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Savings Accounts FAQ

Frequently Asked Questions about Savings Accounts

    How much money do I need to open an online savings account?

    Many of the online savings accounts reviewed on NextAdvisor.com have no minimum balance requirements. Some, though, require an initial opening balance of at least $1, or at least $100.

    Return to Savings Accounts FAQs


Search our site for more information about Savings Accounts:

Top 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
Discover Online Savings Account
Rating:
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Bottom line: Good choice with comparable APY; has opening deposit requirement but $0 minimum balance
EverBank
Rating:
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Bottom line: Good for those who will maintain a balance above $5,000

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