How Do You Decide Which Type Of Bank Account To Open?
Many banks and credit unions offer a wide variety of different account types – savings accounts, checking accounts, money market accounts, investment accounts, certificates of deposit and more. Every person is different, and there may not be one blanket account that will work for every person. Depending on what your financial needs are, there may be one account that will suit you better than another. Determine how much money you plan on putting into your bank. This is very important, and depending on the level of funds you are working with, one account may work better for you than another. Open a basic checking account. In almost all circumstances a checking account will be suitable for everyone. You will want to have a checking account to pay your bills out of, get some quick cash for the weekend, or pay back someone you owe some money to. Checking accounts earn little to no interest, so you will not want to keep all of your money invested in this sort of account. Consider investing i
