ING Direct’s online banking unit will soon be purchased by Capital One Financial Corp for $9 billion in cash and stocks, said Cap One on Thursday. With this purchase, the McLean, Va.-based company, best known for its credit cards, will be making its entrance into the world of online banking.

Deal a “Game-Changing Transaction” for Capital One

What comes to mind when the first of the month rolls around? Your paycheck in the mail? Bills that need to be paid? Likely for you along with most Americans, it’s both. The first of the month is that day when people who live paycheck-to-paycheck wait until the last minute when they paid and transfer that direct deposit to online bill pay. Unfortunately, for B of A customers, that’s not going to be so easy today.

BankofAmerica.com Online Banking Website Down

American Bank Online is a nationwide financial institution that provides customers the opportunity to bank online at their convenience. They offer a variety of deposit and loan products that aim to assist customers in reaching their financial goals quickly and easity. American Bank Online is currently offering an e-Money Market deposit account for .55% APY.

To be eligible for this e-money money market account, there is a $100 minimum opening balance required. However, in order to earn the stated APY, there is a $10,000 minimum account balance. Rates are subject to change at any time at American Bank Online’s discretion. Please contact the financial institution directly for more recent rates and products information.

American Bank Online is a full service internet bank with a wide variety of banking options available. This bank consistently offers excellent CD rates, like the 6-month CD rates deal of the day for .55% APY.

To be eligible for this 6-month certificate of deposit account, there is a minimum deposit of $500. Rates are subject to change at any time at American Bank Online’s discretion. Early withdrawal before account reaches maturity will result in a substantial penalty. Contact the credit union directly for more information.

As an online bank, Ally Bank is able to give account holders better interest rates than those of traditional brick-and-mortar financial institutions. For example, they provide an online checking account that currently offers a checking interest rate of .50% APY.

Any balance under $15,000 earns this checking account rate. The APY is compounded daily and your earnings may differ as rates change over time. Since Ally is a direct bank, all transactions will be conducted over the web, phone or ATM.

ING Direct is all about high interest accounts–and that includes certificates of deposit. As an online bank, ING Direct can offer the highest certificate of deposit rates to customers as compared to traditional brick and mortar banks that must first account for overhead costs before passing profits onto customers. For example, you could earn a six month CD rate of 1.00% APY with this bank right now.

Your CD rate is fixed and guaranteed–making it easy to earn more on your money than with a regular savings account. Early withdrawal penalties do apply, however, and rates are subject to change in the future.

65% of Americans have a deposit account, most often a savings account, used to securely store extra cash in the hopes of earning a little extra interest on the principal. There are hundreds of savings account options from bank branches, online financial institutions and credit unions, all with different features and requirements.

Why Everyone Needs a Savings Account

SmartyPig is an online savings account offering one of the most competitive savings account interest rates in the nation. The current offer available is for a high interest savings account rate of 1.75% APY.

The best part of this account is that it’s free. SmartyPig allows you to set savings goals and then provide a high interest account to keep your money in until you need it–all you need is a $25 minimum deposit. This account also enhances your savings with cash boosts that make your money go further and is FDIC-insured up to the maximum amount allowed by law. Accounts are held at BBVA Compass.

When the national average for checking account interest rates is only .26% APY, you’ll be glad you have the option to earn higher rates with the American e-Checking account from American Bank Online. This high yield checking account currently provides a checking interest rate of 1.00% APY.

A minimum balance of $100 is required to open this checking account and balances of $1,000 or higher will avoid the monthly maintenance charge. You will receive unlimited check writing privileges, free first order of checks and e-statements. Rates are subject to change at any time and fees may reduce earnings.

Instead of visiting a traditional banking institution with unreasonable fees, long lines and inconvenient hours, join Modern Woodmen Bank and conduct your banking over the phone, mail or internet. MWABank offers the highest savings account rates, too. Right now, customers can earn 1.15% APY.

A minimum opening deposit of $100 is required to earn this savings account rate, but there is no minimum balance requirement. Interest is earned daily and credited monthly. Due note that rates are subject to change at any time and fees may reduce earnings.