<prompt> Human: Im putting my life savings into an online only savings account with Barclays. They offer a 1 return on my savings and since I dont plan on using it dont see the problem with letting it sit there and accrue some interest. Anything shady I should know about an online only savings account? Before barclays Id never heard about that and am a bit skeptical.  <response>: If the online bank is FDIC insured which Barclays is and you make absolutely sure you are meeting the requirements to keep accounts free, there is nothing to worry about. The only thing is the turnaround time it would take to transfer to your brick-and-mortor bank, which is normally 2-5 business days. 2 business days for Ally Check with barclays and see how long it takes for them. 