Which bank should I open a savings account with?

Question

I just got my first job and I want to know which bank has the highest interest rate for savings account and most important, which bank is better to open an atm/savings account with.

Answer 1

If you have a SEFCU branch. That would be your best choice. I AM WARNING YOU NEVER GO TO KEY BANK. THEY WILL ROB YOU BLIND!!! OPEN AN ACCOUNT ANY WHERE EXCEPT KEYBANK.

Answer 2

http://www.RushCard.com

Answer 3

First of all, a savings account is for just that, savings.  It is not an ATM account.  Transactions are limited and there are withdrawal penalties that add up quick.  What you want is a checking account.

If you are under 18, you can get a teenage checking account at many credit unions across the country.  Check with your local credit unions about becoming a member.  Among the nation's largest banks, Wachovia (minimum age 15) and Wells Fargo (minimum age 13) offer free checking for teens.  Chase offers free checking if your parents also bank with them or you get direct deposit, otherwise it's $6/month.  For all of these accounts, you need a parent to cosign for you.

As far as the savings account, you should open up a savings account at the bank you have your checking with, that way you can use it for overdraft protection.  Once you have saved a considerable chunk of change, you can move part of that savings into a higher yielding CD or mutual fund.  You can check the nation's higher CD rates at www.bankrate.com.  You can also check out that website to compare rate on normal savings accounts across the country.

Answer 4

Any of the big5 i would suppose, or credit unions if you want...

Answer 5

Wachovia and WAMU are great for people who don't have too much money yet and want free checking/savings accounts with decent rates.

Also, check out http://www.bankaround.com to find a bank in your area with the best rates.

Answer 6

State Employees Credit Unions have the highest. You can only use them if you or a close relative works for the state.

Answer 7

go online and google the banks or credit union you are interested in they all post their interest rates and also the charges for using atm machines and decide from there. the websites are updated daily. Always remember to 'pay yourself first' meaning take 10 per cent of your pay cheque and put it into savings account and don't touch it unless you need a organ transplant! With interest you will be amazed at how fast your money will add up.

Answer 8

It depends on how much you are putting into the account.  

If you are depositing $100,000, then the interest rate will make a big difference.

If you are depositing $100, then find a bank that is convenient to you. The gas to drive to the bank will cost you more than the interest you will be earning.  

Answer 9

It depends on where you live. I'd look around.

If you're a student, chances are you'll find a bank that'll give you a free checking account like Wachovia. I've been banking with them since I was in 11th grade and I'm now in my second year of college. My account is still free to this day so if you have a local wachovia, check them out :D

Answer 10

P.C. Financial. (SuperStore). Backed by CIBC. Usual Gov. Ins. to 100 thou.