5% is above the prevailing rates and if they are offering an additional 1 % for an introductory period I would consider that a kicker.
Couple of thoughts. Washington Mutual offers an online accoutn that pay 5%. The benefit of having your bank account and onlie account in the saem place is that you can transfer funds immediately. This quickly offsets the higher yield when you ahve to wait 3 days for it to hit your account.
You mar also want to look at Charles Schwab which is offering a checking account that is paying 4.25 and a brokerage account wheer Sweep accounts are paying over 5%. Again by hveing money ion the same place you can move money same day.
