When choosing a bank it is important to select a bank that offers the products and services you desire. If you only want to throw your money in a savings account and collect minimal interest then you can select any old bank. But if you want to have access to checking accounts, savings accounts, Certificates of Deposit (CD) and other products, then it’s important to shop around and find a bank that offers what you need.

Here are a few things to consider when selecting a bank:

1. Brick and Mortar Bank vs. Online Only
Do you want to be able to walk into a bank to complete your transactions? Then you need a bank that offers branches in your area. Consider how far away the branches are from your home or work, what their hours are, etc. Or you may want to do all your banking online via the internet. These banks typically offer all the same services as brick and mortar banks, though it must be done on the computer.

2. What products/services do you need?
Most big banks can offer almost all products you may need, loans, savings/checking accounts, credit cards, etc. It’s important to shop around and find the best deals. Does the bank have a good reputation? Does the bank have good customer service?

Today, most consumers aren’t limited to the local community banks in their hometown. If you are fine with doing you business online then you have access to virtually unlimited banking options. Consider how important the face-to-face aspect of banking is to you, then start to research banks that interest you and see what services they offer. In either case, it pays to shop around.