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popular3473186 posted May 07, 2025 01:49 PM
popular3473186 posted May 07, 2025 01:49 PM

Online Banking HYSA 4.40% APY Openbank by Santander

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Openbank by Santander bank

Earn 4.40% APY with an Openbank High Yield Savings account

FDIC-Insured - Backed by the full faith and credit of the U.S. Government

No fees
With no hidden charges or fees, your money stays where it belongs: in your pocket.


What you'll need:
A U.S. primary residential address – Openbank isn't available in U.S. overseas territories
U.S. Citizenship or Resident Alien status and a U.S. mobile phone number
A smartphone or tablet – you'll be required to download the Openbank app and then sign in to your account securely on this device
A minimum deposit of at least $500

https://www.openbank.us/?utm_sour...oW2iWsGuKO
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Community Notes
About the Poster
Openbank by Santander bank

Earn 4.40% APY with an Openbank High Yield Savings account

FDIC-Insured - Backed by the full faith and credit of the U.S. Government

No fees
With no hidden charges or fees, your money stays where it belongs: in your pocket.


What you'll need:
A U.S. primary residential address – Openbank isn't available in U.S. overseas territories
U.S. Citizenship or Resident Alien status and a U.S. mobile phone number
A smartphone or tablet – you'll be required to download the Openbank app and then sign in to your account securely on this device
A minimum deposit of at least $500

https://www.openbank.us/?utm_sour...oW2iWsGuKO

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27 Comments

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Pro
May 07, 2025 10:47 PM
2,333 Posts
Joined Jan 2024
May 07, 2025 10:47 PM
WolfTheCat
Pro
May 07, 2025 10:47 PM
2,333 Posts

Our community has rated this post as helpful. If you agree, why not thank WolfTheCat

Unlike the valley direct 4.4% teaser HYSA deal, this is their regular rate and openbank has been good about keeping their HYSA rate competitive.

So, much Slicker than the other one.
3
May 08, 2025 12:27 AM
4,917 Posts
Joined Dec 2009
May 08, 2025 12:27 AM
rdcrdsMay 08, 2025 12:27 AM
4,917 Posts
I have had Openbank along with MBD both at 4.40 and both have been good. The only difference is you must have a smartphone/Iphone to have this account
1
May 08, 2025 02:21 AM
2 Posts
Joined Jun 2016
May 08, 2025 02:21 AM
threelionsMay 08, 2025 02:21 AM
2 Posts
Quote from rdcrds :
I have had Openbank along with MBD both at 4.40 and both have been good. The only difference is you must have a smartphone/Iphone to have this account
which bank is MBD?
Pro
May 08, 2025 09:48 AM
2,333 Posts
Joined Jan 2024
May 08, 2025 09:48 AM
WolfTheCat
Pro
May 08, 2025 09:48 AM
2,333 Posts
Quote from threelions :
which bank is MBD?
mybankingdirect.com (subsidiary of Flagstar Bank)

I have them, no complaints, but I've never needed personal service or anything, and pushes/pulls are done through my main checking account, so I've never used their transfer features either.
1
Original Poster
May 08, 2025 12:27 PM
109 Posts
Joined Aug 2004
May 08, 2025 12:27 PM
3473186
Original Poster
May 08, 2025 12:27 PM
109 Posts

Our community has rated this post as helpful. If you agree, why not thank 3473186

If you're Verizon customer, you can sign up through the Verizon app for special link so you can get bill credits up to $180.

Verizon Bill Credits are based on monthly average daily balance, as calculated by Openbank: $5 for qualifying balances between $1,000 and $9,999.99; $10 for qualifying balances between $10,000 and $29,999.99; and $15 for qualifying balances over $30,000.

Verizon + Openbank Savings is an offer available through a partnership between Verizon and Openbank.1 If you qualify, you may receive exclusive Verizon + Openbank Bill Credit(s) on your Verizon bill. Your bill credit is based on the savings account's monthly daily average balance. Up to 2 Verizon Bill Credits can be earned per month, per Verizon mobile account through this offer. This offer is for 12 consecutive months.2

Good to know: You can take advantage of the Verizon + Openbank Bill Credit(s) with what you may earn today with Verizon's Auto Pay discounts.

