I love no-fee no-minimum balance online banks because I can always keep them open in case they kick up another rate promotion. Also, no worrying about making a ton of small debit purchases at the beginning of each month!
HSBC Direct announced recently that they will be paying 3.50% APY on their online savings accounts, guaranteed until August 15th. Man, this big international bank hasn’t had a top rate in a while.
Shortly afterwards, smaller fry FNBO Direct has their their rate at 0.85% APY , though with no time guarantee.
If you will always have $10,000 and don’t mind a bit of subprime shakiness (the account is still FDIC-Insured up to $100,00), there is also IndyMac Bank with their Online E-Money Market paying 3.85% APY.