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Features:

* Interest Rate: If the account pays interest, what is the rate currently? Ask for the “Annual Percentage Yield”, which makes it easier to compare banks that compound their interest at different frequencies. Keep in mind that after you open your account, your rate will continue to change from week to week.

* Convenience: How close is the nearest branch? How long are the lines when you go? Is the bank open when you need them, or do they open late and close early as many banks do?

* FDIC membership: Are they a member of the Federal Deposit Insurance Corporation? If so, your deposits will be insured up to $100,000.

* Size: Is the bank large or small? Some people feel more comfortable with a larger bank, while others believe small banks can offer better customer service.

* Minimum deposit: What is the minimum deposit required to open an account (if any)?

* Limitations: Are there any limitations imposed on the account? (for example, the number of checks or transactions per month)

* Availability of Funds: How soon after you make a deposit are you able to withdraw against those funds? Different banks have different rules.

Services:

* direct deposit

* ATMs

* banking by telephone (what can you do over the phone, and when?)

* online banking

* credit cards

* debit cards

* overdraft protection

* canceled checks (included with monthly statements?)

* loans and mortgages

* stock and mutual fund trading

* retirement planning services

* small business services

* access to international money markets

* copies of previous monthly statements

* deposit slips and other slips

* phone support

* talking to a teller in person

* debit card fees

* traveler’s checks

* loan application processing

* safe deposit box rental

* cashier’s checks

* stop payment

* wire transfer

* money order