<prompt> Human: Hello, I have recently turned 18 and I wish to open a number of bank accounts. I am planning to open a checking account golden1 or schools credit union, an online savings account capital 360, and a Roth IRA. I currently have about 5000 saved up from being employed, and I am about to enter college next year. The question is how should I distribute these funds into the accounts, and whether or not I should open other accounts I heard money markets are better than savings accounts  <response>: If 5000 is all you have to your name, and youre about to go to college - keep it all in a 1 savings account because you will need it during the next 4 years.If your parents or loans will fully fund your college years- open an account with vanguard, split the 5k between a few of their funds and dont touch it.Also, read the wikis 