Depends on where you live but an 18 year old just starting out I would look at local to you credit unions or banks. If there looking at going to college many of those have favorable interest bearing checking/savings accounts for students with no fees or minimums and may be a big help if they would need a car loan or something in the near future. Personally think capitalone for regular credit card is fine but there savings and checking accounts sucks and anything they have that will pay you interest you have to have such high balances for it to work that its just not a great place for someone just starting out. Not saying this is everywhere but the credit union that I am at currently is paying 4% apy on checking accounts as long as you have 12 debit card transactions a month, direct deposit check of $400 a month and online banking statements. No minimum amounts required. Something to think about.