Business Bank Accounts questions

[Austin Davis]

Hello BP,

My brother and I are starting our business together and just got our LLC established. I have a couple "getting started" questions about getting a business bank account that I would like opinions on.

1.  Is there an advantage to going to a national bank over a local bank or credit union for our business accounts?  

2.  I assume I also need to open a savings account for deposits, correct?  Or would it be smarter to put deposits into a CD?

Thanks!