To open an account with the purpose of savings, you have to visit any bank branch by your choosing. You can also choose to open a savings account online. The standard procedure requires you to present: - Your social security number - A government-issued ID - Funds that will serve as an opening deposit - A valid email address (only if you’re opening an account online) You can use cash to deposit your funds or you can pay for an opening deposit using your debit or credit card. Once the procedure is done, you’ll receive a document with your savings plan, where you can see all the terms of the settlement.