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State Bank of India (IL)

Popular Accounts at this Bank

2.32%5-year CD5 Year CD
1.46%1-year CD1 Year CD
0.90%SavingsSavings Account - Non US Based Consumer

Overview / Commentary
19 South Lasalle Street, 2nd Floor
Chicago, IL 60603

Related Posts

Small CD Rate Increases At State Bank Of India Chicago - 8/12/2016

Slight rate increases were made to the bank’s 1-, 2- and 3-year terms. 1.29% APY 1-year CD (was 1.26%) 1.43% APY 2-year CD (was 1.41%) 1.68% APY 3-year CD (was 1.66%) The bank’s 5-year CD rate remains at 2.27% APY. However, its branch in New York recently lowered their 5-year CD rate to 2.14% APY. The rates are the same for the 1-, 2- and 3-year terms. People from any state can open CDs at these banks by mail. Note, State Bank of India Chicago and State Bank of India New York are both the branches of the same foreign bank. Both are FDIC insured, but the FDIC insurance is not separate. Deposits at both will be combined to determine coverage. There’s a discussion of the safety of State Bank of India in this forum thread.

Reviews (1)

Current High Rate Not Worth It

Posted by: Shar | Sep 24, 2016

I walked into the State Bank of India Chicago branch this morning to open a CD. The receptionist was polite, but her English was so poor that she had problems taking down my phone number. Then she seemed upset that I had not brought a utility bill with, something that has never been required by any bank or credit union I have dealt with, even though I had a valid State ID and credit cards. I began to fill out the application when I noticed a long warning/disclosure about the dangers of faxing information, that I would not hold them liable, and I believe they rely heavily on this form of communication. They seem to be in the Dark Ages regarding banking/technology. I walked out of the bank as I decided I did not feel secure or have any peace of mind doing business with them.


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State Bank of India (IL) Savings Account Rates

0.90%--Savings Account - US Based Consumer
0.90%--Savings Account - Non US Based Consumer

State Bank of India (IL) Money Market Rates

0.85%--Money Market Deposit - US Based Consumer
0.85%--Money Market Deposit - Non US Based Consumer
0.60%--Money Market Deposit - Non US Based Businesses & Associations
0.60%--Money Market Deposit - US Based Businesses & Associations

State Bank of India (IL) CD Rates

2.32%$2,500-5 Year CD
2.32%$2,500-Business 5 Year CD
1.81%$2,500-3 Year CD
1.81%$2,500-Business 3 Year CD
1.56%$2,500-2 Year CD
1.56%$2,500-Business 2 Year CD
1.46%$2,500-1 Year CD
1.46%$2,500-Business 1 Year CD
0.50%$2,500-6 Month CD
0.50%$2,500-Business 6 Month CD
0.30%$2,500-3 Month CD
0.30%$2,500-Business 3 Month CD

State Bank of India (IL) Locations
State Bank Of India19 South Lasalle Street, 2nd FloorChicago, IL 60603