I just transferred all my savings to Ally Bank (formerly named GMAC bank). They offered a great rate I couldn’t resist (1.78%) at the current time 10-10-09 and daily compounding! How great is that? My money and interest gets compounded daily so I earn more. Good bye ING Direct with your yet again lowered rate to 1.29%. Now I have an FDIC backed bank that offers me the same, if not better, service for greater benefits. I can still do my automatic transfers for my emergency savings and regular savings, and I still have my multiple accounts. Here’s to daily compounding