Questions to Ask When Opening a Savings Account

Reporter: Miranda Marquit

Publication: Student Loan Hero


Deadline: May 24, 2017 2:00 pm

Consumers know they need a savings account, but are they asking the right questions? Before opening a savings account, should they ask about FDIC insurance, fees, how to get fees waived, yield, and the purpose of the account. What about figuring out if the account links to a checking account and can be used for overdraft? Requirements: Prefer a consumer advocate or financial planning expert.

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