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I'm looking for someplace to put the portion of my e-fund that I want to keep in cash. After looking at options, a high yielding checking or savings account seems the best bet. However, I've never banked online. I'm not interested in bill paying or linking accounts or anything like that. All I want is a safe holding location with easy and quick access.

With that in mind, I've got two questions…

1) How do I check out a bank's soundness?

2) Because of what I want out of this account, is there any reason (besides soundness of the institution) to look beyond who's giving the best interest rate and what their deposit limits are? For instance, if I find Presidential Bank sound enough, why shouldn't I just go with them for their 2.72% rate?

Thanks for the feedback,
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