Available for residents nationwide, SFGI Direct is offering a Direct Savings Account with 0.51% APY.
Continue reading below to learn everything you need to know about SFGI Direct.
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About SFGI Direct Direct Savings Review
SFGI Direct is an online division of Summit Community Bank where you can bank safely and easily with competitive rates on a savings account. They are committed to offering efficient banking products with personal customer service.
With such great Online Savings rates, you can earn big! It provides community banking and insurance services.
I’ll review SFGI Direct Direct Savings below.
SFGI Direct Direct Savings 0.51% Rate
To earn SFGI competitive rate, simply complete all the requirements and qualify. That’s all it takes and you’ll get to enjoy earning the 0.51% rate.
- Account Type: SFGI Direct Savings Account
- Interest Rate: 0.51% APY
- Minimum Balance: $1
- Maximum Balance: None
- Availability: Nationwide
- Credit Inquiry: Unknown
- Opening Deposit: $500
- Credit Card Funding: Unknown
- Monthly Fee: None
- Early Termination Fee: None Listed
American Express® High Yield Savings Account - You earn 0.40% interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express High Yield Savings Account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend.
|Aspiration||1.00% APY + $150 Cash||Review|
|Axos Bank High Yield Savings||Up to 0.61% APY||Review|
|Quontic Bank High Yield Savings||0.55% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
|American Express High Yield Savings||0.40% APY||Review|
|Discover Bank Online Savings||0.40% APY||Review|
|Axos Business Savings||0.20% APY + $100 Bonus||Review|
SFGI Direct ACH Capabilities and Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
Editor’s Note: Help us with the table above in the comment section if you have experience with ACH capabilities.
How to Earn SFGI Direct Savings Rates
- Open a SFGI Direct Savings Account
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- You must be least 18 years of age, and you must be a U.S. citizen or U.S. resident alien
- Fund the account with new money- Transfer funds electronically from an internal account here or an external account at another bank.
- Earn 0.51% APY for balances of at least $1.
|Balance Requirement||APY Rate|
Why You Should Sign Up for this Account
- No monthly service charge
- Low minimum balance to earn high interest
- FDIC insured up to the maximum of $250,000
- Simple online account opening – process will only take about 10 minutes
- Easily fund the account with a transfer from another bank
- Manage your account anytime with online banking
- Access your account online 24/7
If you are interested in earning a high return on your funds, you should consider SFGI Direct and take advantage of their great rate. With their new and improved online banking, users can enjoy a new modern design that is faster and easier to use!
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on SFGI Direct Direct Savings Account.