Santander Consumer BankSpaarrekening
Instant access · Open Bank, S.A. · Spain · Directly at the bank
Promotional rateNew customers only
- Promotional rate
- 3.01%
- then 2.10%
- 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. The promotional rate applies for 6 months on at most €250,000; after that 2.10%. Interest is compounded during the term and earns interest on interest.
- 2.59%
- for €50,000
- Your return on €50,000
- €1,293
- interest per year
- Deposit guarantee
- €50,000 fully protectedSpanish 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: €1,293.
Existing customers do not get the promotional rate: 2.10% → €1,060 over 1 year.
In the calculation: 6 months promotional rate (€757.23), then the base rate.
Assumption: the variable rate stays the same for the whole period. Gross, before tax.
Interest built up over 1 year
Rate and conditions
| Balance | Rate |
|---|---|
| €0 – and up | 2.10% |
- Interest payout
- monthly, compounded (interest on interest)
- Fees
- none
Promotion conditions
- Promotional rate 3.01% for 6 months on at most €250,000
- New customers only
- Promotionele rente 3.01% voor nieuwe klanten gedurende 6 maanden op de eerste € 250.000; daarna en daarboven de basisrente.
- Access
- Instant access
- Minimum deposit
- none
- Maximum deposit
- €1,000,000
- Current account required
- no
- For whom
- new and existing customers
- Open via
- Direct · available to residents of the Netherlands
- Variabele rente, maandelijks uitbetaald
- Maximaal € 1.000.000 per rekening
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: Openbank.
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.source ↗
details
Fondo de Garantía de Depósitos, € 100.000); FGD-register is niet machinaal leesbaar
Rate history
3.01% since 2 Sep 2026. We have not seen a change since; once the rate changes, the chart appears here.
All historic rates of Santander Consumer Bank →All savings products of Santander Consumer Bank →
- 2 Sep 2026New: Santander Consumer Bank – Spaarrekening 3.01%
Rate checked on 18 Sep 2026.