A Savings account can be opened either individually or jointly with another individual
. There is a separate format for opening it jointly, wherein you will require the identification proof of both the parties and a mutually signed document as well. An individual account as mentioned above is very easy to open and use. In a joint account both the users will require to sign at the time of opening as well as closing the account, though at the time of signing checks either one can issue it. It is very easy to withdraw funds from a savings account hence it is advisable to keep your money there. Unlike fixed deposits, where no doubt you earn more interest, but taking out money is not instant and requires some time in doing so, in saving account you can instantly take out money. It is this ease of liquidation of money is what makes it very feasible as compared to others. Today more or less every individual owns savings accounts. There are a number of banks which have come up and they give a lot of joining schemes just to out do the other. You can check the details by visiting our saving account finder website.