SFGI Direct High Yield Savings Account

SFGI Direct, the online banking division of Summit Community Bank, is offering a high yield savings account that currently has an annual percentage yield of 2.25 percent.

The minimum opening account balance for the online savings account is only $500. There is also a maximum savings account opening balance of $25,000.

Considering the national average savings account rate is only 0.390 percent for account balances of $2,500 an annual percentage yield of 2.25 percent is a really good deal. SFGI Direct savings accounts are opened online and funded through an electronic deposit, you can’t use paper checks at this time to fund the savings account.

SFGI Direct only offers individual savings accounts or joint savings accounts. The bank doesn’t offer business savings accounts or Individual Retirement Accounts. SFGI Direct Online Savings Account Application.