Overview

• Verizon customers can now access high-yield savings accounts through Santander's Openbank, offering rates 10 times the national average.
• The Verizon + Openbank Savings account allows users to save up to $180 annually on Verizon bills, enhancing customer value.
• This partnership supports Santander's goal of transforming Openbank into a full-service digital bank by the end of 2025.
• Openbank has already surpassed $3 billion in deposits, reflecting rapid growth in the competitive U.S. digital banking market.
• The initiative highlights the growing trend of cross-industry collaborations to address customer needs and drive innovation.