Originally Posted by iwillflytheworld
This seems to be too good to be true

.
Can anyone think of potential catches? How can they offer you $50 and such a high interest rate (for a savings account)??
No catches, except that it takes a couple days to actually transfer money as I remember.
They are legit and highly recommended by people like Clark Howard the consumer guru. A writeup is embeded on
http://clarkhoward.com/library/tips/banks.html
Their rates may be compared at
http://www.bankrate.com
I have an account with them. Easy and great rates.