[header] How to decide which type of bank account to open [title] Consider opening a basic checking account. [step] A checking account is an account that you can make both deposits and withdrawals on a regular basis, and there are generally no transaction restrictions. You will probably want to open a savings account with a checking account as they earn little to no interest, so your money will not grow. 
A checking account also offers you the flexibility of writing checks out of the account to pay for things like your phone bill, cable bill, etc. [title] Consider opening a money market savings account.