thanks!
I have had an online savings account at ING, and it worked well. I switched to HSBC online savings because they offered a higher interest rate. Now ING and HSBC are both the same.
They both offer rates about 3 times higher than my Chase account.
And you can deposit and withdraw anytime. It takes about 4 days for the funds to show up at HSBC from my Chase account.
Some of those online saving accounts offer very competitive rates so not a bad idea if you have some lying around in checking etc.....as for how often you can transfer (make deposits), my saving accounts with everbank and discover have no limits....i can send a check or do online transfers whenever I want.