New Bank Account: Online bank vs. Local Brick and Mortar?

[Micah Hensley]

Good Afternoon BP Community!!

So we are about to close on our first rental property!!! YAY!!!

In doing so we are trying to get all our ducks in a row and be ready for this. We know we need a seperate account for the "business" that is not our personal account, not a problem. (as well as an escrow account for deposits...).  I remember hearing on a podcast this summer (was listening in on a friends on a car trip so I don't know which one to go back and find it...) about someone who used Online banks. One reason was the % on interest was higher.  

So what are everyone's thoughts on using an online bank vs. a local or national bank with a brick and mortar location?

Thanks in advance!