Another thing I found interesting in the press release is that the FDIC is recognizing how banks can easily offer deposit products nationwide. Here's an excerpt:
In recognition of the blurring of local deposit market boundaries brought about by the Internet and other innovations, the proposed regulation would also establish a presumption that locally prevailing deposit rates equal the national rates published by the FDIC.
The FDIC has often restricted weak banks from offering brokered deposits. As I described in this 2008 post, regulators see brokered deposits as hot money deposits that are more volatile than a bank's core deposits. But online savings accounts can also be volatile. It's easy for customers to electronically transfer their money out of an internet bank that drops its rates too low. I like this freedom, but I could see how regulators may look at restricting internet rates from weak banks.