ɧƵ + Openbank Savings1
Save up to $180
per year on your
mobile bill2
And earn interest at 10x the national
average on a high yield savings account.3
Watch your money grow
Each month with ɧƵ + Openbank Savings, earn a top-tier interest rate on your
high yield savings account and get a bill credit on your ɧƵ wireless bill.
Estimated Savings in a year with a 4.00% APY*
Average daily balance per month
Openbank interest earnings
$1260
ɧƵ + Openbank bill credit
$180
*This calculator is for illustrative purposes only. Estimated interest earnings assume that principal and interest remain on deposit for one year and are rounded down to the nearest dollar. This high yield savings account through ɧƵ + Openbank Savings is a variable-rate account and the APY may change at any time without notice. Calculated values are based on the APY rounded to the nearest 0.01%. Calculated values show interest earnings and ɧƵ Bill Credits based on an average daily balance per month.
So many reasons to start today
10
x3
National savings average
Watch your money
grow faster.
24/7 access
Secure access to your account
whenever you need it through
the Openbank app.
FDIC insured 1
Enjoy peace of mind knowing
your money is federally insured.
Bank fees? Nope
With no hidden charges or
monthly
service
fees, you keep
what you earn.
Open your high
yield savings
account in just
5 minutes
1
Enter your info
Follow the link to get started and
complete the application.
complete the application.
2
Download the app
After applying, download the
Openbank app and sign in.
Openbank app and sign in.
3
Drop your money in
Deposit and maintain a minimum
balance of $1,000 to earn ɧƵ bill
credits for the first 12 months.
balance of $1,000 to earn ɧƵ bill
credits for the first 12 months.
Your money is safehere
Openbank is a division of Santander Bank, N.A. Member FDIC. ɧƵ and its affiliates are not FDIC insured
institutions. All deposits are held at Santander Bank, N.A. Deposits at Santander Bank, N.A. and its Openbank
division are combined for FDIC insurance purposes (FDIC Cert. 29950) and are not separately insured. There is a
maximum of $250,000 of deposit insurance from the FDIC per depositor for each category of account ownership.
Please visit FDIC.gov for details. ɧƵ is not a chartered banking institution and is not insured by FDIC.
Have questions? We’ve got answers.
What is a High Yield Savings account?
A high-yield savings account is a savings account that offers a higher interest rate than a regular savings account. The interest earned is calculated as an annual percentage yield (APY).
What is Openbank?
Openbank is a division of Santander Bank, N.A., one of the nation's largest banks by assets. Openbank combines the best of digital banking innovation with the stability and security of a large national bank to deliver a seamless and powerful digital banking experience.
What are the benefits of opening an account through ɧƵ + Openbank Savings?
When you open a high-yield savings account through ɧƵ + Openbank Savings, you're getting a top-tier rate and an FDIC insured savings account. Plus, you may receive exclusive ɧƵ Bill Credit(s) on your monthly ɧƵ mobile bill. The ɧƵ Bill Credit stacks on top of what you may earn today with ɧƵ’s Auto Pay discounts.
How do I apply for a high-yield savings account with Openbank?
You can open an account by first visiting the ɧƵ + Openbank Savings page. Click the "Get Started" button above to log in and verify that you are a ɧƵ mobile customer first. Then follow the instructions provided to complete your application.
What do I need to apply for a high-yield savings account through ɧƵ + Openbank Savings?
You'll need an existing ɧƵ mobile account with up to 12 phone lines maximum (depending on your plan), 5G Home Internet or LTE Home Internet to be eligible to apply for the ɧƵ + Openbank Savings account. ɧƵ Prepaid, ɧƵ mobile Business, ɧƵ Fios and ɧƵ Fios Business accounts are not eligible for ɧƵ + Openbank Savings.
You'll also need to be at least 18 years old, a U.S. Citizen or U.S. Resident Alien with a U.S. residential address and mobile phone number, and have a mobile phone or tablet on which you can install the Openbank app.
What is the ɧƵ Bill Credit(s)? Is there a minimum balance requirement? What happens if I go below the minimum balance?
Yes, there is a minimum balance requirement of $500 to open a high-yield savings account with Openbank. In order to receive the monthly ɧƵ Bill Credit, you will need a monthly average daily minimum balance of $1,000 in your account. If your monthly average daily balance falls below this amount you will not be eligible for the ɧƵ Bill Credit.
The ɧƵ Bill Credit is based on the monthly average daily balance of your High Yield Savings account and can range between $5, $10 or $15 a month according to the following:
- Get up to $60/year ($5/month) in ɧƵ Bill Credits if your average account balance is between $1,000 and $9,999.99. Offer valid for up to 12 consecutive months from the date you open the account.
- Get up to $120/year ($10/month) in ɧƵ Bill Credits if your average account balance is between $10,000 and $29,999.99. Offer valid for up to 12 consecutive months from the date you open the account.
- Get up to $180/year ($15/month) in ɧƵ Bill Credits if your balance is $30,000 or more. Offer valid for up to 12 consecutive months from the date you open the account.
Multiple Accounts: What is the ɧƵ Bill Credit(s) for multiple accounts? Is there a minimum balance requirement?
