Washington Mutual has raised the rate on its online Savings account to 4% APY. This is the highest in the country today. To get this rate, you also need to have a checking account with them but given that that there are no conditions to maintaining one (no minimum balance, no direct deposit, etc.), there is no reason not to have one.
Lastly, please do not worry if the bank will survive. As long as your total balance including accrued interest is less than $100,000, your money is fully insured by FDIC. In all the bank failures so far this year, no depositor has lost a penny or even access to their money. I have moved a ton of money to WaMu recently and am not worried.
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