Before Going After that 4.5 Interest Rate, do some Homework on Internet Banks

One day you might be at work or at home surfing the Internet and run into an advertisement stating that a particular bank offers a 4.8 annual percentage rate for their savings accounts. You may be thinking to yourself, wow that percentage rate is much higher than my 0.35 percentage rate at my local bank. Better yet, this bank does not require a minimum deposit or length of time like many conventional bank CD