[mehmeh]

I had the same dilemna. I had about $500 at the time at Greenpoint Savings Bank which incidentally went thru a merger w/ another bank. Took the money out. Opened Wamu checking and sent all the money to ING. It's worked fine for me; the only thing is that when i have money in checking, i feel like 'hey i know it's not earning a penny in there.' but in the long-run, i'm now getting like 30 bucks in interest whereas if i left it in a brick-and-mortar savings account, i would have made like ... 2 bucks a year or something. Internet savings has worked great for me.

Just to add, I took the money out because in my Greenpoint SA, I couldn't dip below 500 dollars... and I saw no point in having my money tied up like that (almost CD-like in that it would cost fees to use it) when putting it in ING or Emigrant w/ *no* minimum would give me *more* money. For me, it was sort of a no-brainer but I felt trepidation about making the complete switch to saving online. On the other hand, I wanted to get it while the going was good (i.e. the online interest rates - who knows how long/short it will last). So I made the switch.