Repeat A: I'd like to open another account. B: That's great. What kind of account would you like to open? A: I already have a checking account here. B: So would you like to open a savings account? A: Will I earn interest on the savings account? B: As long as you make regular deposits and do not make withdrawals. A: What is the interest rate? B: You will earn one percent interest per month. A: Can I transfer money from my checking account? B: Of course you can. We can even set it up so it happens automatically. A: Are there any fees? B: There is a one-time $10 service fee.