Bankrate.com recommends that consumers looking for the best deals consider "pure" Internet banks.

Several other Internet banks are offering around 6 percent annually, but they generally require minimum deposits of $500 or more and may have other restrictions.

To get away from high fees, some people are diving into Internet banks.

The British Internet bank was established in 1998.

However, I found a solution different than the one you found - an Internet bank.

Other alternatives include depositing money in credit unions or Internet banks, which may pay higher rates than brick-and-mortar banks.

"We didn't imply that we are trying to be an Internet bank."

The decision "really had very little to do with the fact that we were working on an Internet bank," he added.

But in fact there were very few Internet banks to start with.

But recently some Internet banks, which have lower overhead costs than traditional banks, have been raising their savings rates far above the average.