Citibank e-Savings now 4.75% APY

Citibank's e-Savings just raised their APY to 4.75%.
HSBC Direct and Emigrant Direct are still offering 4.5%.
ING Direct is offering 4.15%.
Hopefully the competitors will match Citibank's APY soon.

The only reason that I do not have a Citibank e-Savings account is that it requires a linked Citibank checking account. The checking account has a required minimum balance and minimum monthly activity, and will be charged a fee if that minimum balance and activity is not met. However, if you already use Citibank for your primary checking, this is a great deal.

To open a Citibank e-Savings account and checking account, visit http://direct.citibank.com