SFGI Direct 2.25% Savings Account To Stop Accepting Applications Tomorrow (Friday)

If you are currently still in the market for a new savings account and you have no issues with online banks then now may be your last opportunity to open a savings account with SFGI Direct. SFGI is currently offering a 2.25% APY on their online savings account, with a $500 minimum deposit. Overall the bank as a whole is not that large, with only $1.57 billion in assets and $964 million in deposits and as of 6/30/2009 the BauerFinancial had given the bank 2 stars (problematic) out of 5 for financial health.

sfgi Promotion

SFGI message on their homepage: “On Friday, November 6th SFGI Direct will again remove the “Apply Now” button from our website. As many of you noticed in July we removed the ‘Apply Now’ button for approximately 2 months. It is our philosophy to deliver a competitive product to our clients; SFGI Direct has chosen a strategy to slow account growth by limiting the application process of new clients instead of dramatically cutting rates to loyal customers.”

Click here if you would like to open an account.