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State Bank of India 2.5% 1 Year CD

July 27th, 2009

State Bank of India is offering a 2.5% APY 1 year CD, a 1.90% APY 3 month certificate of deposit, a 2.20% APY 6 month CD, a 2.75% 2 year CD, a 3% 3 year CD, and a 3.40% 5 year CD through any of their California branches. To get these rates you need to deposit at least $50,000. CDs are also available with lower rates with a minimum deposit of just $1,000. To visit their site click here.

They’re also offering a money market account with a 2% APY for balances from $50,000 to $100,000 and 2.15% APY for balances from $100,000 to $250,000.

State Bank of India New York is offering a 2.07% APY 1 year CD and a 2.42% APY 2 year CD at their bank branches.

If you live in Chicago, their branches are offering a 2.32% APY 1 year CD and a 2.43% APY 2 year CD.

The State Bank of India banks have a 3 out of 5 star soundness rating from bankrate and is FDIC insured.

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  1. Alfonso Villaraos
    August 10th, 2009 at 09:22 | #1

    How can I open a CD account with your institution?

    • August 10th, 2009 at 10:17 | #2

      You need to go to the State Bank of India’s website, the link is in the post.

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