How to Open a Savings Account

Starting a New Savings Account

September 2012

Opening a savings account could not be easier.

All you need is your Social Security number, some form of ID (a driver's license or a passport will do fine) and, if required, the minimum amount required by your bank for an initial deposit to start a savings account.

As with any other financial decision, be sure you're making an informed choice when you open a savings account.

Ally's Online Savings and Money Market accounts offer some of the best features available. Not only do they offer get great interest rates that compound on a daily basis, but there is no minimum deposit to open and all are FDIC insured. Read more about them and see which one works best for you.

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