Savings accounts at the local bank are never going to match the rates of the best online bank. Makes sense, since the online branch doesn't have to pay tellers, branch managers, utilities, and a lease. But let me tell you why I like to bank online:

• No long lines.
• Can check my account at any time, anywhere with Internet.
• Highers rates - 2.45% APY - One of the highest savings rate in the country.
• No Monthly Fees
• No minimum balance requirement.

You can actually get a higher rate putting it into an online CD, but that locks your money. And who knows how wildly inflation is gonna swing. Liquidity is nice in this unpredictable economy. HSBCDIRECT 2.60% APY SAVINGS ACCOUNT