Shu Chang, 22, has just moved to Denver to begin her first professional job. She is concerned about her finances, specifically, she wants to save for a rainy day and a new car purchase in 2 years.

• Shus new job pays $30,500, of which she keeps $24,000 after taxes.
• Her monthly expenses total $1,600.
• Shus new employer offers a 401(k) plan and matches employees contributions up to 6 percent of their salary.
• The employer also provides a credit union and a U.S. Savings Bond purchase program.
• Shu also just inherited $5,000.

Shu has started shopping around for accounts to hold her liquid assets. She would like to earn the highest rate possible and avoid paying fees for falling below a specified minimum balance. She plans to open two accounts: one for paying monthly bills and another for short-term savings.

Based on the information above, answer the following questions in a few sentences.