Santander’s Openbank Celebrates First Year in the United States with More Than $6 Billion in Deposits
Banco Santander, S.A. Sponsored ADR (Spain) (SAN)
US:NYSE Investor Relations:
santander.com/csgs/satellite/cfwcsancomqp01/en_gb/corporate/shareholders-and-investors.html
Company Research
Source: Business Wire
Among the fastest-growing digital banks in the U.S., Openbank continues to innovate with a simple and secure platform and a leading rate 10 times the national average BOSTON--(BUSINESS WIRE)--Openbank by Santander, part of Santander Bank, N.A., today marks its first anniversary in the United States, celebrating strong momentum, innovation, and customer adoption in one of the world’s most dynamic banking markets.Launched in October 2024 with a market-leading high-yield savings account – offering an interest rate ten times higher than the national average, according to FDIC data – Openbank has grown to more than $6 billion in deposits as of today. Openbank has quickly established itself as a trusted, digital-first platform delivering a simple, safe, and rewarding experience, powered by Banco Santander, one of the world’s leading financial institutions.“Openbank represents our commitment to building the future of retail banking in America,” says Swati Bhatia, Head of Retail Banking an
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