This savings account offers tiered interest rates based on your account balance. It is OK if you want to combine cash balances in your checking account package with this account, then you would be able to earn more in the savings account. However, many online banks offer a better savings rate. Suntrust also offers an online savings account rate of 3.1% (as of 8/5/2008) which is competitive with other online banks and may be a better choice. You have to use a special URL link to apply for this special online account from Suntrust (find it through Google).