I'll update this topic from time to time adding such links, others are welcome to submit links too, so I can add them to this post.

Create online:

http://www.createbanner.com/v4/index.php
http://www.banner-generator.net/en/bannergen.php
http://www.animationonline.com/S/banner_templates.html
http://www.bannercreator.nu/banner-maker.html
http://www.mybannermaker.com/
http://www.coder.com/creations/banner/banner-form.pl.cgi
http://www.musictweak.com/bannermaker/index.shtml
http://www.flashbannernow.com/free-flash-banner/bannermaker.php
http://flashbanneronline.com/
http://www.flamingtext.com/
http://nis-ei.eng.hokudai.ac.jp/~yamamoto/factory/
http://www.bannerfans.com/banner_maker.php
http://www.boobydoobybanners.com/
http://www.simwebsol.com/ImageTool/
http://www.vistaprint.ca/logo-de....3a18+AM
http://www.bannersketch.com/?pid=generator&pag=1&opt=2
http://yourgen.com/

Text logo creation:

http://cooltext.com/
http://www.3dtextmaker.com/image_editor.html
http://www.flamingtext.com/start.html
http://www.grsites.com/logo/

Download software:

Banner Maker
http://www.bannermakerpro.com/download.html

Corel Painter X

http://www.download.com/Corel-P....64.html

Adobe Photoshop CS3 Extended
http://www.download.com/Adobe-P....g=mncol

Adobe Photoshop CS4

http://www.photoshopsupport.com/photosh....al.html

Paint.net

http://www.paint.net/

GIMP 2.6

http://www.gimp.org/downloads/

UnFREEz 2.1

http://www.whitsoftdev.com/unfreez/

Adobe Fireworks CS4

http://www.adobe.com/products/fireworks/

Flash CS4

http://www.adobe.com/products/flash/?promoid=BPDEE

AAA Logo Maker Demo:

http://www.aaa-logo.com/download.php

Note: all downloads are trials. To get the full version of a specific software, you have to buy it.

Also, when creating a banner or logo online, it might not look exactly the way you wanted it to look or it wont be as good as you wanted it to be. Which is why I'd recommend to download or buy Photoshop, paint.net or something like that - learn to use it well enough and you'll be able to create great banners yourself. Just a tip for those who might not like the online banner/logo creators.