<prompt> Human: Hi rpersonalfinance, I am a 26 single mother, I kept savings at home in a safe, which is unsafe. I wanted to open the correct savings account. I dont really have a goal for saving but I want it to earn some interest and be able to keep adding to my savings through out the months or years. Which is the best account for me? Will I have to report it on my taxes or any other government agency?  <response>: Open a checking and savings account with a local credit union or small community bank, then open an online savings account. 