What bank would be the best one to open a savings account?

Question

Hi, I wanted to open a savings account and which would be the one with the most benefits for a student.


Please and thank you. :]

Oh right sorry I forgot about that, I'm in Texas.

Answer 1

Well,

In determining what would be the best place to open a savings acount, you may want to look for a local credit union. Many larger universities have their own onsite credit union for employees and students. As far as banks go: Bank of America and Citibank (if you have citi in your area) usually offers really good rates for savings accounts. But you are better off getting a credit union.

Answer 2

If you don't need to have all of the money available all the time, try opening a combination of a checking account and an ING Direct Orange savings account. This is what I do. I've found that the ING Direct account has a much higher APY than any savings bank by far, at 4.5% while most banks are somewhere around 3%. However, you do need to wait 4 or 5 days to make a transaction from account to account, because you can't withdraw directly from the ING account, so it's necessary to keep as much money in the checking account as you might need in those 4 or 5 days. If you don't have more than a few hundred dollars at a time (because you *are* a student) then this might not be feasible. But I've found it works perfectly for me, and I'm constantly shifting money back and forth.

Answer 3

They were a great bank when I had them! I only got rid of them when I moved to Los Angeles and didn't have direct deposit. As for a savings account, look into a credit union. The interest rates are higher than a bank, the minimum is lower than a bank, you are fully insured and you get nice perks with your accounts.

Answer 4

Find out online or in your local phone book which banks are near you. Online, compare the interest rates or student benefits they offer. The bank that is most suitable for you is one which you will be able to access easily - which generally means one close by where you live or where you are a student. Accessibility is the key.

Answer 5

I agree with Jon, The best place to keep it is at ING they have one of the best rates available in a liquid account, its also convenient because it takes a few day for you to access the money, so if you ever need to get to it give your self a couple of days. It also works great if you always dip into your savings little by little. This will give you a buffer of a day or two so no splurging.

Answer 6

Wells Fargo is good for a bank. But I would go to a local Credit Union. It's a community thing. And most Banks are run by the man! They charge lost of fees, where as most Credit Unions don't.

Answer 7

Online savings accounts such as those found on websites such as emigrantdirect.com offer the best rates since they don't have to deal with large amounts of employees and paper costs. A simple search for online savings accounts should bring up very promising results!!!

Answer 8

Hi there, Im 17 and have a savings account with Abbey, theres one called an isca, pronounced(ice-a) its got a very high intrest rate and you can put up to 3000 pound in it, my dad recomended it.
Very good!

Answer 9

Call three banks near you, ask what intersest rate they pay on savings accounts, what the minimum starting balance is, and then pick one.

Answer 10

None. Go to a building society.