Sfgi Direct, A Division Of Summit Community Bank
Online Savings Account - 4.17% APY
• No Monthly Service Charge
• Minimum Balance to earn interest $1
• FDIC insured up to maximum applicable limit
• Online account opening
• Fund account with a transfer from another bank
• Manage your account anytime online 24/7
Fee and Feature Guide
|
Savings Account |
Interest Rate |
|
APY |
4.17% |
Minimum deposit amount |
$500.00 |
Maximum deposit amount |
N/A |
Balance Requirements |
|
Minimum Opening Deposit |
$500.00
|
Minimum Balance to Avoid Fees |
$0.00 |
Minimum Required Balance |
$1.00 |
Minimum To Earn |
$0.00 |
Fees |
|
Monthly Maintenance Fee |
N/A |
Foreign ATM Fees |
N/A |
Insufficient Funds Fee |
N/A
|
Incoming Wires |
N/A
|
Statements |
|
Paper Statements |
× |
Online Statements |
Yes |
Online and Telephone Banking |
|
Online Banking |
Yes |
Telephone Banking |
Yes |
Mobile Banking |
Yes |
Deposit Checks with Mobile Device |
Yes |
Free Bill Pay |
Yes |
Online Bill Payments Required |
Yes |
Account Opening |
|
Open Online |
Yes |
Insured by |
F.D.I.C.
|
Recent Rate Changes
Date
|
APY
|
August 7, 2024 |
4.17%
|
August 20, 2023 |
3.81%
|
Customer Reviews for SFGI Direct, a division of Summit Community Bank
Electra McCain
December 31, 2020 |
I’ve filed a complaint with the FDIC. This bank keeps rearranging my transactions, even if they’ve posted and are not pending. They also will deny a transaction and charge a non sufficient funds fee (however, their employees don’t know the difference between an overdraft and NSF fee. My branch manager argued with me for a long time. Terrible customer service every single time! Atrocious!! If I ask them about something they’ll make something up and then finally tell me after they see it.. if they ever do...
Most of the time though when I ask about something like I had SIX $0.00 unknown transactions and they said they didn’t see them at first then just started reading all my transactions off to me lol like that would help me or something anyway. Frustrating and I think the FDIC made them refund me the last NSF fee which they were refusing to do!
Is this review helpful? Yes:3 / No: 0
C Wendall
November 27, 2020 |
I've had an account for a few months here. I have not been charged a fee, downsides include 1. the ability to link only one external bank, 2. cannot change beneficiaries after the application, 3. no ATM access (synchrony and Ally provide this), 4. no trust accounts (I also have this problem with Marcus), 5. the inability to accept wire transfers. Not necessary to choose a better known name if you understand the limitations.
Is this review helpful? Yes:2 / No: 0
Color me disappointed
September 4, 2020 |
I opened an account a couple of months ago when the rates were higher. I reviewed the statements and discovered they had been automatically charging me a $5 monthly service fee. Sneaky! I couldn't reach anyone at HQ in WV so I closed the account and ate the $30 loss. I would not recommend doing business with them.
Is this review helpful? Yes:3 / No: 0
CJ Alexander
September 16, 2017 |
Worked with them previously years ago when the rate was very competitive. Now they have re-emerged but I would prefer to go with a better-know name and get a little less.
Is this review helpful? Yes:2 / No: 2
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