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Savings Accounts FAQ

Frequently Asked Questions about Savings Accounts

    Do I have to change banks to open an online savings account?

    No. Most online banks do not require you to maintain a checking account in order to open an online savings account. You can usually create an electronic link between your existing checking account and your new online savings account, in order to facilitate transfers.

    Return to Savings Accounts FAQs


Search our site for more information about Savings Accounts:

ING Direct
Rating:
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Bottom line: Feature-rich, reliable, and fast
Ally
Rating:
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Bottom line: Good, high-yield option with $0 minimum balance and $0 start up deposit
HSBC Advance
Rating:
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Bottom line: Great choice, particularly for those who want ATM access
EverBank
Rating:
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Bottom line: Good for those who will maintain a balance above $5,000

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