SFGI Direct high yield savings account
Category: Bank Deals, Savings Account Rates- fhuff- 2:45 pm/ June 15, 2011You could earn 1.21 percent annual percentage yield (APY) with a SFGI Direct high-yield savings account. The APY is current as of Junel 16, 2011, and could change at any time. Details of the savings offer include:
- Minimum opening deposit of $500
- $1 minimum balance to earn interest
- No monthly service charge
- Online application
- 24-hour account access
You can fund a savings account by transferring money from another bank. The initial deposit is limited to a maximum of $25,000. One-time or scheduled transfers to one external bank account can be set up. Transfers into the savings may take several days to process. Interest on the high yield savings account accrues daily and is compounded or credited to the account each month on the last day of the statement period. SFGI Direct does not offer business accounts or IRA accounts.
SFGI Direct is an online division of Summit Community Bank, which is owned by Summit Financial Group., Inc. The financial holding company provides community banking and insurance services and has 15 banking offices located in West Virginia and Virginia. Accounts held at SFGI Direct are insured by the Federal Deposit Insurance Corporation (FDIC).
- 6 Month CD %
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- 30-year Fixed Mortgage 3.57 %
Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
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