2. Low Minimum Requirements

Your banks should have minimum requirements that are fairly low. Some bank accounts will charge a fee if you drop below a certain minimum. While this is reasonable for a money market account, a standard checking account should have no minimum deposit requirement. Remember always find a financial institution that offers a range of accounts with no minimums.

3. High Yield Options

You want more for your money, and thus your bank should offer high yield accounts. Look at the options offered by savings accounts, and find out whether there are special savings accounts with better yields. You can also ask after interest bearing checking accounts, and consider CDs.

In some cases, local banks are offering very competitive rates, so it might be worth it to look close to home as you consider your banking options. In some cases, it might be worth it to consider online banks for some accounts, since you can get higher yields.