5. PROTECTION
From overdraft protection to FDIC insurance, you want to make sure your cash is in good hands. Overdraft protection rules are key, considering fees average close to $30 for each bounced transaction. Meantime, FDIC insurance is up to $100,000 per individual per account.

As always, you want to shop around for the most competitive savings rates. Visit www.bankingmyway.com to comparison search banks in your zip code.

Catch more of Farnoosh’s advice on Real Simple. Real Life. on TLC, Friday nights at 8 p.m.