As the executor of my brother's estate, I obtained an EIN for the purpose of opening an account to pay bills that he left due. From what I have read, this can be a checking account or savings account/moneymarket. The estate is small (less tan $5,000) and I don't anticipate having a need beyond 1 year to clear up any claims.
Obviously, I don't want the estate money to be depleted by bank fees and I won't have much of a balance at any one time.
So what is the best banking solution for my situation? I can't be alone on this; i.e. there must be many thousands of people who face this situation every year.