ɧƵ Bill Credit(s) can be earned on up to two lines per ɧƵ Account for a combined annual saving of $360. The first two high-yield savings accounts opened on your ɧƵ Account will be eligible for the ɧƵ Bill Credit. A maximum of two ɧƵ Bill Credits may be applied to any ɧƵ Account. The maximum ɧƵ Bill Credit obtainable is with two accounts, each with minimum $30,000 average balances, resulting in a combined bill credit of $30 monthly, totaling $360 over 12 months.
Each high-yield savings account must satisfy the applicable minimum balance requirement to earn a ɧƵ Bill Credit.
How do I manage my account with Openbank? (Is there an app?)
Openbank is a fully digital bank, which means that all account management – including tracking your balance, transferring funds, and viewing account activity – happens exclusively on the Openbank app or online at .
Can I access ɧƵ + Openbank Savings at ATMs and make withdrawals?
No, not at this time. High-yield savings accounts at Openbank do not currently offer debit cards. In order to make withdrawals, you’ll need to link your account at Openbank to an account at another institution (to set this up, you'll need the account number and routing number for your other bank account).
Why didn't I receive a ɧƵ Bill Credit on my latest ɧƵ mobile bill when I have received one previously?
Check your Openbank statement to confirm your monthly average daily balance. If it falls below $1,000 you aren't eligible for a ɧƵ bill credit. If you're eligible for a bill credit and your ɧƵ bill cycle closes on a weekend or holiday, your bill credit may be delayed to the next bill cycle. In the event of a processing error, your bill credit may be delayed until the following month. On your next bill you will see the delayed bill credit for the eligible line.
1. ɧƵ + Openbank Savings is offered exclusively by Openbank, a division of Santander Bank,
N.A., and is not managed, housed, or controlled by ɧƵ. Santander Bank, N.A., offering your account through
its Openbank division, is a Federal Deposit Insurance Corporation (“FDIC”) insured institution. Deposits at
Santander Bank, N.A. and its Openbank division are combined for FDIC insurance purposes (FDIC Cert. 29950) and are
not separately insured. There is a maximum of $250,000 of deposit insurance from the FDIC per depositor for each
category of account ownership. Please visit fdic.gov for details. ɧƵ is not a chartered banking institution
and is not insured by FDIC.The ɧƵ + Openbank Savings account is a variable rate account and the rate
applicable may change at any time without notice. Availability for this product will be based on the residential
zip code entered when account is opened within the online application process. Offer subject to change or
cancellation at any time without notice. All account applications are subject to approval by Openbank.
2. To get $180 in ɧƵ + Openbank Bill Credits your ɧƵ account must have an Openbank high yield savings account opened through the ɧƵ + Openbank Savings program that maintains a monthly average daily balance equal to or greater than $30,000 for all 12 months you are eligible to earn the ɧƵ + Openbank Bill Credit.
3. The APY comparison is based upon the national average for Savings deposit products as published in the FDIC National Rates and Rate Caps on FDIC.gov of 0.39%, accurate as of 3/16/26.
ɧƵ + Openbank Bill Credit Eligibility and Calculation : Eligible customers must have a mobile telephone number associated with a post-paid consumer wireless account offered by ɧƵ within the United States (the “ɧƵ Account”). To receive a credit on your ɧƵ bill (the “ɧƵ + Openbank Bill Credit”), you must submit an application for an Openbank high yield savings account (the “Deposit Account”) using the application link provided on ɧƵ’s website or mobile app. The amount of the ɧƵ + Openbank Bill Credit will be determined as follows:
· $5 per month for an average Deposit Account balance between $1,000 and $9,999.99 for up to 12 consecutive months from the date your Deposit Account is opened;
· $10 per month for an average Deposit Account balance between $10,000 and $29,999.99 for up to 12 consecutive months from the date your Deposit Account is opened; and
· $15 per month for an average Deposit Account balance equal to or greater than $30,000 for up to 12 consecutive months from the date your Deposit Account is opened.
The monthly average Deposit Account balance will be calculated on your Deposit Account statement date (once every month) and is mathematically derived as a daily average. If you do not maintain a qualifying Deposit Account balance in any given month, you will not receive a ɧƵ + Openbank Bill Credit for that month, but there will be no impact on your customer status or interest rate with Openbank. You may not be eligible for a ɧƵ + Openbank Bill Credit after 12 months from the date your Deposit Account is opened. If your Deposit Account or ɧƵ Account closes for any reason, or if the mobile telephone number associated with your ɧƵ Account is terminated, you will not be eligible for a full or partial ɧƵ + Openbank Bill Credit for that month or any future month.
Multiple Accounts: If you have more than one Deposit Account, you are only eligible to receive a ɧƵ + Openbank Bill Credit as to the first Deposit Account you open. If other individuals on your ɧƵ Account also maintain Deposit Accounts, the ɧƵ + Openbank Bill Credit will be applied only as to the first two individuals to open a Deposit Account. In any event, a maximum of two ɧƵ + Openbank Bill Credits may be applied to any ɧƵ Account. The maximum ɧƵ + Openbank Bill Credit obtainable is with two (2) accounts, each with minimum $30,000 average balances, resulting in a combined bill credit of $30 monthly, totaling $360 over 12 months.
