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SFGI Direct Cuts Savings Account Rate

Tuesday, May 25, 2010 - 7:43 PM
SFGI Direct reduced its savings account rate from 1.65% to 1.51% APY. The bank is still not accepting new applications. It has been this way since November 2009. Please refer to my SFGI Direct review for more details.
1
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
1. Friday, August 6, 2010 - 11:07 AM
SFGI Direct savings account down to 1.35% apy from 1.51% apy yesterday :(
4
DaveDave23 posts since
Jul 21, 2010
Rep Points: 72
2. Saturday, October 2, 2010 - 12:18 AM
SFGI Direct now open to the public after being closed to new members for several months

Also rate down from 1.35 apy to 1.26 apy.
3
DaveDave23 posts since
Jul 21, 2010
Rep Points: 72
3. Saturday, October 2, 2010 - 2:02 PM
I guess they "soured the milk" enough that they no longer overwhelmed by deposits. Incidentally, I closed my account yesterday (before I even knew about the most recent rate drop).
2
WilWil242 posts since
Feb 26, 2010
Rep Points: 1,285
4. Friday, December 3, 2010 - 4:14 PM
SFGI Direct (http://www.sfgidirect.com/) savings account rates are UP, from 1.26% apy to 1.41% apy :)

 

The new rates aren't reflected when you login to your account, but the rate changes generally show up after a day or two anyway. 

 

Main page says: "The APY is accurate as of 12/3/2010"

I would have put this in a new post since the current thread's title "SFGI Direct Cuts Savings Account Rate" is not applicable in this case, but the search didn't find anything for http://www.sfgidirect.com, www.sfgidirect.com, SFGI, nor Summit Community Bank despite this being reviewed on BDB/Deposit Accounts.com before. My one suggestion for this site so far is the search of bank url's sometimes doesn't work. 
3
DaveDave23 posts since
Jul 21, 2010
Rep Points: 72
5. Sunday, December 5, 2010 - 1:49 PM
Thanks for the update and sorry about the search problem. We have this fixed now so SFGI Direct can be found.
1
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
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