How much interest is paid on deposit accounts?
Interest rates on deposit accounts are so low that some consumers may be tempted to skip this step, but Weinstock says you should find out if your account pays interest or not.
"The problem is the interest rate changes often," Weinstock says.
You can ask how often interest rates are changed and whether there are minimum-balance or other requirements to earn interest before you switch banks.
Banks that try to attract more deposits will offer special, high-interest accounts to customers who meet certain usage requirements such as multiple debit card transactions and direct deposit.
"Credit unions have been proliferating in recent years and often have lower fees and higher interest rates for deposits," Freedman says.