[ken1706]

Virtual Bank is an internet subsidiary of Lydian Private Bank which is FDIC insured. Virtual Bank hasn't done the advertising of ING or HSBC so they are not as well known. Also, their rates had been lagging for awhile so this also kept them out of the spotlight.

Their eMoney Market account should really be called a Savings account since it doesn't have check writing capabilities. It's designed to work just like ING Direct or EmigrantDirect. You link it to an existing checking account and make transfers/withdrawals through your online account.