Opening a savings account is always incredibly important, but especially these days. Whether you are young or old, employed or unemployed, savings accounts can help give you the financial security you need, protecting you from overdrafting and overspending. They can also allow you to better prepare for investments or unforeseeable circumstances. But it’s not all doom and gloom, because they’re useful for vacation planning too. No matter what you want your savings account for, there’s a ton of information everyone should know before they set one up. Choosing a savings account will require some time and research. You don’t want to just open an account haphazardly, only ending up losing a large portion to ridiculous fees. If you are interested in opening an account for yourself or another, check out these most frequently asked questions about choosing a savings account.