Santander savings options
From college to retirement, we all have goals we're saving towards. Our interest-bearing CDs, money market savings, and savings accounts are fit for your short- and long-term goals. Let us help you get started.
Santander Select® Money Market Savings
Enjoy better rates and benefits with your Santander Select relationship*. Exclusively available to Santander Select® Checking account holders.
Santander® Money Market Savings
Grow your money faster, whether you’re saving for a rainy day or a nice vacation, with higher rates on higher balances.
Santander® Savings
Discover an easy way to start growing your savings and the perfect partner to your Santander checking account.
Certificates of Deposit
If you don't plan on tapping into your savings, then start earning interest on a fixed term with a guaranteed rate.
Looking for an elevated banking experience with unique privileges and exclusive rates and benefits? Explore Santander® Private Client.
Compare Santander Savings Accounts
| Account | Santander Select® Money Market Savings | Santander® Money Market Savings | Santander® Savings |
| Monthly Fee‡ | $0 | $10 | $1 |
| How to waive the Monthly Fee‡ | Must own a Santander Select® Checking account in order to open | Waived with any personal Santander® checking account or with a $10,000 average daily balance in the Santander® Money Market Savings account. | Waived with any personal Santander® checking account or with a $100 average daily balance in the Santander® Savings account. Additionally, the Monthly Fee is waived if any owner on the account is under age 26. |
| Interest earning? | Yes | Yes | Yes |
| Minimum opening deposit | $25 | $25 | $25 |
| ATM withdrawal fee§ (domestic non-Santander ATM) | $0 | $0 | $3 $0 if any owner on the account is under 26 years of age. |
| Free Paperless Statements? | Yes | Yes | Yes |
| Paper Statement Fee | $0 | $0 | $0 |
| Mobile Banking and Online Banking? | Yes Find a branch | Yes Find a branch | Yes Find a branch |
Helping you save every step of the way
Our handy tools and services can help you understand when and how to reach your goals faster.
Tools and Services
Auto Save to make recurring transfers from checking to savings
Direct Deposit to split your deposit between checking and savings
Set up alerts to manage your progress and stay on track
Mobile check deposit to easily make check deposits at your convenience
Bank anywhere, anytime
Manage your account whenever and wherever you want with our Mobile Banking App.
Download our Mobile Banking App
Unlock on-the-go features with our highly-rated Mobile Banking App.
Enroll in Santander Online Banking
Manage your money securely by enrolling in Online Banking.
Learn more about Online Banking
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FAQs: Savings
All savings, money market savings and certificate of deposit accounts can be opened in a Santander bank branch. To open an account, you will need:
- Your Social Security number
- A government-issued ID
- Funds for an opening deposit
- A valid email address
You will begin to earn interest as soon as the funds in the account are available in the bank.
Yes, you can open a savings account jointly in branch with anyone 18 years and older, or a child under the age of 18 if you are their parent or legal guardian. Learn more about joint savings and joint checking accounts.
Interest accrues daily and is credited to your account monthly.
Support resources: Savings options
We’ll guide you on your financial journey.
How much could my savings be worth?
See how your deposits can contribute to greater savings over time.
Emergency savings Are you prepared for an emergency?
Discover the importance of emergency savings to your financial future.
Money market vs. savings
Learn about the differences between a money market savings account and a savings account to see which one is right for you.
Find Us
Branches across the Northeast and in Miami, Florida, plus 2,000+ ATMs.
*Rates are available for new money market customers only. This is a variable-rate account and the rate applicable to your balance tier may change at any time without notice. Rate is available when account is opened within the residential ZIP code entered. Rates in other locations may vary. Fees may reduce earnings. A minimum deposit of $25 is required to open a Santander Select® Money Market Savings account. Personal accounts only. Must have or open a Santander Select® Checking account. All other fees apply. For more information about applicable fees and terms, refer to the Personal Deposit Account Fee Schedule or visit your local branch.
†Check with the IRS or a tax professional. Santander does not offer tax advice.
‡Per service fee period.
§Domestic ATMs are ATMs in the 50 United States, the District of Columbia, and Puerto Rico. ATM owner may charge a separate fee. Apple, the Apple logo, Apple Pay and Touch are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries.