€ 0€ 500€ 1kstart6 mo1 yr€1,137After 1 month: €93.75 rate · balance €50,093.75After 2 months: €187.68 rate · balance €50,187.68After 3 months: €281.78 rate · balance €50,281.78After 4 months: €376.06 rate · balance €50,376.06After 5 months: €470.51 rate · balance €50,470.51After 6 months: €565.14 rate · balance €50,565.14After 7 months: €659.95 rate · balance €50,659.95After 8 months: €754.94 rate · balance €50,754.94After 9 months: €850.11 rate · balance €50,850.11After 10 months: €945.45 rate · balance €50,945.45After 11 months: €1,040.97 rate · balance €51,040.97After 12 months: €1,136.67 rate · balance €51,136.67

Rate and conditions

BalanceRate
€0 – and up2.25%
Interest-bearing up to
€300,000
Interest payout
monthly, compounded (interest on interest)
Fees
none
Access
Instant access
Minimum deposit
none
Maximum deposit
not stated
Current account required
yes
For whom
new and existing customers
Open via
Direct · available to residents of the Netherlands
  • Rente over het saldo t/m € 300.000; daarboven 0,00%
  • Rente wordt maandelijks uitgekeerd
  • Gekoppeld aan een gratis Open Betaalrekening

Deposit guarantee

€50,000 fully protected
Spanish scheme

Open Bank, S.A. · Fondo de Garantía de Depósitos de Entidades de Crédito (FGD) · €100,000 per person per bank

How is my money protected?

Open Bank, S.A. (Openbank, Santander Consumer Bank) share one banking licence: balances at these brands count together for the guarantee.

Other brands on the same licence: Santander Consumer Bank.

Licence and verification
Institution
Open Bank, S.A.
Status
Verified European deposit guarantee scheme
Scheme
Fondo de Garantía de Depósitos de Entidades de Crédito (FGD) (Spain)
Guarantee
€100,000 per person per institution
Verification
Wettelijke DGS-informatie van Open Bank, S.A.
detailsFondo de Garantía de Depósitos, € 100.000); FGD-register is niet machinaal leesbaar
source ↗ · 15 Sep 2026
Taxes
Country
Spain
Withholding tax
Reducible to 0%
Standard rate
19.00%
For a Dutch saver
0.00% (after paperwork)
Notes
Spain withholds by default 19% tax at source. With a certificate of residence (through the bank or Raisin) that becomes 0% for a Dutch saver; what was already withheld can be reclaimed.

Rates are gross. The Dutch box 3 wealth tax is separate and not included.

Read on: Withholding tax on foreign savings interest: what do you really keep?

Read on: Is saving at a foreign bank safe? How the deposit guarantee works in Europe · Saving more than €100,000: how to spread your money across banks

Rate history

1.50%1.75%2.00%2.25%2.50%2 Sep 20263 Oct 2026now2.25%1.80% from 2 Sep 2026 until 22 Sep 20262.25% from 22 Sep 2026 until now
FromRateUntil
22 Sep 20262.25%current
2 Sep 20261.80%22 Sep 2026

All historic rates of Openbank →All savings products of Openbank →

  • 22 Sep 2026Openbank – Open Spaarrekening: 1.80% → 2.25%
  • 2 Sep 2026New: Openbank – Open Spaarrekening 1.80%

Rate checked on 2 Nov 2026.

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