Washington Mutual offers a combination of their free checking and their new 4.75% APY savings account allows you to combine the convenience of local branches and ATMs with the high interest rate yield and online transfers of online banking.
WaMu Free Checking:
No minimum balance or direct deposit requirements, open with $1
Free basic checks for life
No ATM fees on their end
One free overdraft per year
Free outgoing wire transfers.
The Statement Savings account has:
Internet Banks or Virtual Online banks are banks without bricks; from the customer's perspective, they exist entirely on the Internet, where they offer pretty much the same range of services and adhere to the same federal regulations as your corner bank. Online banks pass the money they save on overhead like buildings and tellers along to you in the form of higher yields, lower fees and more generous account thresholds.