Online Savings Account from SFGI Direct

SFGI Direct is currently offering an online savings account that has an annual percentage yield of 2.25 percent, one of the best online savings account rates available today. The 2.25 percent savings yield is current as of October, 7, 2009. The minimum opening deposit is $500.

SFGI Direct’s high yield savings account is a variable rate account just like all other savings accounts. Since the account has a variable rate it can change at anytime. If you’re interested in locking in a rate above 2.00 percent there are several banks offering 12 month certificate of deposits that have a CD rate around or above 2.00 percent.

The savings account has no monthly service charges. The minimum certificate of deposit account balance to earn interest is only $1.00. Savings accounts can only be opened online since SFGI Direct is an online bank that doesn’t have traditional brick and mortar bank branches.

SFGI Direct is a division of Summit Community Bank, Inc of West Virginia. Deposits are insured by the Federal Deposit Insurance Corporation (FDIC).

SFGI Direct High Yield Online Savings Account Application Here: Savings Account Application