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I think I've mentioned here before that, after my highest-interest credit card is paid off in a couple of months, I'd like to take a break from paying down the debts long enough to set up an emergency savings fund. Rather than stuff cash in envelopes the way we do for target-specific savings goals, I've been looking into high yield savings accounts and thinking about opening one online. I tend to do a better job keeping track of online accounts, or at least accounts with online access, than accounts that exclusively use paper statements. Another advantage of online investing is that online banks and savings firms often offer cash bonuses as signing incentives. That would be a lot more helpful than the tool kit I got when I opened my checking account (although the took kit has proven its usefulness over time). I found a good place to shop and compare the various online savings options and all that they have to offer: MoneyCentral.com aggregates info on online savings options as well as credit unions. Helpfully, it even has a special section on bonus incentives. I think I know where to go when I'm ready to make my first deposit.
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