ING Direct is a purely online bank. There are no local banks, there are no ATMs. Its all online. This means that their costs are much lower than a traditional bank and when you open a savings account with them you can expect interest returns as high as some 12-month CDs from regular banks. They also just launched a checking account, which is purely electronic as well that pays 3% interest. If you are tired of putting hundreds of dollars in the bank only to get a dollar or two in interest - switch to ING Direct. Its quick, easy, and worthwhile.