How to Open a Savings Account | Banking Advice
A savings account is an important financial tool that helps protect your money and allows it to grow. Whether you're getting a savings account for the first time or interested in switching banks, knowing the steps to open a savings account can help you streamline the process.How to Open a Savings Account "The process to open a savings account varies by bank, but typically, you can open an account in person or online by showing the appropriate proof of identification and filling out an application with your information," says Kendall Meade, a certified financial planner at SoFi.The steps may vary depending on the bank and type of account, but here are the common steps involved:
Compare your options. Start by deciding which bank and type of account best suits your needs. Meade says it's im...