August 21, 2010 12:36 PM CDT
I personally like doing online savings accounts. Its free, easy to set up, and usually pays a good rate. However, now its only paying 3% because the turmoil in the market, but usually its around 5%. The one I like to use is INGdirect.com. If you decide to use it, let me know and I'll send you a link where you can get $25 dollars for free for initially investing $250.