The loan balance that one bank requires would be a deal-killer. Anyone with outstanding debt at a higher rate than the high-yield rewards account would be better off paying down the debt. Also the number of "hoops" you have to do for earning the higher interest for an account that is capped at $10k or $15k is too much for too little. The bank I'm using has my 4 accounts with $25k cap each, 10 debits per month per account, no loan, e-mail statements and 1 ACH charge monthly per account. There may be a better choice, but I can walk to this bank and I like the employees, who are fans of FT.

-outoftown