Santander Bank, N.A is headquartered in WILMINGTON and is the 3rd largest bank in the state of Delaware. It is also the 31st largest bank in the nation. It was established in 1907 and as of March of 2025, it had grown to 5,407 employees at 401 locations. Santander Bank, N.A's CD rates are 4X the national average, and it has an A health rating.
Openbank Just Updated Their Cell Phone App
For you poor suckers like me Openbank by Santander just updated their cell phone app. You won't be able to log on with your old app, but simply go to your Apple or Android site and install the new openbank app, then click on "update". I had just transferred some money to my Openbank Account last night and this morning spent some nervous hours as I couldn't get onto my account. Just now called them and they have a recording about the app update. I did the update and was right back on my website.
Openbank Not Open Bank
Beware 4.75% becomes 4.40% on the day you make your deposit and it will take you two weeks to get your money back
Openbank Savings - Bait And Switch
Bait and Switch - Their online bank - OpenBank - offered a high rate to start, and then after a month dropped the rate significantly to lower than the rate of all my other savings accounts.
It was very hard to confirm on my phone every time I wanted login on my PC. It wasn't just a regular click on confirm, or fill out a 6 digit code - they did a weird way where you have to actually login to your account on the phone app and then approve.
Should Not Be Listed On Depositaccounts.Com
This bank does not offer online cd's. From their website "Certificates of Deposit and Individual Retirement Accounts can only be opened in branch. "
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29950 |
| Year Established | 1907 |
| Employees | 5407 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.53% |
| Return on Equity - YTD | 4.28% |
| Annual Interest Income | $1.14B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $104.6B$102.2B |
| Loans | Q1 2025vs Q1 2024 | $49.77B$54.02B |
| Deposits | Q1 2025vs Q1 2024 | $80.78B$76.41B |
| Equity Capital | Q1 2025vs Q1 2024 | $12.84B$11.92B |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $1.28B$1.48B |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $1.06B$800.7MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $54.4MM$19.4MM |
