Comparison Shopping

I'm looking for a new online savings accounts. We are looking to do our own escrow (rather than with the mortgage-holder who pays little to no interest on the account as it sits there) for the property taxes and home insurance. Since the money will be sitting there for about a year with only deposit activity, I figured it would be nice to earn something on it.

So after doing some digging on the web, this is what I have found (see bottom of post for bank links):

Bank	APY	Minimum?	Fees?	FDIC?
HSBC Direct	1.65%	None	No	Yes
ING Direct	1.50%	None	No	Yes
FNBO Direct	1.90%	None	No	Yes
E-trade	1.45%	None	No	Yes
iGobanking	1.85%	$1	No	Yes
State Farm	0.17%	None	No	Yes

If we go with FNBO, our compounded interest earnings at year end would be about $38 (based on 1.9% int rate and $360 monthly deposits). Not a whole lot, but $38 more than we would have otherwise and in this economy, I'll take it! :)

Note: I only included State Farm bank because I currently have an online account there. Comparing it to what is available, it really does suck! The only up-side to that account has been the ATM-fee refunds so essentially I could take money out at any machine and never pay an ATM fee. But looking at what I earn on it and the fact that I can't easily do bank to bank transfers, well the one pro doesn't outweigh the cons.

Bank links:
FNBO Direct
HSBC Direct (I currently have an account here and like it a lot, easy setup, easy transfers to and from, no fees, pretty good rate)
ING Direct
E-trade
iGobanking.com
State Farm Bank