Schwab.com just started an online checking account that pays 4.25% interest. Here is a link with additional information: Charles Schwab’s New 4.25% Free Checking Account
Here is the link to open an account.
Check out the great features:
No account minimums
No monthly service charges
No ATM Fees
Free bill pay
Its like having an online savings account that works as a checking account. It also links to a Schwab brokerage account so you can easily swap money in and out to invest. Pretty good deal if you ask me. I just signed up for an account today.