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SFGI Direct

Deposits held and insured by Summit Community Bank (WV)

Overview / Commentary
www.sfgidirect.com
877-776-9722
300 North Main Street
Moorefield, WV 26836
Deposits held and insured by Summit Community Bank (WV)

Related Posts

Savings Rate To 1.01% - 7/15/2020

Rate from 1.16% to now @ 1.01% I agree chasing rates now is impossible...

Savings Rate Cut To 1.16% - 7/1/2020

SFGI Direct is no longer the rate leader they just cut rate from 1.36% to 1.16%

Savings Rate Still Holding - 5/21/2020

Current savings account interest still holding at APY 1.56% as of today, May 21, 2020 as other institutions dropping to 1.30% and below. Curious to see how long they keep the current "competitive" rate.

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Reviews (16)

Excellent Experience So Far

Posted by: |

Opened 1 account 1 week ago. Very easy account opening application but be sure your equifax report is not frozen as this is what they use for verification.Opened a 2nd account 1 week later but because of some problems there that I had inadvertenly caused, the reps easily had the account opened quickly without the usual fanfare you would get at the big box banks. As a smaller bank much less levels of bureaucracy to deal with. Calls answered in seconds not minutes without long phone menus. Reps were great! Next day ACH pulls and pushes of any amounts is something not available at many other banks. APR'S tend to be in the top 10-20 as I have seen while monitoring them in the past year. Unfortunately only a savings account available. Wish they also had CD's.So far a much better experience than with the big banks and other online banks.

2

Simple Product, Perfect Execution!

Posted by: |

10+ years as an SFGI account holder - short and long-term savings. Always next-day ACH transfers, interest rates in the top tier, and a web interface that is simple, all down-to-business, and perfectly executed. Couldn't be happier with this account!

27

Quick And Easy

Posted by: |

I was leary about opening an account with a smaller bank but the interest rate was too tempting to, at least, not try it out. I was also encouraged by the fact that the rate has stayed consistent despite the Fed's shenanigans.

Opened on Friday, initial deposit debited Monday, initial deposit along with log-in instructions came via e-mail on Wednesday.

I tried an out-going and in-coming ACH. Both were deposited and available the next business day. I like that there is no hold on incoming deposits.

Two downsides - no remote check deposit capability and only one external link allowed. I'll overlook those for now.

16

Best On-Line Bank

Posted by: |

I searched these folks out around 10 years ago and have been with them ever since. I've never had a problem with anything....ever.
Yea..rates go up and down but they're always amongst the best out there....consistently. The Web-site is simple and no frills and it always works as it should.

18
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Health
A

Data as of Q1 2020

Data displayed below is for insuring bank: Summit Community Bank (WV)
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #34102
Year Established1995
Employees382
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.76%
Return on Equity - YTD6.9%
Annual Interest Income$27.6MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$2.51B$2.24B
LoansQ1 2020vs Q1 2019$1.98B$1.73B
DepositsQ1 2020vs Q1 2019$2.05B$1.79B
Equity CapitalQ1 2020vs Q1 2019$274.9MM$244.8MM
Loan Loss AllowanceQ1 2020vs Q1 2019$24.6MM$13.1MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$10.7MM$10.0MM
Real Estate OwnedQ1 2020vs Q1 2019$18.3MM$24.4MM
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Savings Rate To 1.01%

  |  
Rate from 1.16% to now @ 1.01% I agree chasing rates now is impossible...
3

Savings Rate Cut To 1.16%

  |  
SFGI Direct is no longer the rate leader they just cut rate from 1.36% to 1.16%
6

Savings Rate Still Holding

  |  
Current savings account interest still holding at APY 1.56% as of today, May 21, 2020 as other institutions dropping to 1.30% and below. Curious to see how long they keep the current "competitive" rate.
6

Rates
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Always verify rates and promotions with the bank or credit union. We are not SFGI Direct; we are a rate comparison website and cannot provide official rates or promotions.

SFGI Direct Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%$1-SFGI Direct Savings Account
Locations

SFGI Direct is an Internet only bank and does not have branch locations. Its headquarters is located at 300 North Main Street - Moorefield, WV 26836

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.