Washington Mutual has a great deal on their high yield 5.0% APY savings account/checking combo.  Here are some of the features:

The WaMu Free Checking account has:

• 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.
• 3 ¢ cash back on debit card purchases, up to $250 per year
• Free ID Theft Service
• Option of free check return or free check safekeeping
• Free account access at more than 3,750 Washington Mutual ATMs nationwide
• Free 24/7 Telephone Banking
• Free Account Alerts keep you up to date on the status of your account (when registered for Online Banking)
• Free enrollment in the WaMoola for Schools® program—an easy way to benefit your favorite school with your debit card purchases (customers may choose between the Gold Debit MasterCard® with Rewards program or the WaMoola for Schools® program but cannot enroll in both)

The Statement Savings account (exclusive to the Online Free Checking!) has:

• A competitive 5.00% APY on all balances (rate only available online and with the online checking account only; .25% APY otherwise)
• No minimum balance requirements, open with $1
• Instant transfer to/from the Free Checking

Visit Washington Mutual’s signup page for more information.