Savings Account Help!!!?

[bridetobebrandie]

Hello everyone.

I recently opened a Way2Save account and then realized you could only make deposits into the account through an automatic, electronic deposit each month. Does anyone know if the Premium Savings lets you have a checkbook for the account so you are able to go to the bank and make deposits (just as you would with a normal account)?

I would like an account that I can go anytime I want and make a deposit. Anyone know of any other banks that offer this or do most of them make you do deposits only electronically?

[doreen k]

Consider opening a savings account at a credit union. They usually offer higher interest rates for savings and rarely charge fees. Since the 1980s, they have been opening up their membership requirements, so most people are able to join a credit union.

My credit union, which is open to anyone living in Washington State, has a First 5 savings account that pays 6.12 percent annual percentage yield on the first $500 in the account. I calculated that it is the best account up to a balance of $2,500, due to the blended rate being higher than any other options. Once I accumulate $2,500 or more, then the money market account pays higher interest.

Good luck!

[blazeard]

Most banks let you do it in person. If you work, I would recommend opening a checking and a savings account with the same bank and check that they will let you electronically transfer the money from one to the other without any fees.