[JenMarie]

I've been researching "higher" interest savings accounts because my crappy WAMU one gets less than 1% interest.

I saw a news report that featured an online-only savings account/bank through Emigrant Banking. Says there are no fees or minimums and I don't think news stations would endorse if it wasn't trustworthy.

You can get 3.5% interest on the money you put in the account.

I guess I'm just trying to figure out if 1) it's a safe banking franchise and 2) if it's worth it.

Everything else I researched either required a $1000-$10,000 minimum for either around that rate or slightly higher.

Or if anyone else has any suggestions for high interest savings options.