Im wondering more or less online bank? not paying bills online, but bank that are basically online?

Definitely a smart way to dance. The money you'll be making is real, and online-only bank can offer much complex interest rates because they don't have to preserve up brick and mortar businesses pay for air-conditioning, dampen coolers and donuts on Saturday mornings.

If you want a quick comparison of High-Yield Savings accounts, I distinctly recommend LendingTree's new reserves comparison site:

http://lendingtree.com/highyieldsavings/...

*** And remember, any interest you gain over the course of the year will be reported in your taxes as income, so it's not adjectives gravy.

Good luck!

AWESOME! They are a great way to store an emergency fund...I team up ING Direct and they give me a much superior return on my money than a typical savings wall...they are easy to deposit into and jammy to withdraw from...they contact to you're reg. bank commentary...

Answers: Great question. I use online bank accounts such as those offered by EmigrantDirect, GMACbank, and INGdirect. They are a safe method to make a clad return on saved lolly, currently around 5.0%. GMAC offers a nice mode to access your cash, through check or ATM card.

Registering is simple, requiring your SSN and drivers license number. Deposits are FDIC-insured, one and the same protection as that offered by a traditional "bricks-and-mortar" bank.

Idea: Wait for them to give a promotion! It is not uncommon to see them extend new accounts a free $25 to $75 bonus in recent times for setting up an online banking article.

The link below discusses one such proposal from Citibank.

Good luck!

I tried that once. To deposit money, I had to communication them a check or money order. This is fine as long as you oversee your money and can wait 3-5 business days for it to be deposited. Make sure your paychecks are automatically deposited that channel you won't have to verbs about mail them in every few weeks. Oh, and fashion sure they give you ATM rebate so if you use a bank's ATM, you don't have to clear that extra $1.5 or $2.