Most financial institutions automatically offer a savings account to customers that open checking accounts. Usually, the account holder agrees to open the account without question. However, choosing the right savings account is an essential part of creating a sound financial foundation that makes sense for the individual.
To choose a savings account without much thought can cost money in terms of lost interest and potential monthly fees associated with certain accounts. What factors should be considered when selecting a savings account? Which financial institutions are ideal? These and other questions will be answered under the topics: