<human>: I'm your typical US student, went through all of public school and college without learning about banking in class and now I'm totally lost going into the real world. Not understanding how this all works is truly very embarrassing thus the throw-away, but I'm sure there are other redditors out there in the same situation, hopefully they see this. 

 I don't feel I'm a total idiot, I understand credit for the most part and how the Macro economics side effects loans and rates and such but am lost when it comes to more personal finance issues. Although I had jobs every summer I only got a checking account, with my parents assistance, my senior year. It's been 6 years since then and I've been using the same no-min, free checking account the whole time. I have a job lined up pretty far from where I'm going to school and I have no idea where to start looking for a bank there (Mine is a local) or what type of account I should be looking at. I am a teach a man to fish kinda guy so I'm not asking for anyone to find a bank for me but I have some questions below that I think will help.

So with my background and everything out there the main questions are: 

**1)**What do normal adults do for banking?  

**2)**Should you make separate accounts for bills/rent and  everyday/eating out/steam account?  

**3)**Do most people have a checking and some sort of savings?  

**4)**What if any savings account should I have?  

**5)**What's a good interest rate?  

**6)**How often should it be compounded?  

**7)**And how can I begin my search to even find a bank and is there any just normal or typical advice or knowledge I should have going into this quest?  

**Since I feel I don't know anything I'm probably missing something so if I missed something important let me know!

Can you succinctly summarize the text in 1-3 sentences?
<bot>: 24 year old who doesn't know the difference between a money market and a credit union. I can't be the only one in this position, what do I need to know or where can I learn?