Related Posts
7/6 - State Bank Of India (NY): Various Terms Up To 3.29% For Seniors; 3.19% Others
6/18 - State Bank Of India 5 Yr. CD 2.42% APY
11/30/12 - Competitive CD Rates at State Bank of India - Chicago Branch
6/13/12 - Top 5-Year CD Rate at State Bank of India New York
2/9/12 - Top CD Rates at State Bank of India - NYC & Chicago Branches
7/26/09 - 4.68% 12-Month CD & 4.32% 6-Month CD at State Bank of India, New York
10/16/08 - 4.58% 12-Month CD Nationally Available at State Bank of India - New York
9/17/08 - 4.58% 12-Month / 5.09% 36-Month CD Nationally Available at State Bank of India - New York
8/29/08 - 4.42% 12-Month / 5.30% 60-Month CD Nationally Available at State Bank of India - New York
7/11/08 - 5.09% 1-year CD at State Bank of India
7/11/08 - 5.35% 60-Month / 4.06% 12-Month CD Nationally Available at State Bank of India - New York
4/11/08 - 4.06% 12-Month / 4.32% 36-Month CD Nationally Available at State Bank of India - New York
9/12/07 - 5.67% 12-Month / 5.56% 36-Month CD at Statebank of India - New York ($95K+)
7/15/07 - 5.61% 12-Month and 36-Month CDs at Statebank of India - New York ($95K+)
5/30/07 - 5.51% 12-Month CD at Statebank of India - New York ($95K+)
3/2/06 - High CD Rates at State Bank of India
1/6/06 - 4.89% 6-month CD - Another Look at SBI
Be Careful
When my 5-year CD recently matured, the bank sent me a check for the accumulated balance in the account as I had requested. One problem - they didn't bother to sign the check! After a couple of phone calls and emails, they agreed to send a replacement check and additional per-diem interest (which I demanded) at the rate I could get by reinvesting in a 5-year CD elsewhere at that time.
Other annoyances include: no on-line account opening; no on-line access to check account balances and interest posting; and very poor understanding (on their part) of their own deposit account documents.
In the end, it worked out for me, but I doubt I will ever deposit funds with them again.
Difficult Application - Waste Of Time
This bank has the most difficult application procedure of any bank I applied to, and I'm a member of over twenty banks. I simply wanted to purchase a CD. They required that my identifying documents be notarized and mailed! And after I spent literally hours fulfilling their requirements, they raised questions about my credit worthiness, even though I have an excellent credit score. It's as if they don't want customers. I finally decided not to do business with this 'unusual' organization.
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
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State Bank of India Money Market Rates
State Bank of India CD Rates
| State Bank of India Locations | ||
|---|---|---|
| State Bank Of India | 460 Park Avenue | New York, NY 10022 |