Banks are interesting. They exist in a surprisingly competitive market but offer horrible terms.
[Insert lengthy blog post on banks' conflicts of interest here]
After a bit of digging around the best banks I have found are Ally and ING Direct. Ally for offering a small amount of interest checking, a few ATM fee refunds a month, and low overwithdrawal fees (not the same as "overdrawn" fees, Ally will charge you once per day only on days when transactions occur). ING Direct for also offering a small amount of interest checking, free ATM withdrawals with certain partner networks, and overdraft at below market revolving interest rates. Compare these with any other bank, especially big ones.
If you do even some cursory research you'll notice one thing if nothing else: Ally excepting, the bigger the bank the worse the terms. Conversely (inversely?) the smaller the bank the better the terms. This is why I'm a member of ING/Sharebuilder, Ally, and a local credit union.
**Speaking of credit unions, a small shout out for great loan terms. The interest rates on car loans at my CU are slightly better than comparable offers from anyone outside the automotive industry. Sometimes new cars offer no interest for 60 months and you can't beat that!**
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