Just a update, presidential's Premier Savings now has NO monthly fee and NO minimum requirement.

Just require 5000 initial deposit to open.

5.25% APY.

(up to 35K, more than that is 3% only)

http://www.presidential.com/PremierSavings.htm

http://www.presidential.com/onlinebanking/ob_fundsXferFees.htm

Online fund transfer OUT is 3.5%. In is free. Within your own account is free. So you can open a checking account also (min 500), and use checks to do the transfer.