The Ally Bank Online Savings Account has a current yield of.89 % (Updated 1/09/12) APY, which seems generous compared to contenders like Bank of America's savings account (returning a measly.10 % APY) offered in Illinois, or
even ETrade's Complete Savings Account at 0.40 % APY.
If you want to build your own investment portfolio, online brokerages, such as TD Ameritrade,
ETrade, and TradeKing can provide you with the tools you need to buy and sell stocks or
even invest in more complex investment vehicles, such as stock futures or stock options.