1 Openbank is a division of Santander Bank, N.A. Member FDIC. Verizon and its affiliates are not FDIC insured institutions. All deposits are held at Santander Bank, N.A.
2 Eligible customers must have a mobile telephone number associated with a post-paid consumer wireless account offered by Verizon within the United States (the "Verizon Account"). To receive a credit on your Verizon bill (the "Verizon + Openbank Bill Credit"), you must submit an application for an Openbank high yield savings account (the "Deposit Account") using the application link provided on Verizon's website or mobile app. You will be eligible for a Verizon + Openbank Bill Credit for up to 12 months from the time you open a Deposit Account. Verizon Bill Credits are based on monthly average daily balance, as calculated by Openbank: $5 for qualifying balances between $1,000 and $9,999.99; $10 for qualifying balances between $10,000 and $29,999.99; and $15 for qualifying balances over $30,000. Up to two Verizon + Openbank Bill Credits per Verizon Account. If you qualify for a Verizon + Openbank Bill Credit, it will be applied to your Verizon bill beginning within 2-3 Verizon bill cycles following the issuance of your initial Deposit Account statement. Verizon is solely responsible for applying the Verizon Bill Credit based on Deposit Account balance information provided by Openbank.
1
May 08, 2025 12:43 PM
153 Posts
Joined Dec 2008
May 08, 2025 12:43 PM
jaisonatorMay 08, 2025 12:43 PM
153 Posts
Reviews on Trust Pilot are mostly negative. That's the issue with most banks. My personal research ended up going with LiveOakBank. Slightly lower on the APY but all reviews check out.
May 08, 2025 12:48 PM
596 Posts
Joined Sep 2006
May 08, 2025 12:48 PM
ROBBY69May 08, 2025 12:48 PM
596 Posts

Our community has rated this post as helpful. If you agree, why not thank ROBBY69

Just to point out, this yield can be had alot of places
5.00% - Blue Federal CU savings, first $1,000 only... missed it. Thanks kingsfan626
4.66% - Axos Bank
4.60% - Pibank
4.50% - Go2bank
4.40% - at least 5 other banks, including Primis
Last edited by ROBBY69 May 8, 2025 at 12:21 PM.
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May 08, 2025 02:14 PM
604 Posts
Joined Feb 2015
May 08, 2025 02:14 PM
kingsfan626May 08, 2025 02:14 PM
604 Posts

Our community has rated this post as helpful. If you agree, why not thank kingsfan626

Quote from ROBBY69 :
Just to point out, this yield can be had alot of places
5.00% - Blue Federal CU savings
4.66% - Axos Bank
4.60% - Pibank
4.50% - Go2bank
4.40% - at least 5 other banks, including Primis
Did I read their site correctly that only the first $1k is 5% at Blue Federal?
1
May 08, 2025 02:17 PM
1,541 Posts
Joined Apr 2014
May 08, 2025 02:17 PM
DayaOMay 08, 2025 02:17 PM
1,541 Posts
Need some with bonus offer for the transfer incentive...I have parked in CapOne with that last deal, 1500 bonus...I think apy is down to 3.8 there now
May 08, 2025 03:15 PM
200 Posts
Joined Aug 2007
May 08, 2025 03:15 PM
kenoartoMay 08, 2025 03:15 PM
200 Posts
Quote from DayaO :
Need some with bonus offer for the transfer incentive...I have parked in CapOne with that last deal, 1500 bonus...I think apy is down to 3.8 there now
Can't find link?
May 08, 2025 03:28 PM
1,541 Posts
Joined Apr 2014
May 08, 2025 03:28 PM
DayaOMay 08, 2025 03:28 PM
1,541 Posts
Quote from kenoarto :
Can't find link?
https://www.capitalone.com/bank/b...5ad3670INT
May 08, 2025 04:53 PM
34 Posts
Joined Nov 2003
May 08, 2025 04:53 PM
ScottieWoodMay 08, 2025 04:53 PM
34 Posts
Please note that High Yield Savings accounts at Openbank are intended for accumulating savings and therefore do not include checks or debit card functionality.
Pro
May 08, 2025 05:30 PM
2,333 Posts
Joined Jan 2024
May 08, 2025 05:30 PM
WolfTheCat
Pro
May 08, 2025 05:30 PM
2,333 Posts
Quote from jaisonator :
Reviews on Trust Pilot are mostly negative. That's the issue with most banks. My personal research ended up going with LiveOakBank. Slightly lower on the APY but all reviews check out.
I have a CD with them. Have had no issues, but it's hard to have issues with a CD. You only interact twice - cash in, wait, cash out.
Pro
May 08, 2025 10:38 PM
2,333 Posts
Joined Jan 2024
May 08, 2025 10:38 PM
WolfTheCat
Pro
May 08, 2025 10:38 PM
2,333 Posts
Quote from DayaO :
Need some with bonus offer for the transfer incentive...I have parked in CapOne with that last deal, 1500 bonus...I think apy is down to 3.8 there now
Live oak bank also has a savings account with bonus and rates that aren't crap (4.1%)

Most savings accounts with bonuses have crap interest rates.

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May 08, 2025 11:08 PM
10 Posts
Joined Oct 2022
May 08, 2025 11:08 PM
UniqueRailway1627May 08, 2025 11:08 PM
10 Posts
Do their interest rate accrue daily or monthly?

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