Things You'll Need:
- Computer with Internet access
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Step 1
Determine what type of investment you are looking to make. If you want need to write checks, look for a checking account. Savings accounts usually do not offer the ability to write checks, but you can withdraw your money at any time, and they will usually offer a higher interest rate than checking accounts.
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Step 2
Determine how much money you have to allocate to the account. Often times banks will offer a higher interest rate for accounts that meet a minimum balance requirement.
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Step 3
Go to sites such as Bankrate.com (select "Checking and Savings") or MoneyRates.com (select either "Savings Account" or "Checking Account"). There are other sites available online that provide these free services as well.
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Step 4
Select whether you are looking for a checking or savings account. Then select the features you are looking for in the account and click "Search."
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Step 5
Compare the online banking options presented to you based on rates, fees and account minimums. Determine which of the options is best for you and click the name of the bank to apply.
