State Bank of India

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Based on 2 reviews

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5 Year Senior Citizen CD

Overview / Commentary

sbinewyork.statebank

212-521-3200

460 Park Avenue
New York, NY 10022

Related Posts

View all posts from:

2018
2017
2016
Earlier

10/15 - State Bank of India Offers 1-Year Senior Citizen CD
7/6 - State Bank Of India (NY): Various Terms Up To 3.29% For Seniors; 3.19% Others

9/14 - 12-Month Senior Citizens' CD at State Bank of India
6/18 - State Bank Of India 5 Yr. CD 2.42% APY

3/2 - 2.27% APY 5 Year CD At State Bank Of India - New York

10/3/13 - Higher 5-Year CD Rate at State Bank of India New York
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

Reviews (2)

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Posted by: ejappel | Nov 15, 2018

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.

54

Difficult Application - Waste Of Time

Posted by: stanley | Jun 15, 2019

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.

Comment

16

Health

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Rates

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Always verify rates and promotions with the bank or credit union. We are not State Bank of India; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

State Bank of India Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%^*^†	$250k^*	-	Money Market Account
OTHER TIERS: 0.10% → Up to $25k \| 0.15% → $25k - $250k
0.05%^†	-	-	Business Money Market Account

State Bank of India CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.11%^†	$25k	-	5 Year Senior Citizen CD
1.00%^†	$5k	$500k	5 Year CD
0.95%^†	$25k	-	4 Year Senior Citizen CD
0.85%^†	$5k	$500k	4 Year CD
0.80%^†	$25k	-	3 Year Senior Citizen CD
0.70%^†	$5k	$500k	3 Year CD
0.70%^†	$10k	$500k	5 Year Corporate CD
0.65%^†	$25k	-	2 Year Senior Citizen CD
0.60%^†	$25k	-	12 Month Senior Citizen CD
0.55%^†	$5k	$500k	2 Year CD
0.55%^†	$10k	$500k	4 Year Corporate CD
0.50%^†	$5k	$500k	12 Month CD
0.45%^†	$10k	$500k	3 Year Corporate CD
0.35%^†	$10k	$500k	2 Year Corporate CD
0.25%^†	$5k	$500k	6 Month CD
0.25%^†	$10k	$500k	12 Month Corporate CD
0.15%^†	$5k	$500k	3 Month CD
0.15%^†	$10k	$500k	6 Month Corporate CD
0.10%^†	$10k	$500k	3 Month Corporate CD

Locations

State Bank of India Locations
State Bank Of India	460 Park Avenue	New York, NY 10022

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