Nowadays interest rates that many online banks offer on their high interest savings accounts is quite low, but still there are number of banks that even today in the post-crisis period offer more or less decent interest rates.
There are few things that people seek in high interest savings account: safety, security, convenience and high interest. To find the right savings account for you, you need to make a small research and choose one for you. To do this, you need take into consideration some criteria:
Liquidity and Convenience: you need find an online bank that provides its clients with a online banking website with easy and convenient interface. You must not be an expert to use the website, so it must be as simple and as understandable as possible. Transferring money from one account to another, opening and closing an account must be easy – done by one 
click. In addition, the website must be secure (encrypted);
Safety, FDIC Insured: the good news is that high interest savings account is insured by Federal Deposit Insurance Commission (FDIC). Deposits up to $250,000 are insured by FDIC and this makes high interest savings accounts highly secure and safe. But remember to check whether the bank you are going to have business is covered by FDIC network;
High Interest, High Annual Percentage Yield: high interest savings account pays higher interest rate than normal savings accounts do. Online banks manage to pay higher interest rate to the depositors, because unlike traditional banking institutions they manage to cut costs associated with holding front office personnel and running service centers. This allows online banks offering high interest rates. Once you choose a particular online bank or a particular high interest savings account, you need to check what interest rate it offers;
Fees and other costs: different online banks have different fees and other costs associated with transactions on high interest savings account, so you need to check fees that a bank offer carefully;
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