KeePass is a free password manager that's available for Windows, with unofficial ports for other operating systems.
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Pro Regular updates
On average a new point release is available every 3 months.
Pro Intuitive categorization options and search for managing entries
Entries can be categorized in folders and subfolders and quickly found using search.
Pro Autofills passwords securely
KeePass uses a feature called AutoType that pastes passwords in browser window using a combination of virtual keystrokes and clipboard obfuscation for added security against keyloggers.
Pro Multifactor authentication
Keepass offers a combination of master password, key file and user account verification.
Pro Allows useful scripting via KPScript plugin
KeePass can set global hotkeys to fill in credentials while on a sites log-in screen. Scripting can launch a site or other application and perform any necessary log-on steps securely. It requires the KPScript plugin.
Pro Powerful built-in password generator
Password generator can be adjusted to use or exclude certain characters, patterns, external algorithms and principles.
Pro Extensive plugin and extension support
KeePass is consistent and stable across all versions of Windows.
Pro Free and open source
KeePass being open source means that a number of people have reviewed the code and found it to be secure.
Pro Powerful built-in synchronization mechanism
KeePass v2 has a built in sync mechanism that allows setting appropriate level of sync, kind of sync, and choosing between a number of sync sources (Dropbox, Drive, etc).
Pro Offers multiple sync options
Since the database is stored locally it can be synced across devices using a cloud storage service like Dropbox, Google Drive or via a file sync tool like BitTorrent Sync. KeePass v2 also provides a powerful built-in synchronization mechanism.
Works as a portable application that does not need to be installed and can be carried around in an external device.