The process for opening a new bank account is fairly simple and straightforward these days, whether you already have a few accounts to your name or you're opening your very first one.

Opening a savings account requires a government-issued ID, Social Security number, and proof of address. Most banks let you complete the process online in under 15 minutes. Choose a high-yield savings ...

A brokerage account allows you to buy and sell securities such as stocks, bonds and ETFs. Generally, opening a brokerage account makes sense once you’ve saved for an emergency fund and maximized ...