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As a recent high school graduate you are thrilled with landing a job at the International Paper company. Your goal is to spend a couple of years working there, banking your spare change and saving up to help off set some future tuition costs.

Opening the best savings account with a high interest rate is the best place to start building a nest egg. Your money will be insured by the FDIC and it will be earning a rate of return over the long run.

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While you are at it, setting up a free checking account will allow International Paper to make direct deposits into your transactional account. That way money will flow in, your bills can be paid on time and your plan can be easily followed.