You do not want a tank with the water surface open to the atmosphere that draws in (non-sterile) air when you use water (and the air escapes when the tank refills).
So nowadays bladder tanks are the best choice. The tank should be positioned with the air valve upwards and the air valve should be left open. Optionally pressurize the tank while it is empty to about 3 PSI and close the air valve.
The higher you prepressurize the tank to, the less water will enter the tank before system pressure (water main pressure or well pump pressure) is reached and the inflow stops. Meanwhile if you let the tank fill up and then close the air valve, a partial vacuum will develop in the tank in time of need and gravity will not be enough to get water out.