Consumerism Commentary - Latest Comments in Opening a SFGI Direct Savings Account Earning 2.25% APY

Re: Opening a SFGI Direct Savings Account Earning 2.25% APY

Jim — Tue, 17 Nov 2009 17:21:23 -0000

They just dropped from over 2% down to 1.85% today. Right after my xfer from another bank at 1.95% cleared. Guess I'll hop over to SmartyPig next...

Re: Opening a SFGI Direct Savings Account Earning 2.25% APY

Harlan Landes — Sat, 07 Nov 2009 10:40:33 -0000

You are quite right, it looks like they're closing off the bank to new applicants. I'll update the post.

Re: Opening a SFGI Direct Savings Account Earning 2.25% APY

goner — Fri, 06 Nov 2009 23:34:29 -0000

The "Apply" button disappeared and that means that they've reeled in enough suckers. Now comes the rate drop(s) just like ING. It's the new banking strategy in the face of difficult funding: it's also known as "Bait and Switch"

Re: Opening a SFGI Direct Savings Account Earning 2.25% APY

Harlan Landes — Tue, 03 Nov 2009 01:32:30 -0000

Yes, and speaking of which, the promotional interest rate on my (non-online-only) Wachovia Business Money Market Account just dropped to something ridiculously low. I'll have to stop by when I have some time and work something else out.

Re: Opening a SFGI Direct Savings Account Earning 2.25% APY

Kyle — Mon, 02 Nov 2009 07:23:34 -0000

Sounds like a good deal but I would worn you to be wary of newcomers on the top of the interest rate lists. I made the mistake and jumped onto OnBank when it was over 3.0% and within four months they dropped to a measly .50%.