The information age is entrenched today, however, there still is trepidation for online banking. The story goes that if there are no bricks and mortar then the bank has the ability to offer better rates. This is true. If you still have your money in a non-interest bearing account at the home-town bank, you are losing out. You can go to www.bankrate.com and find the best rates.
There is no reason to throw away compounding interest.
What is compound interest and how is it important to me?
Compound interest is interest that is calculated on the initial principal as well as the accumulated interest of prior periods.