A bit of gaming the system. But the Bucks blog at the New York Times website posts about a sneaky suggestion from a reader to open up a 60-month CD at 2.99% at Ally Bank and even if you end up paying a penalty of 2 month's interest you're still likely to come out ahead.
Read the whole post: http://bucks.blogs.nytimes.com/2010/06/02/a-trick-to-earn-more-interest/
Personally, I still like my HSBC account even if the interest rate is not-so-hot these days. I also took a look at the comments where some folks rightly point out that Ally is part of the formerly known as GMAC Bank, which has been bailed out twice(!) by the U.S. government, which is now the majority owner. That's kind of sketch, in my opinion.
You've probably guessed that this is coming, but here it is: this blog is no more. For those who are curious, I did get into graduate school—I got into th...