[poundwise]

I've got to say that I believe, presently, that the Amboy Premium Savings is the best all-around deal right now. The GMAC account requires that you maintain a balance of $500 to avoid fees and the Citi e-Savings requires a Citi checking account. Amboy offers the same high APY without these restrictions. The only concern I have about Amboy is that they offer three different MMAs and it seems incompatible for them to continue to do so, meaning they may do away with the other two, or they may merge the basic with the premium and at who knows what rate. That's a vague concern though, so I think they are the top choice overall. If maintaining $500 isn't an issue, then GMAC is at least as good though. Of course, if you can maintain a $2500 balance, after opening an account with $5000, you should go with BankUnited, which currently offers a 5.0% APY MMA.

Following behind these leaders (in terms of APY) is VirtualBank, HSBC, and Capital One Direct Banking. The next tier: Emigrant Direct, ING.

I have an account with Captial One Direct Banking and, even though I like the looks of Amboy and GMAC, I have no intention of moving my account.

Personally, I think it is great that we have all these options. Hopefully the competition will continue to push/keep rates higher and will result in more special bonus offers.