SFGI Direct

Deposits held and insured by Summit Community Bank (WV)

Overview / Commentary
300 North Main Street
Moorefield, WV 26836
Deposits held and insured by Summit Community Bank (WV)

Related Posts

SFGI Direct Falls To 1.91% APY - 12/29/2019

Slightly above the now average, but not high enough to be a solid choice.

SFGI Direct Drops To 2.07% APY - 12/6/2019

SFGI Direct, one of the current rate leaders dropped its rate .2%, to 2.07% APY (was 2.27%). Ah well, we all knew it was coming.

SFGI Direct Ups Savings Account Rate - Almost 10 Years of Top Rates - 1/20/2019

SFGI Direct increased the rate on its Savings Account by 20 bps to 2.27% APY. The account must be opened with a minimum deposit of $500.

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Simple Product, Perfect Execution!

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!

Quick And Easy

Posted by: larkin | Nov 22, 2019

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.

Interest Rate Confusion

I took a wordpad document, and copied and pasted all the info that I wanted to keep about this bank, and many others, as I archive everything about online banks. I'm getting up there in age, and sometimes I think, that my memory isn't as good as it used to be.

But if it's still as sharp as ever, I know one day, eventually, it might start slipping. So I want this info to come back to, or even keep it for history's sake, or even to let someone else know a fact or two about a bank, they might be curious, or interested in.

And so anyway, to get to my point (see, I'm slippin, lol)....I have found 3 times, where this bank's website, has said (not literally!), that the minimum balance to receive that rate, is 500.00. But now, on their homepage, and ONLY on their front page, I believe that minimum has been changed, since the last time, I've checked this site out, and it's now 1.00.
I don't know if I missed that last time I examined this whole site, as it has been awhile, since I've been here on their site, but if it's 1.00 min now, couldn't they update their website, to reflect that change? To NOT confuse someone? I sure would like to know, and I would be VERY happy, if it's that min now, as there's no way, I could give that much money (500.00), at one time. I also wish I knew how long that minimum would be active, before it changes it back to 500. IF, that is what is going on.
I see I can click on how many stars, for my opinion about different subjects about the website. Too bad they don't have one for this subject... lol. (Can't come up with a word for it, first time I've come up on this situation).
What do others think? Is the minimum balance to open the account, 500 dollars, or 1? Guess I could go ahead and fill out the application, and be declined, for not having the full minimum....:)
But I hate wasting any minutes in my busy day!

Best On-Line Bank

Posted by: cbr6861 | Apr 12, 2017

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.



Data as of Q3 2019

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

Health Grade Components

FDIC Certificate #34102
Year Established1995
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.38%
Return on Equity - YTD12.59%
Annual Interest Income$80.0MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$2.32B$2.13B
LoansQ3 2019vs Q3 2018$1.84B$1.63B
DepositsQ3 2019vs Q3 2018$1.83B$1.66B
Equity CapitalQ3 2019vs Q3 2018$261.4MM$223.3MM
Loan Loss AllowanceQ3 2019vs Q3 2018$12.9MM$12.9MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$12.7MM$17.0MM
Real Estate OwnedQ3 2019vs Q3 2018$21.0MM$22.0MM
  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.

SFGI Direct Falls To 1.91% APY

RandRose   |  
Slightly above the now average, but not high enough to be a solid choice.

SFGI Direct Drops To 2.07% APY

Sperry8   |  
SFGI Direct, one of the current rate leaders dropped its rate .2%, to 2.07% APY (was 2.27%). Ah well, we all knew it was coming.

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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

1.91%$1-SFGI Direct Savings Account

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.