how do you close a savings account 
most banks allow three ways to close an account you can either visit the bank in person submit a written cancellation request form or close the account over the phone in each case you may be asked to provide identifying information the bottom linesavings accounts offer one of the simplest ways to earn interest on the money you have they offer higher interest rates than a regular checking account while still making it easy to spend and withdraw money however savings account rates are much lower than other investments and they don t keep pace with inflation consult a financial advisor to review the options for you money to meet your financial goals 