ɧƵ + Openbank Bill Credit Application: If you qualify for a ɧƵ + Openbank Bill Credit, the ɧƵ + Openbank Bill Credit will be applied to your ɧƵ bill beginning within 2-3 ɧƵ bill cycles following the issuance of your initial Deposit Account statement. ɧƵ is solely responsible for applying the ɧƵ + Openbank Bill Credit based on Deposit Account balance information provided by Openbank.
Interest Rates and Annual Percentage Yields (APYs) shown are accurate and effective as of 3/31/26. The products and rates we offer may vary between locations, are available in select markets only, and are subject to change without notice. This is a variable-rate account and the rate may change at any time without notice. A minimum opening deposit of $500 is required to open a ɧƵ + Openbank Savings account. Personal accounts only. For more information about applicable terms, refer to the Openbank Personal Deposit Account Agreement and ɧƵ Addendum.
©2026 Santander Bank, N.A. All rights reserved. Openbank is a division of Santander Bank, N.A. Openbank, Santander, and the Flame logo are trademarks of Banco Santander, S.A. or its subsidiaries in the United States or other countries. All other trademarks are the property of their respective owners.
2. To get $180 in ɧƵ + Openbank Bill Credits your ɧƵ account must have an Openbank high yield savings account opened through the ɧƵ + Openbank Savings program that maintains a monthly average daily balance equal to or greater than $30,000 for all 12 months you are eligible to earn the ɧƵ + Openbank Bill Credit.
3. The APY comparison is based upon the national average for Savings deposit products as published in the FDIC National Rates and Rate Caps on FDIC.gov of 0.39%, accurate as of 3/16/26.
ɧƵ + Openbank Bill Credit Eligibility and Calculation : Eligible customers must have a mobile telephone number associated with a post-paid consumer wireless account offered by ɧƵ within the United States (the “ɧƵ Account”). To receive a credit on your ɧƵ bill (the “ɧƵ + Openbank Bill Credit”), you must submit an application for an Openbank high yield savings account (the “Deposit Account”) using the application link provided on ɧƵ’s website or mobile app. The amount of the ɧƵ + Openbank Bill Credit will be determined as follows:
· $5 per month for an average Deposit Account balance between $1,000 and $9,999.99 for up to 12 consecutive months from the date your Deposit Account is opened;
· $10 per month for an average Deposit Account balance between $10,000 and $29,999.99 for up to 12 consecutive months from the date your Deposit Account is opened; and
· $15 per month for an average Deposit Account balance equal to or greater than $30,000 for up to 12 consecutive months from the date your Deposit Account is opened.
The monthly average Deposit Account balance will be calculated on your Deposit Account statement date (once every month) and is mathematically derived as a daily average. If you do not maintain a qualifying Deposit Account balance in any given month, you will not receive a ɧƵ + Openbank Bill Credit for that month, but there will be no impact on your customer status or interest rate with Openbank. You may not be eligible for a ɧƵ + Openbank Bill Credit after 12 months from the date your Deposit Account is opened. If your Deposit Account or ɧƵ Account closes for any reason, or if the mobile telephone number associated with your ɧƵ Account is terminated, you will not be eligible for a full or partial ɧƵ + Openbank Bill Credit for that month or any future month.
Multiple Accounts: If you have more than one Deposit Account, you are only eligible to receive a ɧƵ + Openbank Bill Credit as to the first Deposit Account you open. If other individuals on your ɧƵ Account also maintain Deposit Accounts, the ɧƵ + Openbank Bill Credit will be applied only as to the first two individuals to open a Deposit Account. In any event, a maximum of two ɧƵ + Openbank Bill Credits may be applied to any ɧƵ Account. The maximum ɧƵ + Openbank Bill Credit obtainable is with two (2) accounts, each with minimum $30,000 average balances, resulting in a combined bill credit of $30 monthly, totaling $360 over 12 months.
ɧƵ + Openbank Bill Credit Application: If you qualify for a ɧƵ + Openbank Bill Credit, the ɧƵ + Openbank Bill Credit will be applied to your ɧƵ bill beginning within 2-3 ɧƵ bill cycles following the issuance of your initial Deposit Account statement. ɧƵ is solely responsible for applying the ɧƵ + Openbank Bill Credit based on Deposit Account balance information provided by Openbank.
Interest Rates and Annual Percentage Yields (APYs) shown are accurate and effective as of 3/31/26. The products and rates we offer may vary between locations, are available in select markets only, and are subject to change without notice. This is a variable-rate account and the rate may change at any time without notice. A minimum opening deposit of $500 is required to open a ɧƵ + Openbank Savings account. Personal accounts only. For more information about applicable terms, refer to the Openbank Personal Deposit Account Agreement and ɧƵ Addendum.
©2026 Santander Bank, N.A. All rights reserved. Openbank is a division of Santander Bank, N.A. Openbank, Santander, and the Flame logo are trademarks of Banco Santander, S.A. or its subsidiaries in the United States or other countries. All other trademarks are the property of their respective owners.