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State Bank of India Has the Highest 24, 36, and 60 Month CD Rates

State Bank of India Has the Highest 24, 36, and 60 Month CD Rates

Rate information contained on this page may have changed. Please find latest cd rates.

Author: Cindy Lewis on September 4, 2008 - modified on October 25, 2017

State Bank of India has gotten aggressive with its rates, offering the highest 24, 36, and 60 month CD rates. They are largely unknown but are part of one of the largest Indian banks.

State Bank of India has gotten aggressive with its rates, offering the highest 24, 36, and 60 month CD rates. The rates they are offering are:

24 month certificate of deposit: 4.78% APY
36 month certificate of deposit: 5.09% APY
60 month certificate of deposit: 5.30 % APY

These are top cd rates according to the BestCashCow rate tables.

They are largely unknown in the US but are part State Bank of India, India's largest commercial Bank in terms of profits, assets, deposits, branches and employees. They are FDIC insured. For a further review of their offering, please visit the State Bank of India page on BestCashCow.

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Today's Highest Online CD Rates

Bank	Product Term	Interest Rate (APY)
Finworth, a division of InsBank	1-Year	5.38% APY with $50,000 minimum
TotalDirect, a division of City National Bank of Florida	1-Year	5.35% APY with $25,000 minimum
Rising Bank, a division of Midwest BankCentre	1-Year	5.31% APY with $1,000 minimum
Dollar Savings Direct, a division of Emigrant Bank	3-Year	5.00% APY with $1,000 minimum
First Internet Bank of Indiana	3-Year	4.66% APY with $1,000 minimum
IncredibleBank	3-Year	4.58% APY with $1,000 minimum
First Internet Bank of Indiana	5-Year	4.55% APY with $1,000 minimum
BMO Alto, a division of Bank of Montreal Harris	5-Year	4.50% APY with no minimum
Department of Commerce	5-Year	4.34% APY with $500 minimum

See More Online CD Rates →

Comments

JRodgers

September 04, 2008

The rates are strong and it is FDIC insured, but I still wouldn't sleep well. Why deal with these guys for a couple off basis points? One year CD rates with the likes of IndyMac and WaMu are perfectly compelling.

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Sam Cass

September 04, 2008

Their 2 and 3 year cds are almost 30 basis points higher than the next bank. That's a significant difference.

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jrr7

September 05, 2008

Are you trolling there JRodgers? everybody knows IndyMac went bust and WaMu will do the same by the end of the year.

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