E-LOAN

Recently my friend told me about E-LOAN online savings account. He opened it for the long term savings. He'd like to allocate certain sum of money towards future spending - college, car repair and may be cruise to Hawaii. I'd like also try one day this eloan account, it seems to me that wise
allcation of my paycheck money will lok like this - 25% goes to online savings account, 10% will go to recreation and the rest I will use for living. True, my living costs are very high...