Dude, if you have anything more than a couple hundred dollars in savings (sadly, most Americans seem to have about $600) it makes sense to move it. I'm currently getting 3.75 from AmEx: americanexpress.com/en-… There are restrictions on withdrawals, like 3 or 4 a month, though none on deposits. So you can't use this as a checking account. But when it's earning this much interest you have more incentive to do what you can to add to it rather than pull it out. Of course you are still trailing inflation but it's a whole lot easer to swallow the difference between 6 - 7% inflation and a 4% return rather than a 1/4% return.