Back when we had a lot in savings, we used our local credit union because we weren't aware of any higher rates. Thanks to the internet, you can now compare online banking, find a savings account or checking account and earn more interest today with SavingsAccounts.com. This is a fairly new site but has rate comparisons for the higher interest banks. The bank I have my credit card through pays 6% for savings. (I didn't know that but it sure explains why my card rate is so high.) That's a really good rate for savings. I think most banks are around 3.5%.