The product Savings Account from SFGI Direct, a division of Burke & Herbert Bank & Trust Company with 4.08% APY and $500 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $29,833. The interest earned would be $9,833 and the tax amount on the interest earned would be approximately $2,950.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.
| Rate: 0.22% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 44 | 31 |
| 2 | 20,044 | 44 | 31 |
| 3 | 20,088 | 44 | 31 |
| 4 | 20,133 | 44 | 31 |
| 5 | 20,177 | 45 | 31 |
| 6 | 20,222 | 45 | 31 |
| 7 | 20,267 | 45 | 31 |
| 8 | 20,311 | 45 | 31 |
| 9 | 20,356 | 45 | 31 |
| 10 | 20,401 | 45 | 32 |
| TOTAL: | $446 | $312 |
| Rate: 4.08% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 816 | 571 |
| 2 | 20,816 | 849 | 595 |
| 3 | 21,665 | 884 | 619 |
| 4 | 22,549 | 920 | 644 |
| 5 | 23,469 | 958 | 670 |
| 6 | 24,427 | 997 | 698 |
| 7 | 25,423 | 1,037 | 726 |
| 8 | 26,461 | 1,080 | 756 |
| 9 | 27,540 | 1,124 | 787 |
| 10 | 28,664 | 1,169 | 819 |
| TOTAL: | $9,833 | $6,883 |
The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.
| Date | APY |
|---|---|
| October 27, 2025 | 4.08% |
| October 20, 2025 | 4.08% |
| October 10, 2025 | 4.08% |
| September 15, 2025 | 4.08% |
| August 7, 2024 | 4.17% |
| August 20, 2023 | 3.81% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.35% |
$1,000 |
Learn More | |
|
Last change: ↑2.35% on September 16. |
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|
|
4.34% |
$500 |
Learn More | |
|
Last change: ↑1.66% on April 4. |
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|
|
4.34% |
$500 |
Learn More | |
|
Last change: ↑0.66% on February 4. |
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|
|
4.30% |
$50,000 |
Learn More | |
|
Last change: ↓0.15% on September 23. |
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|
|
4.25% |
$25,000 |
Learn More | |
|
Last change: ↓0.16% on September 18. |
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Customer Reviews for SFGI Direct, a division of Burke & Herbert Bank & Trust Company
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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