When you’re choosing a new bank account, generally you’ll want to look for checking accounts with low fees (maintenance, overdraft, ATM) and savings accounts with high interest rates.

Often, online-only providers are able to provide higher interest rates on savings accounts, due to their lower operating costs. If you’re setting aside the funds for a specific purpose, for a longer period of time, a certificate of deposit (CD) can be a way to earn a higher rate than a savings account.

Here are a few other NerdWallet resources to check out, to help you select the deposit product that’s right for you:

Checking accounts

Best Free Checking Accounts

Checking account comparison tool

Best Banks and Credit Unions for Mobile Banking

Savings Accounts

Best High-Yield Online Savings Accounts

Best Savings Accounts

CDs

Compare CD rates

What is a CD (Certificate of Deposit)?

What is a CD Ladder?