Adding Anchor Text to URLs

Hello,

I have a need to add URLs to my posts in ED. Is there a way to tweak the URL tab functionality to have a field for anchor text to go along with the a URL? If there isn't a way to add this, can it be done through the editor? I switched over to TinyMCE and I can toggle to the HTML editor page, but when I add HTML and try to post, my HTML code gets stripped out.

Please let me know if there's a way to work around this.

Thanks for all your help and fantastic support!

Mel