Openbank is offering 4.00% APY (up to 4.35% with Boost) when you open a High Yield Savings account – available nationwide.
Update 10/17/26: The rate has decreased to 4.00% APY. You can currently earn up to 4.35% APY with 0.35% APY boost for 6 months.
Openbank is a part of Santander Bank, N.A., which is a member institution of FDIC.
Openbank High Yield Savings Rate
- Learn More at Openbank
- Eligible account: Savings
- Credit inquiry: Soft Pull or Hard Pull?
- Where it’s available: Nationwide
- Opening Deposit: $500
- Monthly fee: None
- Early Termination Fee: Not listed
(at Openbank)
| PROMOTIONAL LINK | OFFER | REVIEW |
| SoFi Checking and Savings Account | 3.30% APY + $325 Bonus | Review |
| Western Alliance Bank High-Yield Savings | 4.30% APY + $1000 Bonus | Review |
| CIT Bank Platinum Savings | Up to 4.25% APY | Review |
| NexBank High Yield Savings | 4.25% APY + $1000 Bonus | Review |
| Centier Bank High Yield Savings | 4.12% APY + $1000 Bonus | Review |
| Always.Bank Savings | 4.10% APY | Review |
| American First Credit Union Money Market | 4.10% APY + $1000 Bonus | Review |
| Valley Bank High Yield Savings | 4.00% APY + $1000 Bonus | Review |
| Valley Direct Online Savings | 4.00% APY | Review |
| Live Oak Bank Savings | 4.00% APY | Review |
| CIT Bank Savings Connect | 3.65% APY | Review |
| Robinhood Gold | 3.60% APY | Review |
| Quontic Bank High Yield Savings | 3.50% APY | Review |
| Upgrade Premier Savings | 3.05% APY | Review |
How to Earn Rate
- Open your Openbank High Yield Savings account.
- Fill out your personal information – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account/transfer funds – Transfer funds electronically from an internal account here or an external account at another bank.
- Earn 4.00% APY.
| Balance Requirement | APY Rate |
| $0.01+ | 4.00% APY |
Account Features
- Top-tier rate. Watch your money grow faster with rates 10x the national average.
- FDIC insured. Making money is great. The peace of mind of being federally insured is even better.
- No fees. With no hidden charges or fees, your money stays where it belongs: in your pocket.
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Conclusion
If you’re looking for a savings account that offers a competitive rate, here’s a great candidate.
In addition to the rate, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
