Sometimes I will stray out of my lane into the financial realm. This is one of those times.
When you are considering banks, reviewing your current financial institution or whatever there is one thing to make sure of: Get something from it! Try to find an interest bearing account and the highest one possible without fees. If you are finding a savings account like that do a search to find a high yield savings account, usually these are online, but very good.
Another piece of wisdom I have is mix it up and think about the benefits you are looking for. If you want the high yield savings, don’t pick a credit union whose purpose is loans (hence credit being in the name). I have nothing against credit unions, but they don’t pay high interest, but you get better rates on loans, so think of your purpose. There are a lot of financial institutions not just the major things, so do your research. Make sure you are getting the right benefits for you. You don’t have to put all your money in one place. Have a savings account at a credit union, have a bank account, but there are more places to bank than just a bank.
When I was a very young kid, my parents opened an account for me at a credit union. As I got older, I let it grow and added to it as I could, more so when I started working. As I got older there was a local (non-national) bank that started offering a very high rate (for that time) on their checking account, so I moved my money there and kept my “savings account” at the credit union until I moved away.
Please keep in mind, this is my take and the other contributors may think differently than me, so you may see differing opinions.