Find the latest State Bank of India CD Rates, Offers, and Promotions here.
Some of the best State Bank of India CD Rates such as 0.55% APY 24-Month CD, 0.70% APY 36-Month CD, 1.00% APY 60-Month CD.
State Bank of India CD Summary
With headquarters in Mumbia, State Bank of India has been expanding for over 200 years to provide their members with the best customer service and financial tools. They are the oldest commercial bank on the Indian subcontinent.
- Availability: Nationwide (Locator)
- Soft/Hard Pull: Unknown, let us know
- Minimum Balance Requirement: $25,000
- Early Withdrawal Fee: You may face a penalty if you withdraw before the maturity date.
- Auto-Renewal: Not Specified
(FDIC Insured)
Term | APY Rate | Minimum Deposit |
3 Month | 0.10% | $2,500 |
6 Month | 0.20% | $2,500 |
12 Month | 0.45% | $2,500 |
24 Month | 0.55% | $2,500 |
36 Month | 0.70% | $2,500 |
60 Month | 1.00% | $2,500 |
12 Month (Senior) | 0.55% | $2,500 |
24 Month (Senior) | 0.65% | $2,500 |
36 Month (Senior) | 0.80% | $2,500 |
60 Month (Senior) | 1.11% | $2,500 |
State Bank of India Best CD Rates
State Bank of India doesn’t necessarily offer the most versatile range of CD terms, however, they do offer competitive CD rates. Unfortunately, they don’t necessarily have the best short term CD rates either, however, they do rank pretty nicely on our compiled list of Best 1 Year CD Term sitting at 2.02% APY 12-Month. Again, this is a Senior Citizen Certificate of Deposit rate and requires a minimum funding of $2,500 to accomplish said APY.
State Bank of India CD Account Features
- CD terms from 12 Months to 60 Months
- No hidden fees, no maintenance fees
- Competitive 60 Month CD Rate
Conclusion
State Bank of India’s website is rather difficult to navigate on and considering that their an online bank, I find that as a huge flaw, but nonetheless, they do offer some competitive rates on their CD and Senior Citizen CDs. With a hefty $2,500 minimum opening deposit requirement though, you could also find more competitive jumbo CDs without the hefty deposit requirement.
Be sure to see our complete list of the Best CD Rates for all your banking needs!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.