People everywhere are realizing how much interest they can earn with an online savings account. With rates close to 4%, it’s easy to earn hundreds of dollars more every year than with the 0.5% that many regular banks offer.

These banks are FDIC insured, just like your current bank, so there is no risk, like if you put your money into a fund.

Her are a list of the best high-interest online savings accounts:

- The WTDirect Account offers a rate that is always in the top 5% of savings account rates nationally. This is one of the best I’ve found.

Orange Account - The Orange Savings Account from ING Direct was one of the first online savings accounts to offer a high APY, and it is still one of the best. Rates change from time to time, but have been between 3.00% and 4.50% over the past year or so.

Washington Mutual - You can earn a very high rate with a WaMu Savings account, if you open a free checking account as well. The high interest rate is well worth the extra step.

Capital One Savings Account - Capital One offers a very competitive rate; one of the best among top national banks, in fact.

These savings accounts all have no fees, no minimum balance, and opening an account is as easy as linking it to your current checking account, and transferring $1 or more. That’s it! There truly isn’t a better and safer way to earn great interest on your cash.