Hey guys, usually I don't do things like this but I wanted to pass this info to you guys because it has really helped me out with my freelance operation.
ING Direct offers a high yield "Orange" savings account, with no minimums and no fees. Right now I believe the interest rate is 3.00% percent, higher than any bank I've ever dealt with. They'll even give you $25.00 free as a sign up bonus.
To start, you need an existing checking account, like at a local bank... the ING direct account then links up with your current account and you can pass money back and forth between the accounts as needed.
I'll probably do a crappy job of explaining further, you can find more information here:
http://home.ingdirect.com/products/products.html (click on orange savings)
If anyone has any more questions, feel free to ask. To get the $25.00 sign up bonus, just let me know and I'll send the promo link to your email