Ken from Bank Deals has a new website. As you may have guessed from the name above, you can search for high yield checking accounts small banks and credit unions in your area. He introduces the concept as follows:

"How would you like a checking account that pays higher interest rates than CDs and online savings accounts?"

To qualify you have to jump through some hoops, which are summarized here. Ken has done a great job with the Bankdeals site, and from what I can tell he's put the same level of quality into his new site: High Yield Checking Deals.

Other interest-bearing payment accounts:

• ING Direct Electric Orange Checking
• GMAC Bank Money Market Savings
• CapitalOne High Yield Money Market Account