What are the fees associated with a savings account?

The fees associated with a savings account can vary depending on the bank or financial institution that you choose. Some common fees that may be associated with a savings account include:

1. Monthly maintenance fees: Some banks charge a monthly maintenance fee for their savings accounts, which can vary based on the type of account and your account balance.

2. Minimum balance fees: Some savings accounts require you to maintain a minimum balance, and if you fall below that balance, you may be charged a fee.

3. Withdrawal fees: Some banks may charge a fee for each withdrawal you make beyond a certain number of transactions per month.

4. Overdraft fees: If you try to withdraw more money than you have in your savings account, you may be charged an overdraft fee.

5. ATM fees: Some banks may charge a fee if you use an ATM that is not in their network.

It is important to read the terms and conditions of any savings account before opening one to understand any fees or charges that may apply. Some banks may also waive certain fees if you meet certain requirements, such as maintaining a certain minimum balance.