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If you are working toward saving money, one of the savings vehicles you may want to consider is a savings account. Savings accounts usually pay interest (although a relatively small amount) on the account, and your savings is generally protected by FDIC insurance. A savings account is relatively uncomplicated, but there are definitely some things to consider and evaluate before choosing and opening one.

First, consider which bank you want to open the account with. Look for convenience, and accessibility, but also consider the interest paid. Some banks only pay interest over a specific account balance, or with some, the interest increases as the balance increases.

Also review any fees that you may have to pay. Common fees include low balance fees, monthly fees, and ATM fees (if you have access to your money via ATM). Any fees that you have to pay will likely reduce your savings, so try to minimize them.

You may consider opening a savings account with an online bank. While online banks are less accessible, they often offer no-fee accounts with larger interest payments. Think about how you will use the account–if you don’t plan to make many withdrawals, it’s probably worth it.

Once you decide upon a bank, you’ll have to determine what kind of savings account you’ll open. A basic savings account offers minimum interest but fewer requirements and restrictions, while money market or high-yield accounts often offer higher interest rates but more restrictions.

After you open your account, remember to start saving. Even if you only have a small amount to contribute each month, even a little money is a great start.