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No. of Recommendations: 4
* I'll be displaying these as APYs since those are most directly comparable, even though you can only earn the stated APY on money you deposit and leave alone for a year. If you transact, there's less time for interest to compound on itself and thus the amount you earn is lower.
* "MinBal" refers to the balance you must maintain in that account to avoid fees. It does not refer to the minimum initial deposit. With some accounts this number is compared to your average daily balance; with others this number is compared to your minimum daily balance.
* "Savings" refers to the better of MMA or savings account.
* Limited to:
--- accounts where all information is disclosed on a public website
--- accounts available to the general public (no age or geographic restrictions)
--- accounts where is possible to avoid all fees by keeping a minimum balance in the account
--- accounts where that minimum balance is $10,000 or less (I will only list a $10,000-minimum account if all accounts with lower minimums have 1% APY or less)
* Teaser rates are marked with an asterisk.
* If two accounts have very similar rates (within 0.10 percentage points), I choose the one with the lower minimum.
* All numbers taken from bank web sites, today. I believe these rates to be accurate, however please check them yourself -- I am human and I make mistakes!
* Account terms and conditions may vary greatly (billpay, ATM rebates, checkwriting privileges).

Bank Checking MinBal Savings MinBal
Amex 0.65% 2500@ 3.05% 5000
BankDirect 1.25% 2500 1.25% 100
BankOfInternet 0.50% 1 2.15%# 1
CharterOne 3.25%* 2500 2.01% 10000
Discover not offered 1.53% 5000
E-tradeBank 1.41% 5000 2.05% 1000
FirstIB 2.05% 500 2.55% 4000
Hooch 1.77% 1500 2.03% 100
IndyMac 1.25% 1000 2.75% 1000
ING not offered 3.00% 1
Legacy not published 2.75% 10000
Nat'lInterB 1.20% 1500 3.01% 200
NetBank 1.51% 1 2.75% 250
Nexity 1.25% 500 3.00% 1000
PCBanker 2.80%^ 1000 2.40% 1000
State Farm 1.61% 2500 2.63% 1
Stonebridge 2.50% 100 3.00% 1
Umbrella 2.85% 5000 3.00% 100
Zions 1.76% 2500 3.05% 1000

@ Amex will also waive the monthly fee if you maintain a combined $5000 balance.
# Bank of Internet savings - only for accounts below $50,000.
^ PCBanker Checking - only for accounts below $10,000.
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