Emergency Fund - Start One
Banks offer different choices. A Bank Of America Savings Account may offer you a higher savings account rate than another bank. It may off you a lower rate. You shouldn't get too worked up over those details. As always, keep it simple. Open one and drop as much money as you can afford directly into it. After that, you need to set a monthly allotment of an amount you can afford to part with. Having 10 or 20 dollars deposited into your account may not seem like much, but that is $120 - $240 a year that you may have if you blow a tire and need to buy a new one. Of course, if you can, put more than that into it. $50 - $100 a month are better options. Now after a year you may have $600 - $1200. Doesn't that sound nice?
I cannot stress the importance of having some sort of an emergency fund readily available. There are many banks that can help you out and offer more in depth options than what I have written about here. Contact a few banks and find out what you can get. But start one today, or else. Sorry, that was a bit dramatic.