Hi all! I'm new to the investment field and I'm looking for any suggestions regarding a high interest savings account.. thanks!!

You may want to look into Money Market Accounts or Money Market Funds.

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It is not smart to play it safe but it is safe to play it smart.

Yes, money markets are competing with CD's with better liquidity. Check on-line for some of the better deals. BankRate.com is a good website.

I have been an ING direct customer for almost a year now and when I signed up the rate was somewhere around 4.5%. Since then it has dropped to 3.65% Do you think this rate is going to keep falling? Should I consider switching to a MMA? Who do you guys use?

Bernake has made it even tougher on folks trying to save by lowering the rate to 3.50 percent. He has to bail the banks first I suppose.....
Countrywide was offering a 5.50 rate, but they are broke. Bank of America is supposedly buying them out. Some stocks pay decent dividends, but you may have trouble sleeping the way the market is performing at this time....Regards, Robert

The intrest rates are falling too much. Thre is no more high interest savings. One thing you can do is denominate your savings in something other thn US dollars. I currently have an Australlian dollar fund,which pays at a higher rate than US dollars.