No. of Recommendations: 2

I'm looking for an online bank that offers a savings account with a high interest rate and one that I can divide my account into different categories that I can name (examples: Property Tax, Homeowners Tax, Vacation, etc).


Maybe I'm misunderstanding your question, especially in light of other answers.

But I have online savings accounts with CapOne360 and Ally Bank. Both easily let me set up various sub-accounts where I can direct money. I have categories like Charity, Emergency Fund, Vacation, Loan Payoff, etc.

Bear in mind that Federal regulations prevent you from transferring from one account to another more than six times per account per month.
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