Are there any fees associated with a savings account?

Yes, there may be some fees associated with a savings account. These fees vary depending on the bank or financial institution that you choose to open your account with. Some of the common fees include account maintenance fees, ATM fees, and overdraft fees. Some banks may also require you to maintain a minimum balance to avoid fees. It is important to carefully read and understand the terms and conditions of any savings account before opening it to avoid any surprise fees.