Openbank High Yield Savings
3.80% APY
Openbank deposits are held at Santander Bank, N.A., Member FDIC. Deposits at Santander Bank and Openbank are combined for FDIC insurance limits. Personal accounts only; residential ZIP code, service area, and other requirements apply. Rates, rewards, eligibility, and terms are subject to change. Verify current information with the provider.
Who this may suit
This product may be worth reviewing if its account type, access model, and verified terms match your needs. It is not a universal recommendation, and eligibility rules still apply.
Key features
- Monthly fee: $0.
- Minimum opening deposit: $500.
- Variable APY shown at verification: 3.80%.
Costs and limitations
A headline fee or reward does not describe every possible charge. Read the current account agreement for ATM, wire, transfer, cash-deposit, replacement-card, and other potential costs.
Eligibility and access
Personal accounts only; residential ZIP code, service area, and other requirements apply. Account opening, identity verification, state availability, and feature access may change.
Safety and deposit status
Openbank deposits are held at Santander Bank, N.A., Member FDIC. Deposits at Santander Bank and Openbank are combined for FDIC insurance limits.
Moneyward’s view
The strongest reason to consider this product is its clearly stated core feature. The main reason to pause is that the fit depends on your access needs, documentation, and the complete fee and eligibility schedule.
Alternatives
Compare all currently reviewed products before deciding.
Official source
Review the provider’s current terms ↗. Last verified 2026-08-23.