Emigrant Direct  announced today that the APY on their online savings account is now 5.0%, keeping it competitive with every other online savings account out there. They also increased their MyWay CD rates from 5.0% to 5.35% with minimum opening deposit at $1000 and minimum maturity of 6 months.
While competitive rate wise, Emigrant has no sign-up bonuses. ING Direct  offers a $25 referral if you deposit $250, please visit the ING Direct referral page  if you want a referral. HSBC  is offering a $25 Best Buy card  for new account openings though you “must be a Best Buy cardholder to qualify for gift card offer.”