We found that a savings account would work best for our family. Savings accounts have easy access to the money and earn some interest. We looked into Huntington, American Express, and Capital One. At Huntington we looked into the Premier Savings account, the simplest savings account. This savings account earns 0.02% annual interest which would not make much growth. The benefits include free checking, 24 hour overdraft protection, no monthly maintenance fee, and FDIC insured. At American Express their Personal High Yield Savings Account has an interest rate of 0.90% and is FDIC insured. This account has no monthly fees or minimums. It also links easily with current banks, so there is no need to switch banks. Capital One 360 Savings earns 0.75%
