Just got an email from ING direct. they’ve upped their savings account rate to 3.40%. They dont have branches and you have to link their account to another bank account in order to access your money, but they offer amongst the highest interest rates for a simple savings account with no minimums and no monthly charges. There may be other banks that offer similar rates but I have used them. I have heard good things about emigrant.com from a friend though. I think they offer a higher interest rate.