One thing I like about the United States is the crazy deals we get sometimes. When I got my free iPod mini from Citibank for opening an account last year, I knew that there’d be many more banking deals out there for the taking. Takchek put together his thoughts about some of the online banking offers out there, where even a regular savings account can yield you 4% APY (i.e. a 12-month CD goes up to about 4.2%). This is way more interest than what regular brick and mortar banks can provide. If you are resident in the US (with SSN and state ID/driver’s license) , he recommends considering online banking if you want your money to work for you risk-free, where at least up to $100,000 is FDIC insured per account. For the scoop, read Takchek’s blog post.