Online Banking Getting More Interesting

Salem Five Direct is offering 5% (or more) on their checking accounts, with no minimum balance, and they refund all ATM fees. They also have a $25 bonus for signing up for direct deposit.
The only catch is that it’s all online, so you’d have to keep a local branch account to make deposits, then transfer to them online, which is what we can do with HSBC right now. A bit of a pain, but considering that we don’t get too many checks as it is, it’s not bad. I had been considering opening an account with Presidential Bank, as they are local to us but have a high-yield checking account, but they have a $1000 minimum balance requirement. I’m also interested to see what HSBC is planning as far as their own high-yield checking account. I’m pretty sure that an interest-earning checking account is in our future.