Countrywide Bank has added a new type of savings account called SavingsLink. Like the typical online savings account it can link to your accounts at other financial institutions (not just checking). You can link up to 3 external accounts, and all links can be done online. Also like the typical online savings accounts, there are no minimum balance requirements to avoid a monthly fee. However, you need a balance of $1K to open the account and to obtain the 4.25% APY.

The SavingsLink interest rate is not the best, the current APY for deposits between $1K and $50K is 4.25%. However, this account can be convenient to use for their certificates of deposit.