I just confirmed with the bank that it's no longer offering the online savings account.
The account is still listed with a 1.50% APY, but the link to the online application states "Unfortunately, we cannot process your application at this time."
I first reported on this bank and its online savings account in February 2010
. The savings account has become especially competitive in the last couple of months as the bank kept the yield at 1.50%. Sorry to see another rate leader fall off the list.