SFGI Direct, a division of Summit Community Bank, is offering the highest online savings rate at 2.25% APR in the country. SFGI Direct has no monthly service charge and requires only $500 to open an account.
Summit Community Bank is headquartered in Moorefield, West Virginia approximately 90 miles west of Washington, D.C. and has offices located in West Virginia and Northern Virginia. Summit Community bank has more than $1.4 billion in assets as of November 30, 2008.