State Bank of India (IL)

Reviews (4)

High CD Rates And Excellent Customer Service

Posted by: ronkohen | Feb 22, 2019

We can't remember getting service from any other institution as good as we received from SBI Chicago . Starting with the CEO and down. Everyone was extremely responsive and helpful. Rates are the best in the country. All the people we dealt with made it extremely easy to open CD accounts. We can highly recommend doing business with this institution.- Ron

Surprised They Are Allowed To Operate

Posted by: Peter_H | Jan 2, 2020

Horrendous customer service and absurd level of personal information collected.
How are they allowed to operate as an FDIC member is a mystery worthwhile exploring.

Waste Of Time

Posted by: Nutgraf | Jan 25, 2019

The CD rates posted on their site are correct in one place, but grossly incorrect when you view them during the online account opening process. So I called on the phone and after much confusion was told that I would have to download a paper application and send a check by mail, including a notarized copy of my drivers' license. So if you don't have time for all this nonsense, bank elsewhere.

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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ANOTHER Interest Rate Cut!! Now It's State Bank Of India's Turn

ichaelm   |  
This is the 4th rate cut that I've posted in the last 3 weeks and I'm getting kind of tired of this! Effective 1/1/20, SBI's savings and money market accounts are both now yielding 2.00%, down from 2.25%.

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State Bank of India (IL) Savings Account Rates

2.00%--Savings Account - US Based Consumer

State Bank of India (IL) Money Market Rates

2.00%--Money Market Deposit - US Based Consumer
2.00%--Money Market Deposit - US Based Businesses & Associations

State Bank of India (IL) CD Rates

2.32%$2.5k-Senior Citizens 5 Year CD
2.22%$2.5k-5 Year CD
2.22%$2.5k-Business 5 Year CD
2.12%$2.5k-Senior Citizens 3 Year CD
2.12%$2.5k-Business 15 Month CD Special
2.12%$2.5k-15 Month CD Special
2.07%$2.5k-Senior Citizens 2 Year CD
2.02%$2.5k-3 Year CD
2.02%$2.5k-Business 3 Year CD
2.02%$2.5k-Senior Citizens 1 Year CD
1.97%$2.5k-2 Year CD
1.97%$2.5k-Business 2 Year CD
1.92%$2.5k-1 Year CD
1.92%$2.5k-Business 1 Year CD
1.51%$2.5k-6 Month CD
1.51%$2.5k-Business 6 Month CD
1.26%$2.5k-3 Month CD
1.26%$2.5k-Business 3 Month CD

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

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