I am little confuse with US saving account system. I am a student F-1 visa. Need to save couple of dollars. What options are availabe for saving and CD accounts? Which bank is the best and what are the required documents ? Please help me out.

try ingdirect.com
Its good

OR Bank of America

Just because they have national and international branches.

I recently inquired few banks. they all ask for green card or citizenship. I have a checking account in bank of amrerica. but there saving rates are not that great.

Very easy--
IngDirect.... and the interest you earn per year is around 4.5-5%
The best deal you can get. This is true because they have very few physical location and that saves them a whole lot.

For CDs, ST Bonds, and such... it's a lafada for intl. students because they need all the details.

does ingdirect required both checking and saving account or just saving account? can you please tell me more in detail?

You can transfer any amount to ingdirect from any bank and you can transfer back with out any fee. send me your email address I can invite you and you will get $25 if you open the account with $250.

Go with washington mutual if there is any in your area. U get 4.5% interest on saving account. U have to open checking account too but its too easy.

Bara nepal ji,

         I work in the bank and we have systematic Saving account which require just $50 to open up and that is the minimum you have to keep it up.The interest earned is 3.45% .For this you do not require the Checking & Savings account. If you need some help just let me know