Save Money on Banking
Beware of fees and transaction costs that banks often try to slip in. Talking with a bank representative will often get these fees removed. Never go below your minimum balance.
Consider Branch Locations
Select a bank that has branches close to your home or work. You'll save money on gas and avoid fees from using another bank's ATM.
Link Your Checking and Savings Account
Having the ability to move money from your savings account to your checking account quickly allows you to avoid going below the minimum balance or incurring other fees.
Earn Interest on Your Savings Accounts
Make sure to find a bank account that offers a competitive interest rate. I have had success with ING Direct, an online account that often offers better rates than traditional savings accounts. It is FDIC insured so your money is as safe as any traditional bank.
Open a CD
If you have extra cash sitting around, you're actually losing money if you aren't earning interest. Consider investing in a short-term certificate of deposit (CD) with your local bank. Short-term CDs (6-months, 9-months, 12-month, etc.) ensure that you will have access to the money in the near future without paying an early withdrawal penalty. Longer-term CDs often will have better interest rates but make sure you won't need the money before the end of the CD. Some banks will offer a better interest rate if you have a checking or savings account with them but still consider other banks because CD interest rates can vary significantly.