Interest on Your Checking Balance

It used to be that you'd never earn a penny on interest in your checking account. Nowadays, several banks are paying outstanding rates on your checking account balance. You may have to use an internet bank account, but you'll earn money on your money until you spend it -- without having to transfer cash from savings to checking. Here are a few of the best offers out there:

• ING Direct's Electric Orange Account - 4% APY
• Capital One's High Yield Money Market - 5% APY

What's the difference between these two accounts? The ING Direct account allows unlimited transactions, while you should limit yourself to 6 transactions per month with Capital One.