[poundwise]

Update: I checked these banks tonight and thought I'd post an updated list of rates.

MINOPEN = minimum to open
MINFEE = minimum balance to avoid fees

Note: Accounts requiring more than 500 to open and/or more than 500 to avoid fees are not included in this list:

...........................................APY.... ...........MINOPEN....MINFEE
AMBOY DIRECT PREMIUM....4.75%..........1.................0
GMAC BANK.........................4.75%..........500... .........500
CITIBANK E-SAVINGS*........4.75%...........?................0
EMIGRANT DIRECT..............4.65%...........1............. ...0
HSBC..................................4.65%....... ....1................0
VIRTUAL BANK....................4.60%...........100....... .....0
CAPITAL ONE DIRECT.........4.55%...........100............0
ONE UNITED.......................4.50%...........10... ...........0
UFB DIRECT........................4.40%...........1... .............0
ING DIRECT........................4.15%...........1... .............0


*Citibank requires you to have/open a checking account in conjunction with their e-Savings account.

Last word: This listing is ordered by APY. There are other factors to consider when opening/utilizing an account. (i.e.- some sites may have better functionality than others, some banks limit you to having one linked account while others do not, etc.)