Who wants my cash?

With interest rates falling like prospective presidential candidates, I've been in a quandary about what to do with my 0% money. Since early in the summer I've had it parked at FNBO Savings, where a long 6% promotion got me in the door. They've kept my business with a competitive 5% rate even when other banks like Emigrant, GMAC, and HSBC were falling. Well, FNBO sent me an email yesterday notifying me that they too were following the trend, all the way down to 4.3%. That can't be the best I can do.

I spent most of last night rate hunting, and I've found some candidates: OneUnited Bank, the country's first black-owned internet bank, is still offering a 5.3% rate for accounts greater thatn $1,000 and a $50 bonus for making a couple months worth of direct deposits. I'd like to see if they hold onto this rate before I jump, although they have held steady since May.

Another option is Countrywide Savings, holding firm at 5%. I know all the negative issues surrounding this company, but it's FDIC insured and I already have an account with them. I even have FNBO already linked so an account transfer initiated today can be earning 5% in 2-3 business days. Hard to pass this up.