Well, I finally got around to opening a savings account at Emigrant Direct. I’ve been keeping an eye on interest rates in general, and have finally decided that it’s time to stop settling for what ING Direct is offering and to move on to greener pastures — as of this writing, Emigrant Direct offers a 4% APY, whereas ING is at 3.4% APY. Thus far, the account opening process has been very easy. It took about five minutes to fill out and submit the application, and now I just need to keep an eye on our linked (external) checking account such that I can verify the amount of two small deposits (and matching withdrawals). This should happen within 2-4 business days. Once I’ve verified ownership of my checking account, they’ll pull our initial deposit from it (I opted to fund the new account via ACH) and we should be ready to roll. Then it’ll just be a matter of establishing a link between Emigrant Direct and ING Direct ($25 account opening bonus), such that we can move our money between them without having to use our checking account as an intermediary.