RateAPY

SFGI Direct Savings Account with 1.85% APY

Posted by: RateAPY Bank Rates News
November 25th, 2009

Finding a safe place to save money is on everyone’s minds these days. Whether you are saving a few hundred dollars to begin an emergency fund or seeking a savings account where you can keep thousands of dollars in reserve, consumers should start by making sure the account is FDIC-insured for the maximum amount.

When comparing savings accounts, start by looking for the highest interest rate, but be sure to check for service fees or maintenance fees that could cut into your savings.

SFGI Direct Savings Account

The SFGI Direct Savings Account, which currently offers 1.85% APY, has no monthly service charge and only requires a minimum balance of $1 to earn interest.

A division of Summit Community Bank serving Virginia and West Virginia, SFGI Direct offers online account opening services and 24-hour online access. The savings account requires a $500 minimum deposit to open, and the opening deposit must be less than $25,000. Interest is accrued and compounded daily.