State Bank of India's CD Rates
September 14, 2007
State Bank of India has popped back onto the radar with an increase in CD rates for all terms from 1 month to 5 years or longer. The Indian bank, which has a FDIC-insured U.S.-based division, has U.S. operations in New York, Chicago, Los Angeles, and Washington DC. FDIC-insurance is applicable to accounts set-up online through State Bank of India's website at www.statebank.com.
1 Month CD term
5.35% APY for more than $95,000
3 Month CD term
5.25% APY for less than $50,000
5.35% APY for $50,000 to $95,000
5.46% APY for more than $95,000
6 Month CD term
5.46 APY for less than $50,000
5.56 APY for $50,000 to $95,000
5.67 APY for more than $95,000
1 Year CD term
5.46 APY for less than $50,000
5.56 APY for $50,000 to $95,000
5.67 APY for more than $95,000
2 Years CD term
5.35 APY for less than $50,000
5.46 APY for $50,000 to $95,000
5.56 APY for more than $95,000
3 Years CD Term
5.35 APY for less than $50,000
5.46% APY for $50,000 to $95,000
5.56% APY for more than $95,000
5 Years and above
5.30% APY for less than $50,000
5.41% APY for $50,000 to $95,000
5.51% APY for more than $95,000
The 5-year rates quoted above can be used for terms longer than 5 years and up to 10 years, which can be useful for investors expecting rates to fall and desiring to lock-in longer term rates.
