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Depends on your budget and intended usage volume I think.
Maybe you could provide some more information about the goal you want to achieve, I am pretty sure then someone will help.
monthly 5k-20K emails , budget < $7
Then look for example at Mailgun: http://www.mailgun.com/pricing
If you got a month with 20k mails you'd have to spend $5 and if there's a month with 10k or less it's even free.
sparkpost.com still has 100k per month free, works pretty well for transactional e-mails, not really sure if I would use it for a webhosting server tho since deliverability is more important.
Mailing list?
tnx @vfuse , sparkpost work nice