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you want to make sure whatever bank you use that they are a SAVINGS bank and not a COMMERCIAL bank. Larger commercial banks are not going to have as good of a rate because they are more into larger loans for businesses. Then decide how long you want your money locked up for. Also are you going to be adding to it or just putting away a large sum. CD's are good, but you usually can't add to them without renewing the life of the CD. A simple statement savings account will allow you to add but if you aren't disciplined enough to not take out they aren't good.
CD's will probably have better rates in the long term usually up to a year, but if you go short term you can probably find a decent savings account. Just go into the banks and get their rate sheet, most of them have it posted in the front of the bank.
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