Provident Direct
I opened an on-line Provident Direct account, at 4.50% apy (4.40%), no fees, no charges, no hidden expenses, except that withdrawals are limited to 6 transactions per month, else 5$ per transaction (withdrawal) in excess of 6 transactions p.m., and no $ cap on withdrawals.
The are a Mid-Atlantic regional bank and I think their online bank is less that a year old so they are trying to gain market share, hence they are keeping their rate high.
I like the fact that brick-n-mortar is tied into the online account. I live in the Metro DC area where they have a significant branch network + they have shopping market branches in a chain called "Shoppers Food Warehouse". So I've opened up a no-fee checking account & got an ATM card just in case I have a need to access these funds.
Bankrate's Safe & Sound ratings puts them at mid-tier, a rating most banks hold, so they are pretty decent in terms of stability.
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