If the high interest rates throttle your dreams for that new LCD TV or the holiday in Goa ( as you await your bonus of course!), then make way for Peer to Peer (P2P) Lending.
Yes its back to the good old days when chaps in your community, this time on the Internet, can actually bid to lend you money!
The rates would be lower for you of course vis a vis the mainline banks, and the lenders too can make more money than in a classical bank deposit.
This phenomenon has also been used to a good cause , check out kiva.org
So, is it goodbye to banks and financial institutions...may be not just yet..... :)