An online savings account with an above-average rate from SFGI Direct

By Elaine Griffin

The free online savings account from SFGI Direct offers a competitive annual percentage yield (APY) of 1.21 percent. This APY is valid as of April 1, 2011. Although there is a $500 minimum deposit required to open this account, there is only a one-dollar minimum to earn interest. This account may be accessed online at any time.

The online savings account from SFGI Direct is a product of Summit Community Bank, Inc. Summit Community Bank was established and has been a member of the FDIC since December 1995. They are headquartered in West Virginia.

Type of account: Savings Account

Bank requirements:

  • This account must be opened online
  • Open account with a minimum of $500
  • For full details please contact SFGI Direct

Account benefits:

  • Free online savings account with a 1.21 percent annual percentage yield
  • Account may be accessed online at any time

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Reasonable efforts are made to maintain accurate information. See the Discover online credit card application for full terms and conditions on offers and rewards.

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