ING Direct (online bank) pays really high interest.\nYou have to link it to an existing bank account and transfer money. Transfers usually take a few days. \nThis is a great place to save because it's not easily accessible and you won't be tempted to use the money for impulse purchases.\n\nI have an account there for my savings and the rates are a lot higher than Bank of America, Washington Mutual, Wells Fargo, etc...\n\nHere is a list of their rates for their CDs based on length of time:\nhttp://home.ingdirect.com/products/products.asp?s=OrangeCD
Which bank pays high CD interest ?